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23024 Ventura, Woodland Hills, CA 91364
$3,399,800
23024 Ventura, Woodland Hills, CA 91364View this property at 23024 Ventura, Woodland Hills, CA 91364
23024 VenturaWoodland HillsCA91364
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Property 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 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.
Full Property Details
Full Property Details for 23024 Ventura
General
- Price: $3,399,800
- Status: Active
- Type: Lots/Land
- MLS ID: 24-368849
- Updated: 3/14/2024
- Added to Site: 76 day(s) ago
Location
- Area: Woodland Hills
- County: Los Angeles
- Driving Directions: Just north of the 101 east of Valley Circle Blvd near Warner Center. Just blocks away from the Calabasas city limits.
Utilities
- Gas: None
- Sewer: None
- Water: None
Lot Features
- Lot Size (Acres): 0.0718
- Lot Size: 3129
- Lot Size Source: Survey
- Topography: Varied
- Zoning: C1
- Lot Description: 5 + Lots, Raw Land, Sidewalks, Street Paved
Financial Considerations
- Price Per Sq. Ft.: $3,022.04
- Assessment Amount: Buyer to Verify
Disclosures and Reports
- Disclosures/Reports: Planned Development
- Surveyed: Buyer Pays
- APN: 2042-006-049
Listed by John Barker Dunning, John 'Judd' Dunning
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Schools
Schools serving 23024 Ventura
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
23231 Hatteras St, Woodland Hls, CA 91367 | K-5 | 0.9 mi | |
23830 Califa St, Woodland Hls, CA 91367 | 6-8 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 23024 Ventura
Date
Details
Price
Change
Source
3/04/2024
Listed
$3,399,800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 23024 Ventura
Year
Property Taxes
Change
Tax Assessment
Change
2023
$351
6%
$25,603
2%
2022
$332
1%
$25,101
2%
2021
$329
—
$24,609
1%
2020
$330
3%
$24,357
2%
2019
$319
—
$23,880
2%
2018
$319
3%
$23,412
2%
2017
$310
2%
$22,953
2%
2016
$304
2%
$22,503
2%
2015
$299
-1%
$22,165
2%
2014
$302
—
$21,731
—
2013
$302
—
$21,633
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 23024 Ventura
23024 Ventura, Woodland Hills, CA 91364 (MLS# 24-368849) is a Lots/Land property with a lot size of 0.0718 acres. 23024 Ventura is currently listed for $3,399,800 and was received on March 04, 2024. Want to learn more about 23024 Ventura? Do you have questions about finding other Lots/Land real estate for sale in Woodland Hills? You can browse all Woodland Hills real estate or contact a Coldwell Banker agent to request more information.