Valley Village (VVL) Land for Sale

Valley Village (VVL) Land for Sale

Welcome to Valley Village, California – a hidden gem nestled within the vibrant landscape of Los Angeles County. Known for its charming suburban feel and close-knit community, Valley Village is a delightful enclave that offers the perfect blend of tranquility and urban convenience. With tree-lined streets, picturesque parks, and a diverse array of local shops and eateries, this area is ideal for families, young professionals, and retirees alike.

Valley Village is conveniently located near major highways, making it easy to access the bustling heart of Los Angeles, while still providing a peaceful retreat from the city's hustle and bustle. Residents enjoy the benefits of nearby attractions such as the iconic Hollywood Bowl, the trendy shops of Studio City, and the cultural richness of the San Fernando Valley. The area is also home to some highly-rated schools, making it an attractive option for families looking to settle down.

For those seeking a piece of this charming community, we are excited to present a selection of land for sale in Valley Village. This is a rare opportunity to invest in a prime location where you can create your dream home or develop a flourishing property. With the growing demand for real estate in Los Angeles, acquiring land in Valley Village is not just a purchase; it’s a step towards building a legacy in one of California’s most desirable neighborhoods. Don’t miss your chance to be part of this vibrant community – explore our available land listings today and start envisioning your future in Valley Village!

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

Start Your Search

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.