UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26020795
HOA Y/N No
Lot Size 0.321 Acres
Property Description
HiLine, on behalf of Evexia Group, Inc., is offering a 46-unit senior affordable housing development opportunity located in Van Nuys, CA. Interested parties may participate through either a 50% equity partnership or an outright acquisition.
The Project consists of 100% one-bedroom, ADA-compliant senior units (age 62+) and benefits from government-supported rental income (HUD & Section 8) as well as Executive Directive 1 (ED-1), materially reducing entitlement timelines and development risk.
OPTION 1 – 50% EQUITY PARTNERSHIP
Equity Offered: 50% ownership interest
Total Equity Raise: $2,000,000
Minimum Investment: $100,000
Investment Horizon: Approximately 36 months
Investor Returns: 100% return of invested capital + $1,000,000 guaranteed return on the $2,000,000 equity raise
Total target investor payout: $3,000,000
Implied annualized return: ~16.66% Annual return
Returns may increase based on final sales price and net project performance.
OPTION 2 – OUTRIGHT PURCHASE
Purchase Price: $3,500,000
Opportunity to acquire the Project outright and control all future development, financing, and exit strategy.
PROJECT OVERVIEW
46-unit senior affordable housing development
100% one-bedroom units
Strong unmet demand / near-zero absorption risk
Government-supported income stream
Clear institutional exit strategy upon stabilization
This opportunity is well suited for investors seeking capital protection, defined returns, or full ownership of a mission-critical senior housing development in Los Angeles.
Full underwriting materials and the Private Placement Memorandum (PPM) are available upon request to qualified parties.
Location
State CA
County Los Angeles
Area Vn - Van Nuys
Zoning R3
Interior
Fireplace No
Exterior
Fence Chain Link
Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks
Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Present Use Multi-Family
Building
Lot Description Rectangular Lot, Street Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2329002009
Acceptable Financing Cash, Owner May Carry
Listing Terms Cash, Owner May Carry
Special Listing Condition Standard
Nearby School & Business
- 10
Colfax Charter Elementary
Public | KG - 5
- 9
Ararat Charter
Public | KG - 5
- 9
Dixie Canyon Community Charter
Public | KG - 5
- 8
Hesby Oaks Leadership Charter
Public | KG - 8
- 8
Kester Elementary / Magnet
Public | PK - 5
- 8
Sherman Oaks Elementary Charter
Public | KG - 5
- 8
Chandler Learning Academy
Public | KG - 5
- 7
Ivy Bound Academy of Math, Science, and Technology
Public | 5 - 8
- 7
Valor Academy Charter
Public | 5 - 8
- 7
Celerity Palmati Charter
Public | KG - 8
- 6
Riverside Drive Charter
Public | KG - 5
- 6
Monlux Elementary School
Public | KG - 5
- 5
Noble Avenue Elementary
Public | KG - 5
- 5
Alta California Elementary School
Public | KG - 5
- 5
Ranchito Avenue Elementary School
Public | KG - 5
- 5
Kittridge Street Elementary
Public | PK - 5
- 5
Erwin Elementary
Public | KG - 5
- 5
Coldwater Canyon Elementary School
Public | KG - 5
- 5
Strathern Elementary School
Public | PK - 5
- 5
Burbank Boulevard Elementary
Public | PK - 5
- 7
Walter Reed School
Public | 6 - 8
- 6
Millikan Middle School
Public | 6 - 8
- 5
Madison Middle School
Public | 6 - 8
- 4
Robert Fulton College Prep
Public | 6 - 12
- 4
Richard E. Byrd Middle School
Public | 6 - 8
- 4
Roy Romer Middle School
Public | 6 - 8
- 2
Vista Middle School
Public | 6 - 8
- 1
Van Nuys Middle School
Public | 6 - 8
- 0
Dubnoff Center for Child Development
Private | 7 - 12
- 0
Valley High School & Learn
Private | 7 - 12
- 0
Los Angeles Hebrew High School
Private | 7 - 12
- 0
Options for Youth-Hermosa Beach, Inc.
Public | 7 - 12
- 0
Emerson Academy
Private | 6 - 12
- 8
North Hollywood High School
Public | 9 - 12
- 7
Van Nuys Senior High School
Public | 9 - 12
- 6
CHAMPS - Charter High School of the Arts - Multimedia and Performing
Public | 9 - 12
- 6
Ulysses Grant High School
Public | 9 - 12
- 5
Valor Academy Charter High School
Public | 9 - 12
- 4
Francis Polytechnic Senior High School
Public | 9 - 12
- 2
Jack London Community Day
Public | 9 - 12
- 1
Panorama High School
Public | 9 - 12
- 0
Will Rogers Continuation
Public | 9 - 12
- 0
Cal Burke High School
Public | 9 - 12
- 0
St Genevieve High School
Private | 9 - 12
- 0
Notre Dame High School
Private | 9 - 12
- 0
Academy of Amherst Jr-Sr High School
Private | 10 - 12
- 0
Jack London Continuation
Public | 9 - 12
- 0
Coldwater Canyon Preparatory
Private | 9 - 12
- 0
Valley Torah High School
Private | 9 - 12
- 0
Valley Torah
Private | 9 - 12
- 0
Robert H. Lewis Continuation
Public | 9 - 12
- 0
Valley Torah High School Girls' Division
Private | 9 - 12
- 0
Amelia Earhart Continuation
Public | 9 - 12
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