23024 Ventura Boulevard
Woodland Hills, CA, 91364 $ 3,399,800
Baths0.0 Sq 35,309 Monthly Estimate*
$ 23,749
Listed by John Barker Dunning
Studio
for $3,399,800. This 35,309 square foot building was built on a lot size of 0.431.
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 $82,898 in 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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FeaturesGeneralZoning LAC1
HOA 0.0
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Possible Use MultiFamily
Garage Y/N N
Building Features Elevators
Other Structures LivingQuarters
Special Listing Conditions Standard
Status Active
Directions Just north of the 101 blocks away from the Calabasas city border on very busy Ventura Blvd next door to the well-known Bowlero.
City Woodland Hills
View Y/N N
Senior Community Y/N N
Total Units 40
MLS Area WHLL - Woodland Hills
Lot Size Square Feet 18774.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Ventura
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 10
Standard Status Active
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ExteriorLot Features Over40UnitsAcre PlannedUnitDevelopment RectangularLot RollingSlope ValueInLand
Total Parking 55.0
Lot Size Area 18774.0
Number of Buildings 1
Spa N
Building Area Total 35309.0
Lot Size Acres 0.431
Lot Size Units SquareFeet
Lot Size Source Owner
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorTotal Stories 6
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Boulevard
Electric On Property Y/N N
Total Baths 0
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* Excluded FeaturesList ByJohn Barker DunningBroker
Affordability Calculator
- Monthly Principal & Interest
- $23,749
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Woodland Hills, CA
Average List Price $2,524,900
Percent of Sale Price 26%
About Woodland Hills, CA 62,950 Population
0% Since 2002
$ 0 Median Income
0 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/5/2024 | $3,399,800 | | Listed Price |