We are pleased to present 6701 Woodley Avenue, a unique 17-unit multifamily / condominium development opportunity in prime Lake Balboa, California. The property is comprised of approximately 0.29 acres (13,004 SF) lot area zoned R3-1-RIO. With rear alley access and current zoning, a developer can build up to 17 units "By Right." If a developer plans to utilize a California State Density Bonus, one can potentially build up to 23 units.6701 Woodley Avenue is ideally located in the epicenter of the South San Fernando Valley, which boasts high-profile demographics, dense immediate population, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential.
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