This unique offering affords a Buyer with many avenues to secure and develop a proposed Independent Living/Assisted Living/Memory Care facility in Woodland Hills, CA or to simply re-imagine the use for the existing land.
The offering consisting of 1.33 acres available with 150 linear feet on Ventura Blvd, is less than two miles from some of the most luxurious and expensive real estate in Calabasas and Hidden Hills, home to many celebrities. While not yet entitled, there are preliminary plans ready to submit to the city to build a Class A, Spanish-style, 6-story, 116-Unit, IL/AL/MC facility which takes advantage of building into the hillside for the first level, saving time and money by not building a subterranean parking level. The Seller also owns the surrounding parcels and will be developing a beautiful multi-family complex next door that compliments the current plans for the Senior Housing development.
While there is a clear vision for this offering, the Seller also realizes that Woodland Hills is re-imaging entire parts of the city landscape. With the Warner Center 2035 project there are countless multi-family, stadium, entertainment, and business center developments in the pipeline. The seller is open to offers that would include an outright purchase of the land, as is (for the proposed Senior Housing project, or other use) through the creation of a Joint Venture with the future Operator to entitle, construct and license the proposed Royal Oaks Assisted Living project.
