6901 Woodman Avenue Van Nuys, CA $ 1,550,000
6901 Woodman Avenue
$ 1,550,000
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6901 Woodman Avenue

Van Nuys, CA, 91405
$ 1,550,000
Baths0.0

Monthly Estimate*

$ 9,544

Listed by Marcus & Millichap
6901 Woodman Avenue, Van Nuys, CA 91405 - Image 1
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Studio

Lots and Land for sale in Van Nuys, CA

for $1,550,000. The lot size is 0.2298.

We are proud to present 6901 Woodman Avenue, a 55-unit RTI (Ready-To-Issue) 100% affordable housing development located in Van Nuys within the Van NuysNorth Sherman Oaks Community Plan Area of the City of Los Angeles.The project is fully RTI, allowing a developer to immediately pull permits and commence construction without additional entitlement exposure. Leveraging the City of Los Angeles' Executive Directive No. 1 (ED1) ministerial approval pathway in combination with Transit Oriented Communities (TOC) incentives, the approved plans achieve a high-density five-story residential development optimized for affordable housing execution.The approved plans call for a five-story Type V-A wood-frame structure with zero on-site parking, maximizing unit efficiency while aligning with current City housing production priorities. The design reflects cost-effective construction fundamentals relative to podium or high-rise alternatives.The building has been engineered under the 2020 City of Los Angeles Building Code and California Title 24 standards, incorporating 3-hour rated structural assemblies, STC-rated separation walls, and full life-safety compliance including NFPA-13 fire sprinklers, standpipe systems, emergency power provisions, and Fire Department access requirements per Los Angeles Fire Code. The fully detailed plans provide construction clarity and reduce technical execution risk for incoming ownership.Unlike many corridor-heavy ED1 sites, 6901 Woodman Avenue is situated within an established residential neighborhood characterized by surrounding multifamily and low-density housing rather than heavy commercial or industrial uses. This residential setting enhances long-term livability, supports tenant stability, and limits direct large-scale development competition.The property is located approximately four blocks from the future Metro Light Rail station at Vanowen Street and Van Nuys Boulevard, part of the East San Fernando Valley Light Rail Transit Project. This planned fixed-rail infrastructure will significantly enhance long-term connectivity throughout the Valley and into the broader Metro system, positioning the site within a publicly funded growth corridor benefiting from sustained transit investment.With RTI status, strong transit fundamentals, and a residential neighborhood setting, 6901 Woodman Avenue represents a rare opportunity to deliver high-density affordable housing with immediate construction readiness in one of the San Fernando Valley's most supply-constrained rental corridors.

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Lots and Land Active

Price

$ 1,550,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Lot Size

0.2298

Town/City

Van Nuys

County/Region

Los Angeles

MLS | Web ID

26668561

Days on Market

36

Features
General
Zoning LAR3
View None
County Los Angeles
New Construction false
Property Type Land
HOA false
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions North of Vanowen St and South of Sherman Way.
City Van Nuys
Senior Community Y/N false
MLS Area VN - Van Nuys
Lot Size Units Square Feet
Lot Size Square Feet 10008
Standard Status Active
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Interior
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Baths 0
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Exterior
Total Parking 0
Lot Size Area 10008
Lot Size Acres 0.2298
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

info@laaa.com

Email

Affordability Calculator

$9,544
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Monthly Principal & Interest
$9,544
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/23/2026$1,550,000 Listed Price

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6901 Woodman Avenue, Van Nuys, CA, 91405 is a Lots and Land for sale at $1,550,000 with a lot size of 0.2298. 6901 Woodman Avenue is a studio with 0.0 baths. The property's zip code is 91405 which is in Van Nuys, CA