23036 Ventura Boulevard

Off Market

23036 Ventura Boulevard

Los Angeles CA 91364

36923 sq. ft.

Land

Last sold for $7,800,000

John 'Judd' Dunning, last sold this property on 08 December 2023 after 176 days on market.

Overview

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.

Features

36923 sq. ft. lot size

Land

Estimated Value

Based on this property and similar land plots sold in Los Angeles over the last 12 months, the estimated median property value of 23036 Ventura Boulevard is $120k.

Median value

$120k

Estimated value range

$10.5k - $190k

Median days on market

Estimated value trend

-14%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Los Angeles. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 23036 Ventura Boulevard

2023

Sold

$7,800,000

08 Dec 2023 by John 'Judd' Dunning, of John Barker Dunning

Happy sellers in Los Angeles

100%

100% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for land plots in Los Angeles

In the last 12 months, 7 land plots similar to 23036 Ventura Boulevard, have been sold.

This represents a 25% increase in land plots sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Los Angeles for a market analysis.

Lori Morrissey

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Lonnie Mintz

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Rachael White

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Nearby agents

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Lori Morrissey

Lori Morrissey is an award winning recommended agent for Los Angeles. They have 5 local sales and collected 3 local reviews across the last 12 months.