13840 Sherman Way, Van Nuys, CA 91405

Van Nuys
Local realty services provided by:ERA North Orange County Real Estate
13840 Sherman Way,Van Nuys, CA 91405
$3,500,000
  • 1.05 Acres
  • Lots / Land
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26998707
Source:CRMLS

Price summary

  • Price:$3,500,000

About this home

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 manager's unit, along with 57 on-site parking spaces, two elevators, a rooftop deck, and approximately 8,950 square feet of open space.A key investment advantage is the project's advanced entitlement...

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Home facts

  • Listing ID #:26998707
  • Added:18 day(s) ago
  • Updated:October 27, 2026 at 11:33 AM

Structure and exterior

  • Lot area:1.05 Acres

Finances and disclosures

  • Price:$3,500,000
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