13840 Sherman Way
Van Nuys, CA 91405
45,854Sqft(Lot)
We are pleased to present 13840 Sherman Way, a Ready-to-Issue (RTI), 86-unit affordable housing development opportunity situated on approximately 1.05 acres (45,755 square feet) in Van Nuys, California. Offered at $3,500,000, the property presents developers with an opportunity to acquire a fully entitled, permit-ready project at an attractive land basis of $40,698 per approved unit and $76.49 per land square foot.Approved under California's AB 2334 Density Bonus Law and SB 330, the development consists of a four-story, Type V-A wood-frame building totaling approximately 49,972 gross square feet. The approved unit mix includes 21 studios, 50 one-bedroom units, 12 two-bedroom units, and three three-bedroom units. The project incorporates 85 income-restricted residences and one unrestricted
Property Details
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Map
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Features
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Lot Information
Lot Dimensions: 154x292 Main Square Feet: 45854 Lot Size Acres: 1.0527 Lot Size Square Feet: 45,854
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Listing Price Information
Listing Price: $3500000
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Tax Information
Parcel Number: 2216032032
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Location Information
Direction: East of Hazeltine Ave and West of Woodman Ave, on Sherman Way.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 6901 Woodman Avenue, Van Nuys, CA, 91405 | $1,400,000 | -- | -- | -- | 10,008 Sq. Ft(Lot) |
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ByOwner last updated this listing 10/10/2026 @ 05:01
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