Pleased to present 5511 Ethel Avenue, a 199-unit, 100% affordable, in-entitlement multifamily development opportunity in the heart of Sherman Oaks. This scale of affordable housing in such a high-barrier to entry Sherman Oaks location is exceptionally rare. In a submarket where new construction one-bedroom rents exceed $3,000, this project delivers urgently needed workforce and affordable housing, directly addressing the region's acute supply constraints for cost burdened renters. Property Designed by JZA Architecture, one of Los Angeles' leading firms specializing in large scale ED1 and 100% affordable housing projects, the proposed six-story community features an efficient stacked design that maximizes unit yield, constructability, and long-term operating efficiency. JZA's deep experience with Executive Directive 1 (ED1) and entitlement driven affordable housing ensures a thoughtfully executed plan that aligns with both policy requirements and modern design standards. The project delivers a highly efficient unit mix of 175 one-bedroom units, 14 two-bedroom units, five three-bedroom units, and five studios, creating a versatile and modern housing tailored for affordable and workforce households. While the development qualifies for no parking requirement, the project provides 147 on-site subterranean and 1st floor parking stalls, offering a significant competitive advantage in tenant convenience. Strategically located within a short distance of major transit routes, the site benefits from High Quality Transit Corridor status and direct access to Ventura Boulevard's retail and employment centers. Importantly, the property sits adjacent of Los Angeles Valley College (LAVC), a major regional institution serving more than 30,000 students annually, with no on-campus housing. This proximity positions the project to capture strong everyday demand, while also benefiting from LAVC's steady daytime population, workforce pipeline, and multi-year campus modernization investment. The presence of a large, stable educational anchor enhances the site's long-term relevance for affordable and workforce housing, supporting occupancy resilience and broad-based tenant demand. The surrounding submarket of Sherman Oaks continues to exhibit strong fundamentals for affordable and workforce housing, supported by diverse employment anchors, transit connectivity, and limited new supply due to zoning constraints. With new-construction one-bedroom rents now exceeding $3,000 per month, demand for attainable, income-restricted housing remains exceptionally high, further reinforcing the long term stability and absorption strength of this project.
Nestled in the sought-after Sherman Oaks Hills neighborhood south of Ventura Boulevard, this 0.16-acre vacant lot (approximately 7,106 square feet) presents an exceptional opportunity for developers, builders, or owner-users looking to create a custom residence in one of Los Angeles' premier areas. Zoned LAR1 (Low Residential, suitable for single-family homes), the property features a gentle upslope terrain, making it one of the more buildable lots in the region.Key highlights include pre-approved geology and soils reports, a recent survey, and architectural plans for a proposed 2,800 square foot modern homepositioning the site close to Ready-to-Issue (RTI) building permits for streamlined development. The lot's elevated position offers potential for captivating views of city lights and nearby greenbelts or parks, enhancing its appeal for a dream hillside retreat.This raw land parcel emphasizes value in its prime location, with easy access to Sherman Oaks' vibrant amenities, top-rated schools (including those in the Los Angeles Unified School District), hiking trails, and major freeways. No existing structures or fireplaces are present, providing a blank canvas for your vision. Seller is open to carry-back financing with agreeable terms.
Nestled in the sought-after Sherman Oaks Hills neighborhood south of Ventura Boulevard, this 0.16-acre vacant lot (approximately 7,106 square feet) presents an exceptional opportunity for developers, builders, or owner-users looking to create a custom residence in one of Los Angeles' premier areas. Zoned LAR1 (Low Residential, suitable for single-family homes), the property features a gentle upslope terrain, making it one of the more buildable lots in the region.Key highlights include pre-approved geology and soils reports, a recent survey, and architectural plans for a proposed 2,800 square foot modern homepositioning the site close to Ready-to-Issue (RTI) building permits for streamlined development. The lot's elevated position offers potential for captivating views of city lights and nearby greenbelts or parks, enhancing its appeal for a dream hillside retreat.This raw land parcel emphasizes value in its prime location, with easy access to Sherman Oaks' vibrant amenities, top-rated schools (including those in the Los Angeles Unified School District), hiking trails, and major freeways. No existing structures or fireplaces are present, providing a blank canvas for your vision. Seller is open to carry-back financing with agreeable terms.
Great downslope lot on one of the most iconic streets in the story of Los Angeles mid-century architecture! Offering a prime opportunity to build the home of your dreams and to join architectural history along Oakfield Dr. which is home to 17 Richard Neutra designed homes. Just off Beverly Glen Blvd, near Mulholland, this lot is one of five available contiguous lots, with sweeping views out over Beverly Glen Canyon, exploding out to the shimmering lights of the San Fernando Valley and the majesty of the San Gabriel Mountains in the distance. It offers an exceptional setting for bringing to life the home of your dreams in a historic and prestigious location. Priced to sell!
Vacant upslope lot with fantastic jetliner, panoramic views toward the west. This section of Oakfield Drive offers abundant privacy due to the geography. This lot is fully entitled, existing building plans are in place designed by the award winning boutique design firm O + L in Los Angeles. (oplusl.com) Seller will perform construction permit approval at Seller expense if desired by Buyer. This process is estimated to take between 4 - 6 months to be fully RTI approved. Please call for any additional information. Adjacent lot with plans also available for sale.
Vacant upslope lot with fantastic jetliner, panoramic views toward the west. This section of Oakfield Drive offers abundant privacy due to the geography. This lot is fully entitled, existing building plans are in place designed by the award winning boutique design firm O + L in Los Angeles. (oplusl.com) Seller will perform construction permit approval at Seller expense if desired by Buyer. This process is estimated to take between 4 - 6 months to be fully RTI approved. Please call for any additional information. Adjacent lot with plans also available for sale.
Prime location in Sherman Oaks hills! One of the few remaining lots available in this established neighborhood where homes sell between $2 and $6 million. The size is 0.32 acre or approximately 13,939 square feet. Electricity, water, sewer, gas, and telephone are available in the street. Los Angeles city zoning is Residential Estate, which allows one single-family home and possibly an accessory dwelling unit. The terrain is upslope from the street, and there are panoramic views from the top. The seller is an investor. The agent and the seller have not investigated building, so interested buyers should direct all questions related to construction to the City of Los Angeles, utility companies, architects, and contractors. Preliminary plans, geo report, and topographic survey from 2003-2006 are available.
Prime Vacant Land in the hills of Sherman Oaks City and Mountain Views! Discover the perfect opportunity to build your dream property on this expansive vacant land in the prestigious and coveted hills of Sherman Oaks. This unique parcel offers breathtaking views of both the city skyline and majestic mountains, making it a standout choice for discerning buyers and investors alike. The land has been professionally surveyed, ensuring a smooth and efficient process for future development. Gas, water and power are connected. As one of the last remaining prime lots in the area, this property presents a lucrative investment opportunity with potential for significant value appreciation. Don't miss out on this rare chance to secure a piece of prime real estate in the hills of Sherman Oaks.
Great opportunity to own a vacant lot in the heart of Sherman Oaks. Perfect for investors or families looking to build their dream home. The property offers endless potential in one of the most desirable neighborhoods in Los Angeles.
Priced to SELL quickly!!! This is a beautiful lot with gorgeous foliage and greenery. Gently sloping, nice size lot above street, in Sherman Oaks. Possible build up to 6000 sq ft+ with separate garage, pool and out buildings/ADU. Paper street in ravine could potentially be built out driveway and additional street parking but check with city. Please refer to the city for the possibilities of the land.
Prime residential unimproved land nestled in the serene hills of Sherman Oaks, offering an exceptional canvas for your dream residence. Take advantage of this rare opportunity to build your ideal home in a prestigious and sought-after location, south of Ventura Blvd. Situated at the end of a Newcomb Drive off of Dixie Canyon Place, this property enjoys a secluded and private setting, offering a retreat-like atmosphere away from the bustle of city life. The property's elevated position provides sweeping vistas of mountains, creating an idyllic setting for those seeking both tranquility and a connection with the scenic outdoors.
Prime residential unimproved land nestled in the serene hills of Sherman Oaks, offering an exceptional canvas for your dream residence. Take advantage of this rare opportunity to build your ideal home in a prestigious and sought-after location, south of Ventura Blvd. Situated at the end of a Newcomb Drive off of Dixie Canyon Place, this property enjoys a secluded and private setting, offering a retreat-like atmosphere away from the bustle of city life. The property's elevated position provides sweeping vistas of mountains, creating an idyllic setting for those seeking both tranquility and a connection with the scenic outdoors.
Surrounded by multi-million dollar custom homes this hillside land is just waiting for a new owner. Great opportunity to build the home of your dreams on this elite parcel of land in the coveted Sherman Oaks Hills. This property boast a superb location with all utilities available at the street. Close proximity to highly rated Buckley school and Fossil Ridge Park and only minutes to the Bel Air Glen Center and Ventura Boulevard trendy shops, restaurants, and nightlife entertainment. A one of kind opportunity for owner or developer to own a spectacular view lot in one of Sherman Oaks prime neighborhoods. Seller has all engineering plans including Geo, Soils, topography survey, biological resources report, and will provide upon request.
APN: 2274-020-019. Discover a rare opportunity to own a substantial 3.37 acre lot, zoned LARE15, in the heart of Sherman Oaks. This expansive lot is sloped and offers stunning city and canyon views nestled in a serene, quiet neighborhood near the Buckley School and Fossil Ridge Park. Lot is currently landlocked and buyer would need to purchase one of the neighboring lots that fronts Camino De La Cumbre to gain street access and facilitate development. Buyer to verify all information and rely on their own investigations.
APN: 2274-020-019. Discover a rare opportunity to own a substantial 3.37 acre lot, zoned LARE15, in the heart of Sherman Oaks. This expansive lot is sloped and offers stunning city and canyon views nestled in a serene, quiet neighborhood near the Buckley School and Fossil Ridge Park. Lot is currently landlocked and buyer would need to purchase one of the neighboring lots that fronts Camino De La Cumbre to gain street access and facilitate development. Buyer to verify all information and rely on their own investigations.
An extraordinary opportunity awaits in prime Sherman Oaks! This 10,924 SF vacant lot offers the ideal foundation for your dream home, complete with a geo survey and preliminary home designs to streamline the development process. For those seeking even more space, the adjacent lot is also available for purchase—offering a combined 24,326 SF to create an expansive estate. Paved streets and nearby utilities provide convenience, while the elevated setting allows for a seamless blend of modern architecture and natural beauty. Whether you envision a custom luxury home or an investment project, this lot offers unparalleled potential in one of Sherman Oaks’ most desirable neighborhoods.
An extraordinary opportunity awaits in prime Sherman Oaks! This 13,395 SF vacant lot offers the ideal foundation for your dream home, complete with a geo survey and preliminary home designs to streamline the development process. For those seeking even more space, the adjacent lot is also available for purchase—offering a combined 24,326 SF to create an expansive estate. Paved streets and nearby utilities provide convenience, while the elevated setting allows for a seamless blend of modern architecture and natural beauty. Whether you envision a custom luxury home or an investment project, this lot offers unparalleled potential in one of Sherman Oaks’ most desirable neighborhoods.
Just Reduced! Seller wants it sold! Just over 17,100 sq ft of land. Conveniently close to BHPO and Bel Air. Take advantage of this great opportunity! The seller has plans for a 1300 sq ft home with a 670 sq ft ADU virtually unheard of on a property that is zoned LAR1 build your panoramic view home with an ADU. Seller also has soils, report, topography survey a fantastic potential for a developer as well as an owner with vision. The best part is the land is at the end of the cul-de-sac and is in the outer corridor of the Mullholland Scenic Review Board. The seller also has the design to maximize the incredible views. This project was created by the renowned architect Ryana Knock who has designed to keeping cost of building to a minimum and meeting the guidelines of the Los Angeles Building Department as well as the Mulholland Scenic reviews guidelines. Check out the video and ask listing agent for additional information. Truly a bargain at the location with this price. Seller just wants it sold!
Sherman Oaks is located in California.
