We are excited to offer a premier opportunity to acquire a Ready-to-Issue (RTI), 91-unit, fully Affordable Housing Development, set on a spacious 16,010 SF lot in the highly sought-after and rapidly evolving Reseda neighborhood. This prime site is perfectly situated for accessibility, just moments away from key local destinations like the Van Nuys Airport and Warner Center, providing seamless access to transportation, shopping, and major employment centers. Designed for both efficiency and cost-effectiveness, this 4-story, stacked on-grade development features a thoughtfully planned unit mix, including 23 studios, 62 one-bedroom units, and 6 two-bedroom units, offering approximately 42,011 SF of buildable space. Set in a primarily residential area, the site offers excellent street parking availability, as well as a walkable environment with essential services and public transit just a short stroll away. The project benefits from eligibility for participation in the HCD Schedule VI moderate-income and TCAC Schedule IX low-income programs, both of which are standard for 100% affordable housing developments in Los Angeles. With the potential to attract Section 8 voucher tenants, rental income could increase by as much as 20% per unit, providing significant financial upside. A standout feature of this development is its zero parking requirement, resulting in substantial cost savings and a streamlined, transit-friendly design. With a Walk Score of 88, the neighborhood is rated as "Very Walkable," making it a perfect location for residents who prioritize ease of access to transit and daily amenities. This is an exceptional opportunity for investors looking to capitalize on one of Los Angeles' most promising affordable housing projects.
Lot/land
Price cut: $400K (7/24)
$4,100,000
6834 Baird Ave, Reseda, CA 91335
--beds
--baths
0.37Acres
Unimproved Land
Built in ----
0.37 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Excellent street parking availabilityWalkable environmentZero parking requirement
- 129 days
- on Zillow |
- 47 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 06:21am
Listed by:
Jordan Petito DRE # 02023714 310-497-4362,
Keller Williams Beverly Hills 310-432-6400,
Dario Svidler DRE # 01884474 424-600-7633,
Keller Williams Beverly Hills
Source: CLAW,MLS#: 25-478485

Travel times
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 0.37 Acres
- Dimensions: 100 x 160
Details
- Parcel number: 2126022005
- Zoning: (T)[Q]RAS4-1L-CDO-RIO
- Special conditions: Standard
Community & HOA
Location
- Region: Reseda
Financial & listing details
- Tax assessed value: $571,200
- Annual tax amount: $7,216
- Date on market: 3/26/2025
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