22763 Del Valle St
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22763 Del Valle St
4 Unit Apartment Building $1,500,000 ($375,000/Unit) 2.87% Cap Rate Woodland Hills, CA 91364
Investment Highlights
- Multifamily Development Opportunity
- Neighboring Parcel Also Available for Sale | 22757 Del Valle St., Woodland Hills, CA
- Easy access to the airport and metro
- 6,499 SF of Land | Currently a 4-Unit Complex on 1 parcel of Land | R3 Zoning
- Countless outdoor activities and attractions nearby including California's largest mall, hiking trails, nightlife on Ventura Blvd, & the ocean
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.
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 | $1,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 2.87% | Building Size | 2,976 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 2.87% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,976 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| Parking Ratio | 1.34/1,000 SF |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 2040-031-022 | Improvements Assessment | $356,145 |
| Land Assessment | $277,669 | Total Assessment | $633,814 |
PROPERTY TAXES
Parcel Number
2040-031-022
Land Assessment
$277,669
Improvements Assessment
$356,145
Total Assessment
$633,814
zoning
| Zoning Code | R3 (Restricted Density Multiple Dwelling) |
| R3 (Restricted Density Multiple Dwelling) |
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Brin Hamblin -
Klyvia Iha -
Stuart Fagan -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
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22763 Del Valle St
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