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Commercial

20401 Ventura Blvd

20401 Ventura Blvd, Los Angeles, CA 91364

Listing Price: Request For Offer

Lot Size
1.23 acres
Land Type
Redevelopment

Investment Overview

1.23 acres of land offering a multitude of potential options with entitlements in place for a 149-room hotel ideally located along Ventura Boulevard in the affluent West San Fernando Valley submarket of Woodland Hills, CA Marcus & Millichap has been selected to exclusively represent for sale 20401 Ventura Boulevard, a 53,518 square foot land development site located on Ventura Boulevard, just east of DeSoto Avenue and west of Winnetka Avenue along the Interstate 101 Ventura Freeway with excellent freeway visibility within close proximity to the high growth sub-market of Warner Center in the affluent West San Fernando Valley sub-market of Woodland Hills, CA. The property features 298 feet of linear frontage along Ventura Boulevard, a location which sees traffic counts north of 42,100 vehicles per day along the boulevard and over 240,000 vehicles per day along the Interstate 101 Ventura Freeway. The subject property is zoned P-1LD, C4-1LD, and C2-1LD, and is subject to the Ventura/Cahuenga Corridor Specific Plan. Current ownership has completed the entitlement process, and the site is fully entitled for a four-story, 149 room hotel. The proposed project would be a total of 164,462 buildable square feet, comprised of 90,213 square feet of hotel space and 74,249 square feet of subterranean garage space. The hotel would feature a pool, a 2,175 square foot restaurant, an 882 square foot bar, a 650 square foot café, and 1,895 square feet of meeting space. 20401 Ventura Boulevard is ideally located less than a mile from the Warner Center, one of Southern California’s fastest growing submarkets with over 80,000 new jobs and 37 million square feet of residential and business buildings projected by 2037. The proximity to the multi-billion-dollar submarket in conjunction with the prime Ventura Boulevard location makes this an excellent site for a multitude of potential options.

Investment Highlights

  • 1.23 ACRES OF LAND IDEALLY LOCATED ON VENTURA BOULEVARD ALONG THE INTERSTATE 101 VENTURA FREEWAY WITH EXCELLENT FREEWAY VISIBILITY
  • FULLY ENTITLED HOTEL DEVELOPMENT SITE
  • MULTI-BILLION DOLLAR SUB-MARKET COMPLETE WITH RETAIL ATTRACTIONS AND PREMIERE OFFICE HUB

Exclusively Listed By

Listing Price: Request For Offer

Lot Size
1.23 acres
Land Type
Redevelopment

Investment Highlights

  • 1.23 ACRES OF LAND IDEALLY LOCATED ON VENTURA BOULEVARD ALONG THE INTERSTATE 101 VENTURA FREEWAY WITH EXCELLENT FREEWAY VISIBILITY
  • FULLY ENTITLED HOTEL DEVELOPMENT SITE
  • MULTI-BILLION DOLLAR SUB-MARKET COMPLETE WITH RETAIL ATTRACTIONS AND PREMIERE OFFICE HUB

Investment Overview

1.23 acres of land offering a multitude of potential options with entitlements in place for a 149-room hotel ideally located along Ventura Boulevard in the affluent West San Fernando Valley submarket of Woodland Hills, CA Marcus & Millichap has been selected to exclusively represent for sale 20401 Ventura Boulevard, a 53,518 square foot land development site located on Ventura Boulevard, just east of DeSoto Avenue and west of Winnetka Avenue along the Interstate 101 Ventura Freeway with excellent freeway visibility within close proximity to the high growth sub-market of Warner Center in the affluent West San Fernando Valley sub-market of Woodland Hills, CA. The property features 298 feet of linear frontage along Ventura Boulevard, a location which sees traffic counts north of 42,100 vehicles per day along the boulevard and over 240,000 vehicles per day along the Interstate 101 Ventura Freeway. The subject property is zoned P-1LD, C4-1LD, and C2-1LD, and is subject to the Ventura/Cahuenga Corridor Specific Plan. Current ownership has completed the entitlement process, and the site is fully entitled for a four-story, 149 room hotel. The proposed project would be a total of 164,462 buildable square feet, comprised of 90,213 square feet of hotel space and 74,249 square feet of subterranean garage space. The hotel would feature a pool, a 2,175 square foot restaurant, an 882 square foot bar, a 650 square foot café, and 1,895 square feet of meeting space. 20401 Ventura Boulevard is ideally located less than a mile from the Warner Center, one of Southern California’s fastest growing submarkets with over 80,000 new jobs and 37 million square feet of residential and business buildings projected by 2037. The proximity to the multi-billion-dollar submarket in conjunction with the prime Ventura Boulevard location makes this an excellent site for a multitude of potential options.

Exclusively Listed By

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