Active

6401 Whitman Avenue

Lake Balboa, CA 91406

$1,749,999 $7,378/Mo

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Overview

Bed

Bath

15,111

Sqft

6,133

Sqft(Lot)

Description

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 prop erty 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 a 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!

Property Details

Property Type : Residential Income

Price : $1,749,999

AD Id : 79259643

MLS Id : 26839055

Beds : 37

Lot Size : 6,133 Sqft

Living Area Size : 15,111

Year Built : 2026

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 37

Bathroom Information

Total Baths: 37 Full Baths: 0 Half Baths: 0
Cooling Features

Central Air Air Conditioning

Heating Source

Central Has Heating

Building Information

Year Built: 2026 Building Area Total: 15,111

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1408 Lot Size Dimensions: 55x113
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6133

Listing Price Information

Original List Price: 1,749,999 Listing Contract Date: 2026-05-26
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 2233006017

Garage and Parking

Garage Description: None

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: LKBL - Lake Balboa Postal Code Plus 4: 6039 Directions: Just east of Woodley on Victory, corner property Zoning: LARD1.5 Source Property Type: Residential Income Area: LKBL - Lake Balboa
Building and Construction

Property Age: 0 Year Built Source: Estimated Total Square Feet Living: 15111 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
7027 Gloria Avenue, Lake Balboa, CA, 91406	$899,900	3	2	1,581	1,581 SqFt
6648 Gaviota Avenue, Lake Balboa, CA, 91406	$1,199,000	4	4	2,659	2,659 SqFt
6648 Gaviota Avenue, Lake Balboa, CA, 91406	$1,199,000	--	--	2,659	2,659 SqFt
7426 Leescott Avenue, Lake Balboa, CA, 91406	$1,050,000	4	1	2,200	2,200 SqFt
17101 Gault, Lake Balboa, CA, 91406	$899,000	3	2	1,384	1,384 SqFt
17419 Cohasset, Lake Balboa, CA, 91406	$1,299,000	3	2	1,793	1,793 SqFt
17516 Cantlay, Lake Balboa, CA, 91406	$799,000	2	2	1,314	1,314 SqFt
6834 Shoshone, Lake Balboa, CA, 91406	$1,079,000	4	3	2,176	2,176 SqFt
6820 Jellico Avenue, Lake Balboa, CA, 91406	$875,000	3	2	1,169	1,169 SqFt
17630 Kittridge Street, Lake Balboa, CA, 91406	$1,050,000	3	1	1,675	1,675 SqFt

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ByOwner last updated this listing 06/12/2026 @ 10:07

MLS: 26839055 LISTED BY: Daniel Lalezari, Keller Williams Hollywood Hills 310-623-1300 SOURCE: CRMLS