23116 Califa St, Woodland Hills, CA 91367

Description

Rare Walnut Acres land opportunity! Two adjacent lots available. Buy one or both, totaling approximately 36,000 square feet. An exceptional opportunity for homeowners, builders, and developers to acquire prime land in the heart of Walnut Acres, one of Woodland Hills' most desirable neighborhoods. Offered at $1,550,000, this approximately 17,500 square foot RA zoned parcel presents an incredible opportunity to build a custom luxury estate. The adjacent parcel at 23126 Califa Street, approximately 18,500 square feet, is also available for $1,550,000, or both lots can be purchased together for $3,100,00. Recent luxury home sales in Walnut Acres have reached $5 million and above, demonstrating the area's demand for high end new construction. Each lot offers the potential to develop a luxury residence with a projected resale value of approximately $5 million, depending on design, size, finishes, and market conditions. Developers may also explore additional development opportunities under applicable California SB housing laws, potentially allowing multiple residences or ADUs, subject to zoning, eligibility, and City approval. Whether building a custom dream home, two luxury residences, a private family compound, or exploring a multiple home development, the possibilities make this an attractive opportunity. Walnut Acres is known for its expansive lots, custom estates, quiet residential streets, and convenient access to Ventura Boulevard, Warner Center, shopping, dining, and the 101 Freeway. Boundary and topographic surveys, preliminary title reports, and assessor maps are available upon request. Buyer to independently verify zoning, lot dimensions, utilities, subdivision potential, applicable SB laws, building requirements, and all development possibilities with the City of Los Angeles and appropriate agencies.