6901 Woodman Ave
- Ready To Issue Permits
- Majority 1 Bedroom Units
- 5-Story Type V-A Design
- Transit Growth Corridor
- Near Future Metro Rail
Property Description
The LAAA Team of Marcus & Millichap is pleased to present 6901 Woodman Avenue, a premier 55-unit affordable housing development opportunity. This project is 100% Ready-To-Issue (RTI), allowing a developer to immediately pull permits and commence construction without any further entitlement exposure. By leveraging City of Los Angeles Executive Directive 1 (ED1) and Transit Oriented Communities (TOC) incentives, the approved plans deliver a high-density residential project optimized for immediate execution in a supply-constrained rental corridor. The approved design features a cost-effective five-story, Type V-A wood-frame structure with a highly efficient unit mix of 51 one-bedroom units and 4 studios. To maximize ROI and minimize construction complexity, all units are stacked to reduce plumbing and structural costs, and the previous structure has already been demolished, making the site truly shovel-ready. Engineered under 2020 LABC and California Title 24 standards, the plans include zero on-site parking and full life-safety compliance, providing clear technical execution and significantly lowering the barrier to entry for new ownership. Strategically situated within an established residential neighborhood, the property offers a superior livability profile compared to typical commercial-heavy ED1 sites. The location is 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 proximity to major fixed-rail infrastructure positions the site within a high-growth transit corridor, ensuring long-term connectivity and sustained tenant demand for years to come.
Key Property Information
| Listing Status: | Available |
|---|---|
| Price: | $1,300,000 |
| No. of Units: | 55 |
| Lot Size: | 0.23 Acres |
| APN: | 2216-025-013 |
| Zoning Code: | LAR3 |
| Opportunity Zone: | No |
| Price per unit: | $23,636 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Filip Niculete | 818-212-2748 | [email protected] |
| Glen Scher | 818-212-2808 | [email protected] |
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