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6901 Woodman Avenue, Van Nuys, CA 91405

6901 Woodman Avenue, Van Nuys, CA 91405

An RTI, 55-unit, 100% affordable ED1 development four blocks from the planned Van Nuys Light Rail.

Exclusively listed by the LAAA Team at Marcus & Millichap

Listing Price
$1,500,000
Lot Size
10,005 SF · 0.23 AC
Buildable Units
55
Price / Buildable Unit
$27,273
Price / Land SF
$149.93
Zoning
LAR3
Entitlements
RTI

Offering

The Offering

6901 Woodman Avenue is a 10,005 SF site in Van Nuys that is fully RTI (Ready to Issue) for a 55-unit, 100% affordable housing development under Executive Directive 1 and Transit Oriented Communities incentives (case ADM-2025-1419-DB-VHCA-RED1). A developer can pull permits and start construction immediately with no entitlement exposure. The approved plans call for a five-story Type V-A wood-frame building with zero required on-site parking, engineered under the 2020 Los Angeles Building Code and Title 24 with NFPA-13 sprinklers, standpipes, and full life-safety compliance. Demolition of the prior improvements is underway, clearing the path to construction. The offering pencils to $27,273 per buildable unit and $149.93 per land SF.

  1. 01

    RTI, permits ready to issue with no entitlement risk and immediate construction start

  2. 02

    55-unit, 100% affordable ED1 development with TOC incentives

  3. 03

    Zero required parking, five-story Type V-A wood-frame design maximizes unit efficiency

  4. 04

    $27,273 per buildable unit and $149.93 per land SF on a 10,005 SF lot

  5. 05

    Four blocks from the planned Vanowen and Van Nuys Light Rail station

  6. 06

    Fully engineered plans under the 2020 LA Building Code and Title 24 with NFPA-13 sprinklers

Location

Location & Neighborhood

6901 Woodman Avenue, Van Nuys, CA 91405

6901 Woodman sits at Woodman Avenue and Vanowen Street in Van Nuys, within the Van Nuys and North Sherman Oaks Community Plan Area. The site is four blocks from the planned Vanowen and Van Nuys Light Rail station on the East San Fernando Valley line, the corridor anchoring one of the largest transit infrastructure investments in the Valley. The surrounding blocks are established residential streets with limited commercial congestion, and the Van Nuys Metrolink and Amtrak station, Van Nuys Boulevard retail, and the Valley's employment corridors are minutes away. Affordable product here delivers into a submarket with deep renter demand and a strengthening transit story.

Listing Team

Exclusively listed by the LAAA Team.

For site walks, zoning questions, or offer guidance, reach out directly.

Next Step

Ready to dig into the site?

Sign the Confidentiality Agreement to access the full Offering Memorandum for 6901 Woodman Avenue, Van Nuys, CA 91405.

LA Apartment Advisors

The LAAA Team

Marcus & Millichap

All property showings are by appointment only.

This information has been secured from sources believed to be reliable, but no representations or warranties, expressed or implied, are made as to the accuracy of the information. References to square footage, age, or income are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. All property showings are by appointment only.