Woodland Hills CA Real Estate & Commercial for Sale

Take advantage of this rare opportunity to own a premium retail space in the thriving Woodland Hills/Warner Center submarket. Positioned on Ventura Blvd, one of the most desirable commercial corridors in the San Fernando Valley, this property boasts excellent visibility and consistent foot traffic. The space features a an open floor plan, high ceilings, and an abundance of natural light, making it ideal for a variety of retail businesses. Ample parking is available, providing convenient access for customers.Located near major freeways, including the 101 and 27, this property offers easy access for both clients and employees. Nestled in a bustling business and shopping hub, the space is close to popular restaurants, shopping centers, and local attractions. With a high daily traffic count and a well-established customer base, this is an ideal spot for retailers looking to secure a strong foothold in a growing market. Previously operated as a hookah bar/lounge, the space is situated next to the upscale Casalena restaurant, offering prime exposure in this vibrant area.Dont miss out on the chance to own this valuable piece of real estate and establish your business in one of the most sought-after locations in Woodland Hills/Warner Center!

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.