6401 Whitman Ave, Lake Balboa, CA 91406

The property is a vacant land parcel presented as shovel-ready with a fully entitled RTI (Ready to Issue) permit project. The plan calls for 37 total units in a Type V, four-story, fully stacked design on a corner lot, using wood frame floors. Unit mix includes a manager’s office that can be converted into a unit, along with studios and one-bedroom layouts. The development design also includes laundry rooms on each floor, outdoor bicycle areas, and storage. The plans indicate no parking is required, which is intended to reduce certain construction costs associated with on-grade parking.

The site is located in Lake Balboa, in the Los Angeles area. Public remarks state the property is directly across from Woodley Park and across from the Orange Line and freeway, with major shopping nearby. The project is also described as being within a TOC Tier 3 area due to its walkability to the Metro/Orange Line.

This offering is positioned for developers, investors, contractors, and builders looking to pull permits and begin construction immediately on an entitled multifamily development. Prospective parties should review the entitlement package, unit mix, and covenant income assumptions during their due diligence, as buyer to verify all items. The property is under zoning stated as LARD1.5.