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Prime location! Multifamily opportunity in an irreplaceable location in Sherman Oaks with no current Ellis act obligations. Ideal for luxury building or ED1 Project Approximately 50 Plus Affordable Units. 100% Affordable Project. The CHIP Ordinance contains the Affordable Housing Incentive Program ("AHIP"), which is applicable to 100% affordable housing projects. Since the Project Site is in the "Highest" Opportunity Area (as designated by the California Tax Credit Allocation Committee), a 100% affordable Project is allowed unlimited residential density, zero minimum automobile parking, a 33-foot height increase, and relief from any applicable roadway widening requirements. Up to five (5) Additional Incentives, on- or off-menu, plus one (1) Waiver of Development Standard, may be requested by the Project to achieve relief from applicable development standards (e.g., open space, setbacks, etc.) under various types of ministerial actions.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 9/30/2026 | Year Built | 0 |
|---|---|---|---|
| Community | SO - Sherman Oaks | County | Los Angeles |
Additional Details
| AREA | SO - Sherman Oaks |
|---|---|
| LOT | 7153 sq ft |
| LOT DESCRIPTION | Corner Lot, Level, Near Public Transit, Rectangular Lot |
| LOT DIMENSIONS | 7153 |
| SEWER | Public Sewer |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Equity Union
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