The offering represents an opportunity to acquire a mixed-use multifamily development site located at 5845 Sepulveda Boulevard in the highly desirable Sherman Oaks submarket of Los Angeles. The project is currently in the entitlement process and is anticipated to be delivered RTI (Ready-To-Issue permits) for the construction of an eight-story mixed-use building consisting of 80 residential units above ground-floor retail and structured parking. The proposed development program includes a well-balanced unit mix of studio, one-bedroom, and two-bedroom apartments designed to meet strong rental demand within the Sherman Oaks market. The project is planned to include approximately 2,258 square feet of ground-floor commercial space along Sepulveda Boulevard, providing active street frontage and the potential for neighborhood-serving retail. In addition to the proposed 80-unit development, the project presents a compelling value-add opportunity through the conversion of interior common areas into accessory dwelling units (ADUs), allowing the potential addition of approximately 20 ADUs following completion and issuance of the certificate of occupancy for the base project. This phased strategy allows a developer to construct and stabilize the 80-unit building and immediately increase density and rental income through ADU conversions after receiving the COO. The opportunity to expand the property to approximately 100 units provides meaningful long-term upside for ownership. Located along the Sepulveda Boulevard corridor in Sherman Oaks, the property benefits from strong multifamily fundamentals, limited new housing supply, and proximity to Ventura Boulevard’s retail and dining district, major employment centers, and regional transportation corridor. The seller plans on delivering the project with Ready-To-Issue permits along with plans and MEP for the ADU units, providing a developer the opportunity to immediately commence construction of a well-located multifamily asset with additional long-term value creation through ADU expansion.