For Sale
$1,600,000

7005 Woodley AveLos Angeles, CA 91406

25-Unit RTI Development Site

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • Prime Van Nuys location.
  • Favorable LAR3-1 zoning.
  • Fully entitled 25-unit residential development; includes 4 convertible ADUs.
  • 14 units by-right, 3:1 FAR.
  • Density bonus allows for 21 units, 4.05:1 FAR.
  • $1,600,000 asking price; $141.42/sq ft.

Property Details for 7005 Woodley Ave

Property type
Land

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1977974
Longitude
-118.4840146
7005 Woodley Ave, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7005 Woodley Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message