0 Archwood St Van Nuys, CA 91406

This 1.18 acre flat corner site is walking distance to one of Los Angeles' largest recreation amenities; Sepulveda Basin. The development of multiple residential product typologies are possible on the site from traditional single family + SB9 to dense forms of deed restricted apartments leveraging state bonus density policy. No tree, tenants, or structures exist on this rare flat corner site. By leveraging density bonus (with or without concurrent subdivision processing), a coveted BTR townhome product typology is feasible. Additionally, an architect versed in affordable housing has conducted a yield study affirming viability of a nearly 1:1 ratio grade-level parked (podium and surface) 132-unit type V apartment building with 132 comfortably sized units. Using the City's Affordable Housing Incentive Program (AHIP) the project will be ministerially processed using Expanded Administrative Review.