Thank you
John 'judd' Dunning
John Barker Dunning
310-261-8428
--INVESTMENT HIGHLIGHTS-- DWG Capital Group is proud to exclusively present the 6-parcel land assemblage at 23024-23026 Ventura Blvd, Woodland Hills, CA 91364 for sale. This undeveloped land property in Woodland Hills, California, presents an excellent multi-use development opportunity for investors and developers. --DEVELOPMENT STATISTICS-- The property is located at 23024-23026 Ventura Blvd and is zoned for C-1 use. It is situated on 6 parcels, totaling approximately 18,774 square feet, providing ample space for innovative design and construction. The proposed building would encompass a total area of 35,309 square feet, complying with a floor area ratio (F.A.R.) of 1 to 1. The development plan includes the construction of 40 units, consisting of 35 standard apartment units and 5 ground floor retail/office live/work spaces. The estimated cost is $84,995 per un-entitled unit, resulting in a total cost of $3,399,800.Buyer is encouraged to perform their own due diligence. --EXCELLENT LOCATION-- The property is situated in a highly desirable location in Woodland Hills, California. It is located between the popular Ventura Blvd and Highway 101 just east of Valley Circle Blvd, which offers easy access to various amenities, including shopping centers, restaurants, and entertainment options all near the Warner Center. The property is also conveniently located just a short walk from the Metro Local Line 161 at the Ventura/Caltrans Station, which provides access to public transportation. Additionally, the property is just minutes away from the higher-income area of Calabasas, which is known for its upscale residential communities, high-end shopping, and scenic surroundings. --STRONG RENTAL SUB-MARKET-- The area has over 187,000 residents, with an average household income exceeding $82,898in the Northwest/Canoga Park, Winnetka & Woodland Hills area. Additionally, the location has an extremely robust workforce in its dense infill location, with a walk score of 89, indicating excellent walkability. The area is particularly attractive to millennial renters, with nearby projects such as The Q on Variel and The Q on Glade projects commanding rents of over$4.21 per square foot and other nearby projects benchmarking nearly $4+ per square foot rent. The growth and development in the submarket of Woodland Hills make it an attractive location for potential tenants and buyers, making it a highly competitive real estate market.
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Total Baths: 0
Full Baths: 0
Half Baths: 0
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0718
Lot Size Source: Survey
Lot Size Square Feet: 3129
Original List Price: 3,399,800
Listing Contract Date: 2024-03-04
Listing Agreement: Seller Reserved
Parcel Number: 2042006049
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: WHLL - Woodland Hills
Directions: Just north of the 101 east of Valley Circle Blvd near Warner Center. Just blocks away from the Calabasas city limits.
Zoning: C1
Source Property Type: Land
Area: WHLL - Woodland Hills
Year Built Source: Vendor Enhanced
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4741 Burgundy Road, Woodland Hills, CA,91364 | $680,000 | -- | -- | -- | 14460 Sqft |
Elzevir Rd & Morro Dr R.., Woodland Hills, CA,91364 | $124,998 | -- | -- | -- | 5492 Sqft |
4256 Rosario Road, Woodland Hills, CA,91364 | $1,399,000 | 4 | 2 | 1,347 | 3392 Sqft |
21437 W Iglesia Drive, Woodland Hills, CA,91364 | $121,000 | -- | -- | -- | 6946 Sqft |
4938 Medina Road, Woodland Hills, CA,91364 | $1,199,997 | 3 | 3 | 1,811 | 10057 Sqft |
4773 Cerrillos Drive, Woodland Hills, CA,91364 | $319,000 | -- | -- | -- | 39158 Sqft |
5105 Escobedo Drive, Woodland Hills, CA,91364 | $399,000 | -- | -- | -- | 7743 Sqft |
4601 Ensenada Drive, Woodland Hills, CA,91364 | $299,000 | -- | -- | -- | 6124 Sqft |
4624 Abargo Street, Woodland Hills, CA,91364 | $199,900 | -- | -- | -- | 4883 Sqft |
4320 San Blas Avenue, Woodland Hills, CA,91364 | $212,000 | -- | -- | -- | 5911 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 11:34
MLS: 24368849
LISTED BY: John 'Judd' Dunning, John Barker Dunning
SOURCE: CRMLS
Buyer Agency Compensation: 4%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.