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23024-23026 Ventura Blvd - NEW! 40U Resi/Live-Work Calabasas Adj Dev Opp
0.43 Acres of Residential Land Offered at £2,664,559 in Woodland Hills, CA 91364
Investment Highlights
- Calabasas Adjacent! Right by Metro Local Line 161 at the Ventura/Caltrans Station
- Easy access to various amenities, including shopping centers, restaurants, and entertainment options all near the Warner Center
- The area, with over 187,000 residents and an average household income exceeding $82,898, features a walk score of 89, indicating excellent walkability
- Located between the Ventura Blvd and Highway 101 just east of Valley Circle Blvd.
- 35 Units + 5 live/work spaces with 55 parking spaces
- Six-story building, standing 68 feet tall, features a diverse unit mix for professional and eco-friendly needs
Executive Summary
PRIME DEVELOPMENT OPPORTUNITY | ±40 UNITS (35 MULTIFAMILY UNITS + 5 LIVE/WORK UNITS) | 23024-23026 VENTURA BLVD, WOODLAND HILLS, CA 91364
PRICE: $3,399,800 / OBO
PRICE/UNIT: ±$84,995 per un-entitled unit
LOCATION: Highly desirable, high-traffic area (Calabasas adjacent) ideal for a live/work rental community
NEW 40-UNIT LIVE/WORK DEVELOPMENT
Purchase & Profit Building Into a Vibrant Development Area Already Underway at the Calabasas Border!
INVESTMENT HIGHLIGHTS:
Location: 23024-23026 Ventura Blvd
Zoning: C-1 use
Parcel Size: 1 parcel totaling approximately 18,774 square feet
Proposed Building Area: 35,309 square feet
Units: 40 units (35 standard apartment units and 5 ground floor retail/office live/work spaces)
Parking: Ample parking with 55 spaces
Cost: $3,399,800 ($84,995 per un-entitled unit)
EXCELLENT LOCATION:
Prime Location: Located in a highly desirable area in Woodland Hills, California, between Ventura Blvd and Highway 101, just east of Valley Circle Blvd.
Accessibility: Easy access to shopping centers, restaurants, entertainment options, and the Warner Center.
Public Transportation: Short walk to the Metro Local Line 161 at the Ventura/Caltrans Station.
Nearby Amenities: Minutes away from the higher-income area of Calabasas, known for its upscale residential communities, high-end shopping, and scenic surroundings.
PROPERTY SPECIFICATIONS:
Price/Parcel: $566,633/parcel
Price/SF: $181/SF
Type & Zoning: C-1
Lot Size: 18,774 SF
Units: 35 units + 5 live/work spaces
DWG Capital Group
Phone: 972.738.8586
Email: jdunning@dwg-re.com
Our team looks forward to your continued business in 2024.
Specializing in:
Multifamily | Development | Industrial | Office | Retail | Debt & Equity
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | £2,664,559 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Price | £2,664,559 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.43 AC |
1 Lot Available
Lot
| Price | £2,664,559 | Lot Size | 0.43 AC |
| Price Per AC | £6,196,649 |
| Price | £2,664,559 |
| Price Per AC | £6,196,649 |
| Lot Size | 0.43 AC |
The property is located at 23024-23026 Ventura Blvd and is zoned for C-1 use. It is situated on 1 parcel, totaling approximately 18,774 square feet, providing ample space for innovative design and construction.
Description
The property is located at 23024-23026 Ventura Blvd and is zoned for C-1 use. It is situated on 1 parcel, totaling approximately 18,774 square feet, providing ample space for innovative design and construction. The proposed building encompasses a total area of 35,309 square feet. The development plan includes the construction of 40 units, consisting of 35 standard apartment units and 5 ground floor retail/office live/work spaces and ample parking with 55 spaces. The total sale price is $3,399,800 which equates to an attractive price of $84,995 per un-entitled unit.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £1,662 | |
| Land Assessment | £658,708 | Total Assessment | £660,370 |
PROPERTY TAXES
zoning
| Zoning Code | C1-1VLD |
| C1-1VLD |
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Judd Dunning -
Ryan Billings -
DWG Capital Group
Presented by
23024-23026 Ventura Blvd - NEW! 40U Resi/Live-Work Calabasas Adj Dev Opp
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