10634 Whipple St 4 Unit Apartment Building $2,250,000 ($562,500/Unit) Toluca Lake, CA 91602

Located in the highly desirable Toluca Lake neighborhood, 10634 Whipple Street presents a rare and exceptional development opportunity in one of the San Fernando Valley’s most supply-constrained and sought-after markets. This 9,026-square-foot parcel currently hosts a four-unit multifamily property and is being offered with fully prepared plans for a 24-unit development, providing a significant advantage for developers ready to move forward quickly. Properties with this level of entitlement and potential in Toluca Lake are extremely limited, making this offering nearly impossible to replicate.
The site is surrounded by luxury new construction, high-end retail, and some of the strongest renter demand in Los Angeles. Its LAR3 zoning supports multifamily development, and the inclusion of plans accelerates the entitlement process, reducing time to market. The property’s strategic location offers excellent connectivity to major employment hubs, including Universal City, Burbank Media District, and Studio City, as well as convenient access to the 101, 134, and 170 freeways. With a walkable neighborhood feel, proximity to upscale dining, and strong demographics, this site is ideally positioned for a high-end multifamily project that will attract discerning renters and deliver long-term value for investors.