Valley Village (VVL) Land for Sale

Valley Village (VVL) Land for Sale

Welcome to Valley Village, a hidden gem nestled in the heart of North Hollywood, California! This charming neighborhood is renowned for its picturesque tree-lined streets, vibrant community spirit, and a rich tapestry of culture that makes it a sought-after destination for both families and young professionals alike. With its close proximity to the bustling entertainment industry of Hollywood and the artistic vibe of NoHo, Valley Village offers the perfect blend of suburban tranquility and urban excitement.

As you explore the area, you’ll find an array of delightful parks, trendy cafes, and boutique shops that cater to a diverse lifestyle. The community is well-connected with excellent public transport options, making it easy to navigate around Los Angeles. Additionally, Valley Village is known for its top-rated schools, making it an ideal place for families looking to settle down in a nurturing environment.

Excitingly, we have land for sale in this coveted neighborhood! Whether you envision building your dream home or investing in a property with immense potential, this is an opportunity you won’t want to miss. The available land offers a blank canvas for your architectural aspirations, all while being surrounded by the charm and vibrancy of Valley Village.

Imagine waking up in a community that blends the best of both worlds—peaceful suburban living with the pulse of city life just moments away. Don’t let this chance slip by; seize the opportunity to create your own oasis in Valley Village today!

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.