About this home

RTI APPROVED PLANS | SHOVEL-READY DEVELOPMENT OPPORTUNITY | 4 TOWNHOME-STYLE UNITS + ADU | APPROX. 7,470 SF OF PROPOSED ZONING FLOOR AREA | 8 PARKING SPACES Exceptional opportunity for builders, developers, and investors to acquire a shovel-ready multifamily development site in the heart of Valley Glen, with fully approved, Ready-to-Issue (RTI) architectural and structural plans. Skip the lengthy design and entitlement process and move directly toward construction. Situated on a prime corner lot at Woodman Avenue and Bessemer Street, this approximately 5,912-square-foot, flat RD1.5-zoned parcel comes with plans for two three-story buildings featuring four townhome-style residences plus a ground-floor ADU, totaling approximately 7,470 square feet of proposed zoning floor area. The thoughtfully designed project includes eight parking spaces with convenient rear-alley access, maximizing functionality and street appeal. Ideally positioned for a developer seeking a build-and-sell opportunity or an investor looking to establish a long-term rental portfolio, the property benefits from strong connectivity and proximity to major employment, education, and transportation hubs. Just a short distance to the Woodman/Valley Glen Metro G Line station, with convenient connections to North Hollywood and the Metro B Line. Minutes from Los Angeles Valley College, the Van Nuys Civic Center, neighborhood parks, shopping, dining, and the 101, 405, and 170 freeways. With RTI plans in place, a desirable unit configuration, and an accessible central Valley location, this is a rare opportunity to bring a five-unit residential development to market without starting the approval process from scratch. Full architectural and structural plans available upon request. Buyer to independently verify all plans, approvals, permit status, square footage, zoning, and development details with the City of Los Angeles.

Facts and features

Schools

• Erwin Elementary School

  elementary · K-5 · 0.4 mi

  9

• Ulysses S. Grant Senior High School

  high · 9-12 · 1.0 mi

  5

• Louis D. Armstrong Middle School

  middle · 6-8 · 1.3 mi

  6

• Gifted Children Preschool and Kindergarten

  elementary · K · 0.2 mi

• Gifted Children

  elementary · PK-K · 0.2 mi

• Montessori House Of Children

  elementary · K-1 · 0.3 mi

Price history

• Oct 31, 2026 · Listing Removed—
• Oct 31, 2026 · Listed$1,195,000
• Oct 31, 2026 · Listed$1,195,000
• Oct 29, 2026 · Listed$1,195,000
• Feb 20, 2025 · Sold$1,080,000
• Oct 12, 2023 · Sold$1,040,000
• Aug 25, 2023 · Listed$1,150,000
• Jul 7, 2023 · Sold$900,000

Tax history

• 2025$13,036 tax · $1,101,600 assessed
• 2024$12,891 tax · $1,060,800 assessed
• 2023$1,652 tax · $110,223 assessed
• 2022$1,585 tax · $108,062 assessed
• 2021$1,556 tax · $105,944 assessed
• 2020$1,564 tax · $104,859 assessed
• 2019$1,515 tax · $102,804 assessed
• 2018$1,437 tax · $100,789 assessed

Home value

$1,207,800

• Cotality$1,207,800
• Collateral Analytics$1,183,000
• Quantarium$1,211,865

Where it is