7005 Woodley Ave Los Angeles, CA 91406

This 11,314 sq ft lot in Los Angeles, CA (APN 2224-010-009), is zoned LAR3-1 and offers a fully entitled, 25-unit residential development opportunity. The plans include 13 one-bedroom/one-bathroom units, 4 one-bedroom/one-bathroom ADUs (convertible from recreation rooms), and 8 two-bedroom/two-bathroom units, with two units designated for very low-income housing. The project features 35 parking spaces (10 on-grade, 25 subterranean), a rooftop deck, and is situated in a prime Van Nuys location near major freeways (5, 170, 134, 101, and 405), offering easy access to commercial corridors (Sherman Way, Victory Blvd, Hayvenhurst Ave, and Haskell Ave) and recreational amenities (Lake Balboa Park). The site allows for 14 units by-right, with a 3:1 FAR and 45-foot height limit, but the Density Bonus program increases this to 21 units, a 4.05:1 FAR, and a 56-foot height limit. The asking price is $1,600,000 ($141.42/sq ft). The property is fee simple ownership. This presents an exceptional opportunity for developers to capitalize on a fully entitled project in a high-demand area. Buyer to verify all information.