6552-6558 Woodman Ave - Residential LAND FOR SALE


Van Nuys, CA 91401 14,000 SF
$2,000,000 USD
818-290-7000
6552-6558 Woodman Ave, Van Nuys, CA for Sale
$2,000,000 USD
Residential LAND - FOR SALE
1/6
14,000 SF

6552-6558 Woodman Ave
Van Nuys, CA 91401


HIGHLIGHTS

  • PRIME VAN NUYS LOCATION
  • HUD & Section 8 support provides stable, reliable rental revenue
  • Expedited Entitlements via ED-1
  • Flexible Investment Structure
  • Attractive, Defined Investor Returns
  • Strong Market Fundamentals

OVERVIEW

Senior Affordable Housing Development – Equity Partnership for $2,000,000 or Outright Purchase for $3,500,000 HiLine, on behalf of Evexia Group, Inc., is offering a 46-unit senior affordable housing development opportunity located in Van Nuys, Los Angeles County, California. Interested parties may participate through either a 50% equity partnership or an outright acquisition. The Project consists of 100% one-bedroom, ADA-compliant senior units (age 62+) and benefits from government-supported rental income (HUD & Section 8) as well as Executive Directive 1 (ED-1), materially reducing entitlement timelines and development risk. OPTION 1 – 50% EQUITY PARTNERSHIP Equity Offered: 50% ownership interest Total Equity Raise: $2,000,000 Minimum Investment: $100,000 Investment Horizon: Approximately 36 months Investor Returns: 100% return of invested capital + $1,000,000 guaranteed return on the $2,000,000 equity raise Total target investor payout: $3,000,000 Implied annualized return: ~16.66% Annual return Returns may increase based on final sales price and net project performance. OPTION 2 – OUTRIGHT PURCHASE Purchase Price: $3,500,000 Opportunity to acquire the Project outright and control all future development, financing, and exit strategy. PROJECT OVERVIEW 46-unit senior affordable housing development 100% one-bedroom units Strong unmet demand / near-zero absorption risk Government-supported income stream Clear institutional exit strategy upon stabilization This opportunity is well suited for investors seeking capital protection, defined returns, or full ownership of a mission-critical senior housing development in Los Angeles. Full underwriting materials and the Private Placement Memorandum (PPM) are available upon request to qualified parties. ( Email Vartan@HiLineGroup.com or Call 323-833-8888 )

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/ACRE

$6,222,872/AC

PRICE/SF

$143 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.32 AC

LAND SF

14,000 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAR3

APN/PARCEL ID

2329-002-009,2329-002-010

ASK ABOUT THIS PROPERTY

Vartan AkopyanHi Line Real Estate ServicesMore Info
818-290-7000

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Vartan AkopyanHi Line Real Estate ServicesMore Info
818-290-7000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.