The Worst Time to Sell Multifamily Land in Los Angeles? Let’s Talk.

If you’ve read the recent Los Angeles Times article, “Almost no one is building new apartments in Los Angeles. Here’s why,” you already know: multifamily construction in Los Angeles has hit a wall.

Developers are pressing pause. Institutional investors are heading for cities with simpler rules. Construction costs are skyrocketing. And even though housing demand in Los Angeles is at an all-time high, the economics just don’t pencil out.
So… with all that doom and gloom, why on Earth are we selling prime multifamily development land in Van Nuys right now?
Good question. We ask ourselves the same thing.

A Rare Multifamily Development Site in Van NuysWe’re bringing to market a vacant parcel of land zoned for multifamily development — an infill site ideal for a future apartment project or mixed-use opportunity.

You can view the full property details here on LoopNet:
https://www.loopnet.com/Listing/6167-Sylmar-Ave-Van-Nuys-CA/37708458/

Located in the heart of Van Nuys, California, this Los Angeles multifamily land for sale offers strategic positioning near major employment centers, transit corridors, and established residential communities. It’s a prime site — just waiting for the right investor with long-term vision.

Yes, the Los Angeles Apartment Market is ToughAccording to the LA Times, new apartment construction in Los Angeles has dropped by nearly 30% in three years, with fewer than 19,000 units currently under construction — the lowest level in over a decade.

Developers say they simply can’t make the numbers work. Between high interest rates, construction material costs, and regulatory hurdles, even well-capitalized builders are stepping back.

But here’s the thing — that’s exactly why savvy real estate investors are quietly making moves now.

Why This Land Still MattersSmart investors aren’t betting on today’s market — they’re positioning for the next one.

This is a land-banking opportunity for those who understand that Los Angeles multifamily real estate always rebounds.

When financing stabilizes and demand surges back, well-located parcels like this will be the first to move. As one developer quoted in the LA Times put it:

“We’re viewing this as a time to buy multiple land sites to be ready for the next cycle.”

A Low-Pressure InvitationSo, who knows?  Maybe the timing looks crazy. Maybe that’s the point.

If you (or your client) have an interested party who wants to make an offer — we’d be happy to chat. 

​You can view the full property details here on LoopNet:
https://www.loopnet.com/Listing/6167-Sylmar-Ave-Van-Nuys-CA/37708458/

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About Matt Winefield
Matt Winefield is an environmental engineer–turned–brownfield investor and the founder of Winefield & Associates. For 30‑plus years he has transformed contaminated, blighted sites into profitable infill assets through cost‑conscious remediation, creative agency negotiations, and third‑party cost‑recovery strategies. Matt partners with investors who see hidden value where others see risk. 

Learn more about Matt

Email:  [email protected]
Website:  winefieldinc.com
Phone:  (562) 618‑0037 

Connect with Matt:
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