23055 Del Valle St
Woodland Hills, CA 91364
Land For Sale
·
0.70 AC
Investment Highlights
- Prime Development Opportunity: Flexible zoning for multi-use development.
- Rental Income Potential: Diverse unit offerings for maximum rental income.
- Strategic Location: Close to major roads and public transport.
- High-Income Area: Desirable location near upscale amenities.
- Ample Parking: 36 parking spots across the property.
Property Facts
Description
Nestled within Woodland Hills, California, this residential development property offers an exceptional investment prospect, characterized by its impressive features and prime location. Spread across six parcels, totaling approximately 36,000 square feet, each parcel boasts a generous 6,000 square feet of space. Priced at $125,000 per parcel, the total investment amounts to $3,000,000. Zoned to accommodate 4 units per parcel, the property presents the opportunity for a total of 24 units. The envisioned development plan entails a carefully curated mix of residential options, with each parcel featuring a 2,988 SF duplex with two Additional Dwelling Units (ADUs). Each unit is designed with its own private entrance, ensuring privacy and convenience for residents. Under Assembly Bill 1033 (AB 1033) this future owner may have the ability for the potential sale of all ADUs as separate units apart from the main duplex building (akin to selling condominimums). Buyer to do their own due diligence. At the heart of the development lies the first unit of the duplex, spanning 2,085 square feet across two stories and offering 4 bedrooms, 3 bathrooms, and a 2-car garage. Unit 2 of the duplex spans 903 square feet over two stories and featuring 2 bedrooms, 2 bathrooms, and its own 2-car garage. These two units share a backyard space, fostering a sense of community and shared living. Complementing these units are the Additional Dwelling Units (ADUs), each spanning 985 square feet over two stories. These units offer 2 bedrooms, 2.5 bathrooms, and private backyards, providing residents with their own outdoor space to enjoy. Additionally, each parcel is designed to accommodate 6 parking spaces, ensuring ample parking for residents and visitors alike. With its blend of modern design, functional living spaces, and convenient amenities, this development property presents an enticing opportunity for investors looking to capitalize on the burgeoning demand for residential properties in Woodland Hills.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $2,150,000 | Total Assessment | $2,150,000 |
Property Taxes
