East of Cornell Road / South of Agoura Road - Waring Ranch Estates
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East of Cornell Road / South of Agoura Road - Waring Ranch Estates
56.2 Acres of Residential Land in Agoura Hills, CA 91301
Investment Highlights
- ±56 Acres of Vacant Land in the City of Agoura Hills
- Final Recorded Tract Map #7661
- Situated in the Award-Winning Las Virgenes School District
- Build Up to 85 Homes on 64 Subdivided Lots
- Seller has a Cost Estimate for Horizontal Construction Costs
- The City of Agoura Hills Enjoys Exceptional Demographics
Executive Summary
CBRE, as exclusive agent, is pleased to present Waring Ranch Estates, a unique investment opportunity encompassing a total of 56 acres of vacant land in the highly sought-after city of Agoura Hills, California. This pristine property boasts 64 legally subdivided parcels via recorded Final Tract Map No. 7661, comprised of seven residential lots (zoned RS) covering approximately 1.3 acres and 57 open space-restricted lots (zoned OS-R) spanning around 54.9 acres.
Waring Ranch Estates provides the potential to develop up to 85 homes. The seven RS zoned parcels permit the by-right development of two main structures and two ADU structures per parcel for a total of 28 homes. The 57 OS-R zoned parcels require a conditional use permit with single-family dwelling units being a conditional use that may be permitted subject to approval from the Planning Commission.
With an average lot size of 8,248 square feet for the RS lots and 41,924 square feet for the OS-R lots, this development caters to the growing demand for larger ranch-style lots in Agoura Hills. The strategic advantage lies in the fact that there is no requirement to create a new tract map; instead, investors may focus on building the necessary infrastructure and securing development approvals. A construction estimate to get the parcels “Pad-Ready” was prepared by Pacific Coast Civil, Inc., and is located in the data room website. Once Pad-Ready, each parcel can then either be sold on the market to a retail buyer, or the developer can build up to 85 homes and sell them individually.
With access to the award-winning Las Virgenes Unified School District, a highly-educated populace, and exceptional income demographics, this offering presents a developer with a rare opportunity to enter a thriving real estate market with a well positioned property, offering immense potential for returns and long-term value.
Seller will consider the following purchase scenarios:
Outright sale of all parcels
Outright sale of select parcels (not all 64 lots)
Joint venture proposals
Other purchase scenarios
Waring Ranch Estates provides the potential to develop up to 85 homes. The seven RS zoned parcels permit the by-right development of two main structures and two ADU structures per parcel for a total of 28 homes. The 57 OS-R zoned parcels require a conditional use permit with single-family dwelling units being a conditional use that may be permitted subject to approval from the Planning Commission.
With an average lot size of 8,248 square feet for the RS lots and 41,924 square feet for the OS-R lots, this development caters to the growing demand for larger ranch-style lots in Agoura Hills. The strategic advantage lies in the fact that there is no requirement to create a new tract map; instead, investors may focus on building the necessary infrastructure and securing development approvals. A construction estimate to get the parcels “Pad-Ready” was prepared by Pacific Coast Civil, Inc., and is located in the data room website. Once Pad-Ready, each parcel can then either be sold on the market to a retail buyer, or the developer can build up to 85 homes and sell them individually.
With access to the award-winning Las Virgenes Unified School District, a highly-educated populace, and exceptional income demographics, this offering presents a developer with a rare opportunity to enter a thriving real estate market with a well positioned property, offering immense potential for returns and long-term value.
Seller will consider the following purchase scenarios:
Outright sale of all parcels
Outright sale of select parcels (not all 64 lots)
Joint venture proposals
Other purchase scenarios
Property Facts
| Sale Type | Investment | Property Type | Land |
| Sale Conditions | Portfolio Sale | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 56.20 AC |
| Sale Type | Investment |
| Sale Conditions | Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 56.20 AC |
1 Lot Available
Lot
| Lot Size | 56.20 AC |
| Lot Size | 56.20 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £7,979,093 | Total Assessment | £7,979,093 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£7,979,093
Improvements Assessment
£0
Total Assessment
£7,979,093
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Kadie Presley Wilson -
Kamran Paydar -
CBRE
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East of Cornell Road / South of Agoura Road - Waring Ranch Estates
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