9441 - 9459 N. Sepulveda Blvd., 15420 W. Plummer St.

Located at the SEC of Sepulveda Blvd. and Plummer St., the property represents a compelling affordable housing development opportunity in the central San Fernando Valley. The site benefits from a dense infill location with access to major employment centers, public transit, neighborhood-serving retail, and a large renter population that continues to drive demand for affordable housing. As a designated Housing Element Site eligible for TOC, State Density Bonus Law, and LA CHIP/AHIP incentives, the property offers a clear path to increased density, additional height, and reduced parking requirements. The surrounding area has emerged as a proven affordable housing corridor, highlighted by the recent completion of Mission Gateway, a 356-unit income-restricted community on Sepulveda Boulevard, as well as nearby affordable housing developments including New Directions Sepulveda I & II, Plummer Village, Rayen Apartments, and Woodland Terrace. Together, these projects have added hundreds of affordable housing units within approximately one mile of the site, validating the location's suitability for affordable housing and demonstrating continued public and private investment in addressing the region's housing shortage...