We are proud to present for sale a Ready-to-Issue ED1-vested 133 Unit Affordable Housing Project on a massive 32,681 SF corner lot in a low-density area. Designed with efficiencies in mind, this fully stacked on-grade design features 107 1+1 and 26 2+1 units (for a total of around 73,277 SF of rentable space), along with large Recreation Rooms (one of which could be used as a Fitness Room), a large PATH Office space, a Leasing office, large Bike Storage, additional rentable storage areas, and 35 side-by-side parking spaces inside the project with potential for 10 more spaces behind the building. The design features garage access exclusively from the alley. The property is located in a residential neighborhood with a storage business next door, which should keep things on the quiet side. The area is on a schedule to bring massive changes, with the coming arrival of the East San Fernando Valley Light Rail Transit Project, with a planned station at Woodman and Van Nuys, potentially less than half a mile away! The Light Rail will connect to the Orange / G Line, which connects to the Red / B Line as well as MetroLink, opening access to the greater Los Angeles area without the need of a car! Close to the 405 and the 5 freeways, this property is directly north of the Primestor High-Rise Complex Project at Panorama Mall, which will bring 4.5 million square feet of housing, hotel and commercial uses to the area, which already has many jobs and a high demand rental market! The property is also walking distance to parks, supermarkets, restaurants and Arleta High School. Listing includes two APNs: 2650-021-004 and 2650-021-005.

Large parcels that can ideally can be developed into unlimited density affordable housing using AB1763 or AB2334. The property is in an infill location close to schools, parks, public transportation and shopping. Price includes 9217 Tobias (APN 2651-008-009) which is zoned RA and is improved with a single family home that is currently rented on a month to month basis.