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20401 Ventura Boulevard
Woodland Hills, CA 91364

Price: Request For Offers Zoning: P-1LD, C4-1LD, C2-1LD
Land SF: 53,518 SF
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: Request For Offers
Land SF: 53,518 SF
Zoning: P-1LD, C4-1LD, C2-1LD
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

1.23 Acres of Land Ideally Located on Ventura Boulevard along the Interstate 1010 Ventura Freeway with Excellent Freeway Visibility

 

  • Prime West San Fernando Valley Location
  • Ideally located along Ventura Boulevard, the primary east-west thoroughfare in the San Fernando Valley
  • The world’s longest avenue of contiguous businesses
  • The site offers a multitude of potential options
  • Excellent visibility and frontage with 298’ of linear frontage along the Boulevard

 

Fully Entitled Hotel Development Site

 

  • 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
  • The proximity to the Warner Center makes it an excellent location for a hotel, as the submarket will undoubtably attract countless new residents and visitors to its various high-rise office towers, shopping centers, and sports center

 

Ideally located less than one mile from Warner Center, one of Los Angeles’ largest urban developments

 

  • Located less than one mile from the Warner Center
  • Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development
  • Within two miles of the Westfield Promenade, which is set to undergo a $1.5 billion renovation
  • Thousands of new residential units coming online with a strong desire to attract millennials
  • Recent office conversions hope to attract top national companies to enhance growth and opportunity

 

Multi-Billion Dollar Sub-Market Complete with Retail Attractions and Premiere Office Hub

 

  • Close proximity to the newly built, open-air retail center “The Village” at Westfield Topanga and Westfield Topanga, encompassing over 2.7 million square feet of retail space with over 250 top brands, restaurants and entertainment options
  • Close proximity to the Westfield Promenade, a $1.5 billion renovation that includes retail, Class A office, two hotels, 14,000 residential units, and an entertainment and sports center
  • Within close proximity to Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development
  • Local retailers include: Apple, Nordstrom, Neiman Marcus, Target, Macy’s,. REI, Costco, Best Buy Electronics, Crate & Barrel
  • Local restaurants include: Roy’s Asian Fusion, Fleming’s Steakhouse, California Pizza Kitchen, Cheesecake Factory, Chipotle, Il Fornaio, Pizza Rev, Guacho Grill, Coffee Bean & Tea Leaf, P.F. Changs and many more
  • Approximately 40,000 employees work within Warner Center
  • Major employers include HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, and Pierce College

 

Strong Immediate Demographics

 

  • The population within one mile of 20401 Ventura Boulevard is over 11,200, 194,100 within three miles, and 417,800 within five miles
  • There are over 4,400 households within one mile of the property, 71,700 within three miles of the property, and 146,100 within five miles of the property
  • Average household income within one mile of the property is $138,900, $107,200 within three miles, and $110,600 within five miles