Shovel-Ready Residential Development
New
For Sale
$1,599,999
6401 Whitman Ave, Lake Balboa, CA 91406
LAND - Lake Balboa, CA
Lot Size0.14 Acres
Days on Market7
Property Features for 6401 Whitman Ave
General Information
Property type
Land
Property subtype
Other
Zoning
LARD1.5
Directions
Just east of Woodley on Victory, corner property
Subdivision
Lake Balboa
Standard status
Active
APN
2233-006-017
Lot size
0.14 Acres
Amenities
laundry room
outdoor bicycle area
storage
Listing Agency:
Keller Williams Hollywood Hills · Keller Williams Realty
(310) 623-1300
Listed By:
Daniel Lalezari · License #01949474
(310) 650-4220
Added: Jul 27
Last Checked: Aug 2 at 5:06AM
MLS# 26864763
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.
Investment Insights
Based on property information with market context.
6401 Whitman Ave in Lake Balboa is a vacant land parcel with an approved, fully entitled RTI (Ready to Issue) permit project for a 37-unit residential development. The plan is a Type V, four-story, fully stacked design with all wood frame floors on a corner lot, including a manager’s office that can be converted into a unit. The unit mix is 19 one-bedroom units and 18 studio units, and the plans include a laundry room, outdoor bicycle area, and storage on each floor.
The project is described as an ED1 100% affordable development and is noted as a TOC Tier 3 area. The plans state that no parking is required. The location is across the street from Woodley Park and the Metro/Orange Line, with the freeway also across the street.
Buyer to verify all information.
The project is described as an ED1 100% affordable development and is noted as a TOC Tier 3 area. The plans state that no parking is required. The location is across the street from Woodley Park and the Metro/Orange Line, with the freeway also across the street.
Buyer to verify all information.
Key Highlights
- Fully entitled, RTI (ready to issue) permit project for 37‑unit 100% Affordable ED1 development in Lake Balboa.
- Unit mix includes 19 1‑bedroom and 18 studios, plus a manager’s office that can be converted into a unit.
- Type V, four‑story fully stacked design on a corner lot with wood frame floors.
Property Analytics
Property Profile
Current Use
Lease Details
37
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,862
Businesses Nearby
Explore this area
Business Placement
Demographics for 91406, CA
53,252
Population
19,650
Households
2.7
Avg Household Size
37
Median Age
29%
College-Educated
77%
High-School Grad
8.1 sq mi
ZIP Area
6,574
Density / Sq Mi
$76,653
Median Household Income
$41,469
Median Earnings
$1,859
Median Rent
$765,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled, RTI 37-unit residential project on a corner lot zoned LARD1.5, ready to pull permits.
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 $1,599,999.
What are key features of this property?
This property features: Fully entitled, RTI (ready to issue) permit project for 37‑unit 100% Affordable ED1 development in Lake Balboa.; Unit mix includes 19 1‑bedroom and 18 studios, plus a manager’s office that can be converted into a unit.; Type V, four‑story fully stacked design on a corner lot with wood frame floors.
