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RTI Development Site | 9 Small Lot Homes

$3,500,000

5808 Etiwanda Avenue, Los Angeles, CA 91356

Active
Last Updated: 04/15/2025

19,898 sqft

Lot Area

175.9

Price Per Sqft

Details:
Lot Area:    19,898 sqft
Price Per Sqft:    $175.90
Zoning:    (T)(Q)RD1.5-1
Permits:    Yes
Buildable Area:    20,952 sqft
Construction Status:    RTI
Highlights:
  • RTI for 9 Small Lot Homes
  • 3-Story, 4 Bed 3.5 Bath Units
  • Modern Design, 2-Car Garage
  • Approx. 2,140 SF Per Home
  • Private Patios and Balconies
  • Prime Location, Great Access
Description:

The LAAA Team of Marcus & Millichap is pleased to present a rare RTI (Ready-to-Issue) development opportunity at 5808 Etiwanda Avenue, ideally located in the heart of Tarzana, CA. This fully entitled project features approved plans for the construction of nine detached single-family small lot homes on a 19,898-square-foot parcel.

Each home is designed as a modern, three-story residence with four bedrooms, three-and-a-half bathrooms, and an attached two-car garage. The site plan is optimized for efficient land use while offering a thoughtful mix of layouts to appeal to both owner-occupiers and investors.

The project provides several strategic advantages:
-No ULA transfer tax upon sale of individual homes, minimizing exit costs for developers.
-Ideal for entry-level homebuyers seeking attainable single-family living in a high-cost area.
-Strong potential as a build-to-rent investment, with projected rental income offering attractive yields.

With RTI plans in hand, developers can break ground immediately and capitalize on strong housing demand in one of Los Angeles' most supply-constrained submarkets.

Tarzana is a highly sought-after neighborhood in the San Fernando Valley, offering a balance of suburban comfort and urban access. Residents at 5808 Etiwanda Avenue will benefit from proximity to the 101 & 405 Freeways, the Orange Line Transit Corridor, and Ventura Boulevard, providing convenient access to major job centers, top-rated schools, shopping, parks, and recreation.

A key attraction is the nearby Providence Cedars-Sinai Tarzana Medical Center, which is undergoing a $448 million modernization—the largest healthcare investment in Valley history. The “Tarzana Reimagined” project includes a new patient tower, main entry, parking structure, and over 400,000 square feet of upgraded clinical space. This redevelopment not only enhances local healthcare but also brings new jobs and long-term value to the area.

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Documents:
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5808_Etiwanda_-_OM.pdf
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