L A Developed Team is proudly presenting a truly rare, development-ready opportunity in the heart of the San Fernando Valley: a **±1-acre, all-flat site in Van Nuys fronting Sherman Way Blvd**, delivered with **RTI approvals for 86 affordable units** with **surface parking** and **Type V (wood-frame) construction**—a highly efficient, cost-effective product type that pencils well and builds fast. This is a **“ready-to-go” execution** for a private developer seeking certainty and speed. With entitlements in hand, the project offers a streamlined path to mobilization—reducing entitlement risk, holding time, and carrying costs versus typical Valley infill deals. The **flat, usable acreage** supports **simpler site logistics**, efficient staging, and straightforward grading—another meaningful time-and-cost advantage. **Why this matters to a private developer (NOT an ED1 project):** Unlike ED1-driven deals that can face heightened policy volatility, shifting interpretations, or political pushback, this opportunity provides a **more predictable, financeable entitlement profile** with **clear approvals and fewer moving parts**—ideal for sponsors prioritizing certainty, schedule control, and clean execution. Private developers benefit from: * **Lower entitlement/appeal risk** relative to “rush-to-file” programs * **Cleaner underwriting** with defined scope and approvals * **Greater timeline reliability** for debt/equity partners * **Faster start** and reduced carrying costs * **Type V construction**: typically faster and more cost-efficient than podium/high-rise alternatives **Location & Demand Drivers:** Van Nuys continues to see strong rental demand and long-term housing need, supported by proximity to major employment corridors, transit connectivity, and daily retail services along Sherman Way. **Highlights:** *±1 acre, all flat* (rare Valley infill scale) *RTI for 86 affordable units* *Surface parking* (efficient, lower-cost parking solution) *Type V construction* (wood-frame efficiency) *Prime Van Nuys / Sherman Way Blvd frontage* *Development-ready*: reduced time to groundbreaking Confidentiality / Next Steps: Full RTI plan set and due diligence package available to qualified buyers upon execution of a CA. Call for pricing, offering guidance, and access to documents. DOWNLOAD the OM here: https://drive.google.com/file/d/12BdI1aFBRtmkFHvDrTR8ediPhC-27Xiz/view? Spanning approximately 44,700 square feet, this offering equates to under $90 per square foot of land. Positioned with access from Sherman Way and tucked behind a duplex that fronts the boulevard, the site combines visibility on a major thoroughfare with a buffer from heavy street activity. Nestled between Woodman Avenue and Hazeltine Avenue, it lies under two miles from the Metrolink Station. Designated TOC Tier 1, the location earns a “Very Walkable” score, surrounded by restaurants, shops, and daily conveniences — including Ralphs Supermarket and Norms Restaurant just half a block away. The entitlements were granted under the Density Bonus & Affordable Housing Incentives Program through a Letter of Compliance, securing approval for affordable housing without reliance on ED1. The property will be delivered as-is, not RTI, with buyers responsible for advancing the project through LADBS approvals. The plan allocates 67 units for Very Low-Income households, 18 for Moderate Income households, and one manager’s unit. The Type V design includes 53 one-bedrooms, 14 two-bedrooms, and 19 studios, with laundry rooms on each floor, 72 surface-level parking spaces, an elevator, and rooftop access. There’s also potential to convert a portion of the open surface parking area into ADUs in the future. The site is located within a Qualified Census Tract (QCT), offering added opportunities for funding incentives.