23024 Ventura Boulevard
$3,399,800
3,129 / 0.07
Description
--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...--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.
- Listed by John 'Judd' Dunning • DRE #01520854 • Brokerage DRE #01520854 • John Barker Dunning
Property Details for 23024 Ventura Boulevard
Water Front
None
ZoningC1
Parcel Number2042006049
AreaWoodland Hills (WHLL)
Lot Size Area3129
Source Lot Size AreaSurvey
Assessor Parcel Number2042-006-049
DirectionsJust north of the 101 east of Valley Circle Blvd near Warner Center. Just blocks away from the Calabasas city limits.
LISTING UPDATED: 09/30/2024 09:44 AM
Property Details for 23024 Ventura Boulevard
Status | Active |
---|---|
MLS # | 24-368849 |
Days on Market | 265 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.07 AC |
County | Los Angeles County |
Building Information for 23024 Ventura Boulevard
Lot Size0.07 AC
Property Information for 23024 Ventura Boulevard
Property History for 23024 Ventura Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 23024 Ventura Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 12 |
Rating | School | Distance |
---|---|---|
Woodlake Elementary Community Charter School CharterK to 5 | ||
George Ellery Hale Charter Academy Charter6 to 8 | ||
El Camino Real Senior High School Charter9 to 12 | ||
Ivy Academia Entrepreneurial Charter School CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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