RTI Affordable Housing Development
For Sale
$1,500,000
6901 Woodman Avenue, Van Nuys, CA 91405
Ready-to-issue plans for a five-story 100% affordable housing development with zero on-site parking.
Property SizeContact for details
Days on Market25
Property Features for 6901 Woodman Avenue
General Information
Standard status
Active
Property subtype
Lots/Land
Additional Details
Sprinkler System
Yes
Multifamily Units
55
Building Details
Stories
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap
(626) 242-6766
Listed By:
Filip Niculete · License #01905352
(626) 242-6766
Source:
Exitrealty
Added: Jul 16
Changed: Aug 8
Last Checked: Jul 18 at 1:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This is a for-sale residential development site with ready-to-issue (RTI) permits and fully detailed approved plans for a 55-unit, 100% affordable housing project in Van Nuys. The approved design contemplates a five-story Type V-A wood-frame structure with zero on-site parking, configured to support high-density residential execution.
The project is engineered under the 2020 City of Los Angeles Building Code and California Title 24 standards. The plans include 3-hour rated structural assemblies and STC-rated separation walls, along with life-safety systems and fire protection components such as NFPA-13 fire sprinklers, standpipe systems, emergency power provisions, and Fire Department access requirements per the Los Angeles Fire Code.
The property’s location is approximately four blocks from a future Metro Light Rail station at Vanowen Street and Van Nuys Boulevard as part of the East San Fernando Valley Light Rail Transit Project, placing it within a planned transit investment corridor. With RTI status, the site supports immediate permitting and construction commencement without additional entitlement exposure.
The project is engineered under the 2020 City of Los Angeles Building Code and California Title 24 standards. The plans include 3-hour rated structural assemblies and STC-rated separation walls, along with life-safety systems and fire protection components such as NFPA-13 fire sprinklers, standpipe systems, emergency power provisions, and Fire Department access requirements per the Los Angeles Fire Code.
The property’s location is approximately four blocks from a future Metro Light Rail station at Vanowen Street and Van Nuys Boulevard as part of the East San Fernando Valley Light Rail Transit Project, placing it within a planned transit investment corridor. With RTI status, the site supports immediate permitting and construction commencement without additional entitlement exposure.
Key Highlights
- 55‑unit RTI (ready‑to‑issue) development site for a 100% affordable housing project in Van Nuys, within the City of Los Angeles
- Fully RTI plans allow a developer to pull permits and commence construction without additional entitlement exposure
- Approved plans call for a five‑story Type V‑A wood‑frame structure with zero on‑site parking to maximize unit efficiency
Property Analytics
Current Use
Lease Details
55
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
1,546
Businesses Nearby
Explore this area
Business Placement
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Ready-to-issue plans for a five-story 100% affordable housing development with zero on-site parking.
Where is this residential land & home lot located?
The property is located at 6901 Woodman Avenue Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 55‑unit RTI (ready‑to‑issue) development site for a 100% affordable housing project in Van Nuys, within the City of Los Angeles; Fully RTI plans allow a developer to pull permits and commence construction without additional entitlement exposure; Approved plans call for a five‑story Type V‑A wood‑frame structure with zero on‑site parking to maximize unit efficiency
