First time on market in over 30+ years, discover this exceptional opportunity as an owner user, investment/investor, or quasi retail office building in the heart of Woodland Hills Ca, at 21112 Ventura Blvd. Perfect for any professional business type environment (Law Offices, Accounting, etc) This two-story office building boasts 4,067 sqft of versatile space is conveniently located on Ventura Blvd, between DeSoto and Canoga Ave. Unique opportunity to have office space upstairs with separate direct access to second floor. Free-standing office building with private and gated parking in the rear. Walking distances to a range of retail options, from restaurants, shops, entertainment, and more. Minutes away from the new Los Angeles based professional NFL team practice facility in Warner Center. Whether you're establishing a new venture or expanding an existing one, this property is an excellent opportunity you won't want to miss.
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.
Woodland Hills is located in California. Woodland Hills, California has a population of 12,084.
The median household income in Woodland Hills, California is $114,143. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Woodland Hills is 43.4 years.
The average high temperature in July is 95.1 degrees, with an average low temperature in January of 39.4 degrees. The average rainfall is approximately 17.3 inches per year, with 0 inches of snow per year.
