23036 Ventura Blvd

WOODLAND HILLS, CA, 91364

$7,950,000

$7,950,000
Active
Active
 - For Sale
property_type
Land
DWG Capital Group, as the exclusive agent, is pleased to present for sale 23036-23060 Ventura Boulevard, a 36,923 SF development site well-suited for a multifamily mixed-use development project with a 1:1 floor area ratio (FAR) of up to 84,714 SF in the highly desirable Woodland Hills/Calabasas adjacent submarket of Los Angeles.This prime 71 Unit parcel assemblage was strategically purchased as part of an overall greater development and is now amidst the completion of entitlements. The seasoned developer/seller has an attractive 71-unit building design in process with an excellent architect. The proposed plans shall allow the project and new buyer to commence quickly to develop a beautiful, new 6-Story, 71-Unit Apartment Building inclusive of 3 stories of residential, ground floor retail, and 2 levels of parking. The project can be purchased with or without entitlements as desired by the new purchaser.Located at 23036-23060 Ventura Boulevard, the site boasts an excellent Woodland Hills/Calabasas adjacent location that is proximate to many Calabasas amenities, the nearby Bowlero as well as three prime malls: The Village at Westfield Topanga (mixed-use, open-air shopping, and dining with 100 stores); Westfield Topanga (regional indoor mall); and Westfield Promenade (34-acre property envisioned for redevelopment to include expansive community open space, residential units, shops, cafes, hospitality, and an entertainment/sports center).Additionally, the Woodland Hills/Calabasas neighborhood enjoys being a short drive to many restaurants in its general area, such as Fleming's Steakhouse and Roy's Asian Fusion as well as its desirous location within the San Fernando Valley's urban core with over six million square feet of office space.Along with its outstanding location, the future development envisioned for this site will benefit from Woodland Hills' strong multifamily fundamentals, favorable income, and education demographics, and proximity to public transit via the Metro Orange Line.As an additional positive attribute, 23036-23060 Ventura Boulevard is located in the western area of Woodland Hills on the Calabasas border making it less subject to any future oversupply risks within the more densely developed Woodland Hills/Warner Center area.
MLS® ID:
22-147069
Listed:
4/10/22
Updated:
6/29/22
Coldwell Banker Realty
Barry Dantagnan

Exterior/Building Features

Lot Size
0.85 acres lot
Lot Details
2-4 Lots, 5 Lots

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Pool
No
Zoning
LAC1

 

Courtesy of John ''Judd'' Dunning, John Barker Dunning

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Barry Dantagnan shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/29/22

Coldwell Banker Realty
Barry Dantagnan
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