Ready-to-Issue Permit
6401 Whitman Ave, Lake Balboa, CA 91406
New
MULTI_FAMILY - Lake Balboa, CA
Property size:
15,111 SFLot size:
0.14 AcresPrice / SF:
$115/SF- Added:
- May 26, 2026
- Days on Market:
- 4
- Last Refresh:
- May 29 at 1:06 pm
Property Features for 6401 Whitman Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- LARD1.5
- Bedrooms
- 37
- Bathrooms
- 37
- Rooms
- Bedroom 30, Bathroom 24, Bathroom 7, Bathroom 4, Bathroom 26, Bedroom 25, Bedroom 5, Bedroom 4, Bedroom 9, Bathroom 35, Bathroom 20, Bedroom 1, Bedroom 29, Bedroom 34, Bathroom 28, Bedroom 19, Bedroom 3, Bedroom 8, Bedroom 21, Bedroom 10, Bathroom 23, Bathroom 14, Bedroom 2, Bathroom 30, Bathroom 3, Bathroom 33, Bathroom 18, Bedroom 18, Bathroom 10, Bedroom 32, Bedroom 37, Bedroom 20, Bedroom 33, Bathroom 5, Bathroom 11, Bedroom 17, Bathroom 29, Bathroom 6, Bathroom 37, Bathroom 27, Bedroom 15, Bathroom 21, Bathroom 25, Bedroom 23, Bathroom 2, Bathroom 13, Bedroom 24, Bathroom 19, Bathroom 12, Bedroom 16, Bathroom 9, Bathroom 15, Bathroom 17, Bathroom 34, Bedroom 6, Bedroom 22, Bathroom 36, Bedroom 13, Bedroom 26, Bathroom 22, Bedroom 12, Bathroom 32, Bedroom 31, Bathroom 8, Bedroom 14, Bedroom 7, Bedroom 28, Bedroom 27, Bedroom 35, Bedroom 11, Bathroom 1, Bathroom 31, Bathroom 16, Bedroom 36
- Standard status
- Active
- APN
- 2233-006-017
- Size
- 15,111 SF
- Lot size
- 0.14 Acres
Utilities
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2026
- Floors in Building
- 4
- Number of units
- 37
Listing agent Daniel Lalezari License #01949474 (310) 650-4220
Listing office Keller Williams Hollywood Hills 9000 Sunset Blvd. Suite 1100, West Hollywood, CA (310) 623-1300
Listing date May 26, 2026
MLS# 26839055
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully entitled, RTI permit project for 37 affordable housing units offering an immediate 'shovel ready' development opportunity.
- Located in a high‑demand area of Lake Balboa, near major employment hubs.
- Excellent location directly across from Woodley Park and the Metro Orange Line, promoting walkability and bike accessibility.
- Significant cost savings due to Type V construction, fully stacked design, and no parking requirements.
- Projected gross annual income of $905,784 based on current schedule rents.
- Each floor includes a laundry room, outdoor bicycle area, and storage, enhancing tenant appeal.
Overview
Located in Lake Balboa, CA, the property at 6401 Whitman is a shovel-ready project with a Ready to Issue (RTI) permit. The project is designed for developers, investors, contractors, and builders. It features 37 units, including a manager's office that can be converted into a unit, with 19 one-bedroom units and 18 studios. The design is a Type V, four-story structure with wood frame floors on a corner lot, offering potential savings in construction costs and time. The livable area is 15,111 square feet, with a buildable area of 16,780 square feet. Unit sizes range from 268 to 338 square feet for studios and 352 to 465 square feet for one-bedroom units. The property is located across the street from Woodley Park and the Orange Line, providing easy access to transportation and amenities. It is also near shopping stores like Super King and Costco. Situated in a TOC Tier 3 area, the location is walkable and bike-friendly. Each floor includes a laundry room, outdoor bicycle area, and storage. The plans require no parking, reducing construction costs. The property is located in close proximity to Encino, Sherman Oaks and Van Nuys. The lot size is 0.1408 acres. The zoning is LARD1.5. The intended use is for affordable housing.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Lake Balboa
- County
- Los Angeles
- State
- California
- Longitude
- -118.476707
- Latitude
- 34.186878
Nearby Similar for Sale
FAQs
What type of property is this?
Residential land & home lot - Fully entitled 37-unit affordable housing project in Lake Balboa.
Where is this residential land & home lot located?
The property is located at 6401 Whitman Ave Lake Balboa, CA.
What is the asking price?
The asking price for this property is $1,749,999.
What are key features of this property?
This property features: Fully entitled, RTI permit project for 37 affordable housing units offering an immediate 'shovel ready' development opportunity.; Located in a high‑demand area of Lake Balboa, near major employment hubs.; Excellent location directly across from Woodley Park and the Metro Orange Line, promoting walkability and bike accessibility.
