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13840 Sherman Way
Van Nuys, CA 91405
Dario Svidler with Keller Williams Beverly Hills, original listing - (310) 272-8002

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Property Details


List Price: $4,575,000
Beds: --
Baths: --
Status: Active
SqFt: --
Agency: Keller Williams Beverly Hills
Agency Phone: (310) 432-6400

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Description/Comments


Lot Size: 1 acre(s)
Property Type: Land-Other
Year Built: --
Notes: We are proud to present for sale a rare Vacant Lot, measuring over an Acre, with Entitlements for an 85-Unit 100% Affordable Housing Project in Van Nuys! At around 45,700 SF of open land, this price pencils to around $100 PSF on the dirt! Situated with an entrance on Sherman Way but sitting behind a duplex fronting the boulevard, this property will benefit from visibility on a busy road, but separation from the hustle and bustle of the street traffic. Sandwiched between Woodman Ave. and Hazeltine Ave., the property is under two miles from the Metrolink Station. The property is labeled as TOC 1. Walk Score calls this area Very Walkable, and future residents will benefit from restaurants, shopping and markets all around, including a Ralphs Supermarket and a Norms Restaurant half a block away. Entitlements are approved as Affordable Housing without utilizing ED1. The Project will be delivered in it's as-is condition, and will not be delivered RTI. Buyers to be solely responsible for continuing with the project and getting LADBS approvals. The Entitlements call for 80% of the units (67 units) designated as Low Income / Schedule 9, 20% of the units (18 units) as Moderate Income / Schedule 6, and one manager's unit. The Type V design consists of 53 one bedrooms, 14 two bedrooms and 19 studios, with laundry rooms on each floor, 72 surface level parking spaces open to the sky, an elevator and rooftop access. There is a future possibility to convert part of the massive open-to-the-sky surface parking lot into ADUs.
MlsNumber: --
ListingId: 25-482263


Listing Provided By: Keller Williams Beverly Hills, original listing
Office Phone: (310) 272-8002
Agent Name: Dario Svidler
Disclaimer: Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Local Real Estate Expert

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Ken Sisson
ASCIIColdwell Banker Realty Studio City
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