13840 Sherman Way - RTI - Build 86 Afford. Units on an Acre 1.03 Acres of Residential Land Offered at $3,999,999 in Van Nuys, CA 91405

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.