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23036 Ventura Blvd, Woodland Hills, CA 91364
$7,800,000
23036 Ventura Blvd, Woodland Hills, CA 91364View this property at 23036 Ventura Blvd, Woodland Hills, CA 91364
23036 Ventura BlvdWoodland HillsCA91364
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Property Description
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.
Full Property Details
Full Property Details for 23036 Ventura Blvd
General
- Sold For: $7,800,000
- Status: Closed
- Type: Lots/Land
- MLS ID: 22-147069
- Added to Site: 754 day(s) ago
Location
- Area: Woodland Hills
- County: Los Angeles
- Driving Directions: The property is well-located along the popular Ventura Blvd. between the Warner Center and Woodland Hills neighborhoods, and just south of US 101. It is also a short walk from the Metro Local Line 161 at the Ventura/Caltrans Station and just minutes from the higher income area of Calabasas.
Lot Features
- Property View: City
- Lot Size (Acres): 0.85
- Lot Size: 36923
- Lot Size Source: Plans
- Zoning: LAC1
- Lot Description: 2-4 Lots, 5 + Lots
Disclosures and Reports
- Disclosures/Reports: None, Lender Owned/REO
- APN: 2042-006-055
Listed and Sold by John Barker Dunning, John 'Judd' Dunning
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Schools
Schools serving 23036 Ventura Blvd
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 23036 Ventura Blvd
Date
Details
Price
Change
Source
12/08/2023
Sold
$7,800,000
-1.89%
MLS
4/11/2022
Listed
$7,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
23036 Ventura Blvd, Woodland Hills, CA 91364 (MLS# 22-147069) is a Lots/Land property that was sold at $7,800,000 on December 08, 2023. Want to learn more about 23036 Ventura Blvd? 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.