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  • 6401 Whitman Avenue

6401 Whitman Avenue, Lake Balboa, CA 91406

$1,749,999 Approx. USD 0 beds, 0 baths
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Photo of Lori Meltzer

Lori Meltzer REALTORĀ® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
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Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Daniel Lalezari | Dlalezari@gmail.com
Lic#: 01949474
Broker: Courtesy of Keller Williams Hollywood Hills
Phone: 310-650-4220

Agent Remarks

Welcome to 6401 Whitman, a fully entitled, RTI( Ready to Issue) permit project perfect for Developers, Investors, Contractors, Builders ready to pull permits and start building. This SHOVEL READY 100% Affordable ED1 project in Lake Balboa featuring 37 units including a manager's office that can be converted into a unit, 19-1 bedroom, 18- studios across a Type V, four story, fully stacked designed which features all wood frame floors on a corner lot. This design has significant savings in construction costs and time maximizing the most units with significantly lower construction costs compared to 5 stories and taller projects such as, Type III. Located in one of San Fernando valley's vibrant and high demand areas, Lake Balboa is just minutes to Encino, Sherman Oaks, Van Nuys and the property located directly across the street to Woodley park which is considered a high resource area on the map. The property is also directly across the street to the Orange Line and the freeway, while major shopping stores like Super King and COSTCO are very close by as well. Due to its central location, the area is within top employment hubs and is easy access to Encino, it is a highly desirable and attractive area that has lots of brand new construction apartments buildings nearby. The property is located in a TOC Tier 3 area because of it just a walk across the street to the Metro/Orange Line, making this very walkable and bike friendly. The stackable design features 15,111 square feet of livable area and 16,780 square feet of buildable area with units ranging from 268- 338 sq ft Studios and 352 to 465 sq ft- One bedrooms. Based on the most recent schedule 6 & 9 rents from the covenant, the total monthly rents from the 37 units would bring an estimated monthly gross income of $75,482 and yearly gross income of $905,784, or a buyer can look into achieving higher rents with Section 8 vouchers (buyer to verify). Each floor has a laundry room, outdoor bicycle area and storage. The property is currently a vacant land ready to start building right away, shovel ready!! The plans have no parking required, so developers don't have to pencil the high costs that come with on-grade parking, increasing additional significant savings to the project's construction costs and affordability. A developer can break ground right away and there has been a lot of money invested in the area, LOCATION, LOCATION, LOCATION. Each unit is designed for maximum affordability and optimized rental income. This development presents a ultra rare and immediate opportunity for developers to bring much-needed affordable housing to one of San Fernando Valley's most sought-after areas. BUYER TO VERIFY ALL!

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 26839047
Price: $1,749,999
Beds: 0
Baths: 0
0.14 acres
Lot size: 0.1408
County: Los Angeles
Zoning: LARD1.5
MLS area: LKBL - Lake Balboa

Last Updated: 6/3/2026

 Days On Market (DOM): 30

 Find more Lake Balboa homes and real estate

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This listing belongs to the LKBL - Lake Balboa MLS area

Lat/Long: 34.186884, -118.476758.
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Source: CRM. Also Available in 26839055,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Lori Meltzer

Lori Meltzer REALTORĀ® - Sales Associate 818-219-6366 m
818-933-2400 o
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com
Text Me
Call My Cell
Call My Office
Lic#: 01758105
NRDS ID: 207052810
lorimeltzer@bhhscal.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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