This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

23024-23026 Ventura Blvd - NEW! 40U Resi/Live-Work Calabasas Adj Dev Opp

0.43 Acres of Residential Land Offered at £2,682,442 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 £2,682,442
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.43 AC

1 Lot Available

Lot

Price £2,682,442
Price Per AC £6,238,237
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

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}