Valley Village (VVL) Land for Sale

Valley Village (VVL) Land for Sale

**Discover the Charm of Valley Village: Your Dream Land Awaits!**

Nestled in the heart of Los Angeles County, Valley Village (VVL) offers a unique blend of suburban tranquility and urban convenience. This vibrant community is known for its tree-lined streets, friendly neighbors, and a rich tapestry of cultural diversity. With its close proximity to bustling areas like North Hollywood and Studio City, Valley Village provides residents with easy access to an array of dining, shopping, and entertainment options, making it a sought-after location for families and professionals alike.

Valley Village is not just a place to live; it’s a lifestyle. The area boasts excellent schools, beautiful parks, and a thriving arts scene, with numerous theaters and galleries nearby. The community hosts various events throughout the year, fostering a strong sense of belonging among its residents. Whether you’re strolling through the local farmer’s market or enjoying a leisurely afternoon in one of the many parks, Valley Village embodies the perfect balance of relaxation and excitement.

For those looking to invest in their future, we have prime land for sale in this enchanting neighborhood. Imagine designing your dream home or a chic modern retreat in a location that offers both serenity and connectivity. With a variety of lot sizes available, you can create a personalized oasis that reflects your unique vision.

Don’t miss this opportunity to be part of a community that celebrates both its rich heritage and its bright future. Explore the possibilities that Valley Village has to offer and make your mark in this thriving Los Angeles gem!

Newest Valley Village (VVL) Land for Sale

$2,950,000
26856035 MLS Active Status
We are pleased to present 4635-4639 Tujunga Avenue, a fully entitled affordable housing development opportunity located in the highly desirable Studio City / Valley Village corridor of North Hollywood. Situated on a 13,805 square foot site, the property is approved for a 58-unit income-restricted apartment community and qualifies for Tier 3 Section 8 rents. Positioned within a High Resource Area under the TCAC/HCD Opportunity Map and designated as a High Opportunity Area by HUD, the project offers developers meaningful advantages for tax credit scoring while enhancing long-term investment fundamentals. Delivered vacant and fully Ready-to-Issue (RTI), the project allows a developer to commence construction immediately without entitlement risk. All discretionary approvals have been completed, eliminating years of processing time, carrying costs, and approval uncertainty, allowing investors to focus on execution rather than entitlement. The approved plans feature a highly efficient six-story Type III-A building totaling approximately 37,930 square feet of residential area. By utilizing special code provisions that eliminate the need for a costly concrete podium, the design significantly improves construction efficiency and project economics. The thoughtfully designed unit mix consists of 55 one-bedroom units, 2 two-bedroom units, and 1 three-bedroom unit, maximizing efficiency while addressing the strong demand for affordable housing throughout the San Fernando Valley. Ideally positioned at the intersection of Studio City, Valley Village, and Toluca Lake, the property offers immediate access to some of Southern California's largest employment centers, including NBCUniversal, Warner Bros. Studios, Walt Disney Studios, and the broader Burbank Media District. The surrounding neighborhoods are characterized by predominantly higher-income single-family housing with limited affordable inventory, creating sustained demand from employees seeking quality workforce housing in a high-opportunity location. Recent updates to TCAC rent schedules, effective July 1, 2026, further strengthen the investment profile. Schedule IX now permits rents of up to $2,499 for one-bedroom units, while approximately 20% of the project's units designated under Schedule VI are eligible for rents of up to $2,247. These enhanced payment standards narrow the gap between restricted and market rents, improving project underwriting and supporting stronger long-term valuations. Additionally, developers pursuing maximum yield may realize further upside through Section 8 voucher participation. Combined with HACLA's continued support for voucher mobility into high-opportunity neighborhoods, the project offers a compelling opportunity to maximize stabilized income while delivering much-needed affordable housing in one of the Valley's strongest rental markets.

4635 Tujunga Avenue, North Hollywood

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.