22757 Del Valle
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22757 Del Valle
3 Unit Apartment Building $1,275,000 ($425,000/Unit) 2.43% Cap Rate Woodland Hills, CA 91364
Investment Highlights
- Multifamily Development Opportunity | 6,495 SF of Land | R3-1 Zoning
- 8 Units by Right | 17 Units with State Density Bonus | 43 Units with ED1
- Countless outdoor activities and attractions nearby including California's largest mall, hiking trails, nightlife on Ventura Blvd, & the ocean
- Currently a 3-Unit (with 1 Rented Garage) Complex on 1 Parcel
- Neighboring Parcel Also Available for Sale | 22763 Del Valle St., Woodland Hills, CA
- Easy access to the airport and metro
Executive Summary
Marcus & Millichap proudly presents 22575 Del Valle Street, a prime fully occupied multifamily property with excellent future development potential in Woodland Hills. This property offers the potential to construct 8 units by right, up to 17 units utilizing the state density bonus, or up to 43 units with ED1. Located in the highly desirable “South of the Boulevard” area, it boasts excellent visibility from Ventura Boulevard, a renowned thoroughfare 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.
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 | $1,275,000 | Property Subtype | Apartment |
| Price Per Unit | $425,000 | Apartment Style | Low Rise |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.43% | Building Size | 2,200 SF |
| Sale Conditions | Redevelopment Project | Average Occupancy | 100% |
| Gross Rent Multiplier | 19.29 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1955 |
| Property Type | Multifamily |
| Price | $1,275,000 |
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 2.43% |
| Sale Conditions | Redevelopment Project |
| Gross Rent Multiplier | 19.29 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Lot Size | 0.15 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1955 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 650 |
| 2+1 | 1 | - | 900 |
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Walk Score ®
Very Walkable (78)
zoning
| Zoning Code | LAR3 (Restricted Density Multiple Dwelling) |
| LAR3 (Restricted Density Multiple Dwelling) |
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Brin Hamblin -
Stuart Fagan -
Klyvia Iha -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
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22757 Del Valle
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