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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 £2,676,731 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

DWG Capital Group is proud to exclusively present this 40-unit multifamily development at 23024-23026 Ventura Blvd, Woodland Hills, CA 91364 for sale. This undeveloped land property in Woodland Hills, California, just a few blocks east of the Calabasas city limits and next door to the Bowlero bowling alley, presents an excellent multi-use development opportunity for investors and developers. See the attached offering memorandum for details.

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

Property Facts

Price £2,676,731
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.43 AC

1 Lot Available

Lot

Price £2,676,731
Price Per AC £6,224,955
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.

Walk Score ®
Very Walkable (72)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2042-006-049
  • 2042-006-050
  • 2042-006-053
  • 2042-006-054
  • 2042-006-051
  • 2042-006-052
Land Assessment
£663,129
Improvements Assessment
£1,673
Total Assessment
£664,802

zoning

Zoning Code C1-1VLD
C1-1VLD
  • Listing ID: 31467275

  • Date on Market: 10/04/2024

  • Last Updated:

  • Address: 23024-23026 Ventura Blvd, Woodland Hills, CA 91364

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