5808 Etiwanda Ave - Develop up to 135 units or 9 RTI SLO Homes 0.46 Acres of Residential Land Offered at $2,495,000 in Tarzana, CA 91356

5808 Etiwanda Avenue offers a rare development opportunity in the heart of Tarzana, California. Situated on a ±20,167 SF lot (±19,898 SF after street dedication) and zoned LARD1.5-1, the property is pending Ready-To-Issue (RTI) for 9 small lot subdivision homes (to be delivered for buyer prior to close of escrow). Each planned home ranges from 1,861 to 1,882 SF and features 4 bedrooms, 3.5 bathrooms, a private 2-car garage, and individual patios and balconies—ideal for modern living.
Importantly, if a developer chooses to build and sell each home individually, each individual sale would not be subject to Measure ULA, providing a significant financial advantage.
In addition to the shovel-ready plan, the property holds tremendous potential with the option for the land to be re-entitled for a 100% affordable housing development supporting up to 135 units. Located within a Tier 4 SAFMR Section 8 Highest Resource Area, the site qualifies for enhanced density and public funding incentives—making it especially attractive for affordable housing developers.
The property sits in a great central location with easy access to the Orange Line Busway, Cedars Sinai Medical Center, Vons, Home Goods, CVS, TJ Maxx, LA Fitness, Gelson's, Coffee Bean and Tea Leaf, and many other retailers and restaurants. Whether pursuing a for-sale residential strategy or maximizing density through affordable housing, 5808 Etiwanda Avenue represents an exceptional opportunity in a infill location.