Motivated Seller - Ventura Boulevard Land 11222 Ventura Blvd Lot | Terrain commercial | 0,09 ha | À vendre | 904 113 € | Studio City, CA 91604

The Brandon Michaels Group of Marcus & Millichap has been selected to
exclusively market for sale 11222 Ventura Boulevard, a 9,370 square foot
(.22 acres) lot zoned C2-1VL-RIO in the affluent San Fernando Valley
submarket of Studio City, CA.
11222 Ventura Boulevard is two parcels
of unimproved land along the Boulevard
most notably between Tujunga and
Vineland Avenues. Plans have been
drafted for a mixed-use project utilizing
the property’s excellent 68’ of frontage
along Ventura boulevard and its alleyway
to the rear. If executed, the project
calls for twenty (20) surface parking
spaces with a roughly 7,400 square
foot retail/office space above. This
unique land development opportunity
also incorporates two, two-bedroom
apartment units above the commercial
space with their own dedicated two-car
covered garages and large outdoor patio
space overlooking Ventura Boulevard
and Studio City.
11222 Ventura Boulevard falls under the
boundaries of the Ventura/Cahuenga
Boulevard Corridor Specific Plan.
Currently classified in the neighborhood
and general commercial subarea, the
property is restricted to a by-right height
of 30 feet and a 1.00 FAR however these
development standards have potential
to change with the adoption of the
highly anticipated Ventura/Cahuenga
Boulevard specific plan amendment.
While the date of release for the updated
specific plan is not yet known, the goal
is to modernize regulations and speed
up the project review process in order
to support small businesses along the
Valley’s premier commercial corridor. In
addition, the property enjoys a by-right
density of 1 unit per 400 square feet of land,
providing the ability to develop up to 24
units. While not currently in a City of Los
Angeles Transit Oriented Community
(TOC) zone, new developments at 11222
Ventura Boulevard can take advantage
of California state density bonuses,
providing a menu with a variety of
development incentives.
The property benefits from excellent
access to the 101 and 170 Freeways,
offering broader contact to all reaches
of the San Fernando Valley as well
as Hollywood and Downtown Los
Angeles. This unique land development
opportunity enjoys more than 68’ of
visibility and frontage and daily traffic
counts exceeding 45,000 vehicles per day
along Ventura Boulevard.