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22757 & 22763 Del Valle St

2 Multifamily Properties Offered at $2,775,000 in Woodland Hills, CA

Investment Highlights

  • Multifamily Development Opportunity in Woodland Hills
  • 22763 Del Valle: 6,499 SF of Land | Currently a 4-Unit Complex on 1 parcel of Land
  • 22757 Del Valle: 6,498 SF of Land | Currently a 3-Unit Complex (with 1 rented garage) on 1 Parcel of Land
  • R3-1 Zoning | 16 Buildable Units by-Right | 32 Buildable Units Density Bonus | 110 Buildable Units ED-1

Executive Summary

Marcus & Millichap proudly presents 22757 & 22763 Del Valle Street, a multifamily development opportunity in prime Woodland Hills. When purchased as a double lot, there is potential to build 16 units by right, 32 units with the state density bonus or 110 units 100% affordable with ED1. The properties are situated in a premier “South of the Boulevard” location with excellent visibility from the world renowned Ventura Boulevard in Woodland Hills, CA.
Spanning approximately 260 square miles, the San Fernando Valley is the largest geographic region within the City of Los Angeles. With a population of around 1.8 million residents, it ranks among the most densely populated areas in the United States. If considered as a standalone city, the San Fernando Valley would be the seventh largest in the nation. The area is experiencing significant development, including new hotels, residential buildings, and expansions like Westfield Promenade, Westfield’s “The Village”, and Westfield Topanga, with additional projects in various planning stages.

Property Facts

Price $2,775,000
Price / SF $536.13 / SF
Cap Rate 2.67%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 2
Total Building Size 5,176 SF
Total Land Area 0.30 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
22757 Del Valle, Woodland Hills, CA 91364 Multifamily 2,200 SF 1955 $1,275,000
22763 Del Valle St, Woodland Hills, CA 91364 Multifamily 2,976 SF 1955 $1,500,000
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  • Listing ID: 32381217

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 22757 & 22763 Del Valle St, Woodland Hills, CA

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