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Investment Highlights

  • Highest TCAC Opportunity Area; Tier 4 SAFMR
  • Up to 10 homes achievable via SB 1123
  • Next door to 335 Unit Apt. Complex from 2020
  • Designated as Community Commercial Land Use by the General Plan
  • Steps from Ventura Blvd. & Topanga Canyon Blvd.
  • Walk to Ralphs, Sprouts, CVS, Chipotle, Container Store, and much more

Executive Summary

PRICE REDUCED!
PartnersCRE is proud to present for sale a redevelopment opportunity in Woodland Hills, just off the 101, in an area that has experienced a massive change recently, and that is ready to accept your future tenants!
Just west of Topanga Canyon Blvd. and south of Ventura Blvd., the property sits in the Highest TCAC Opportunity Area, and boasts a Tier 4 SAFMR, the highest payment standard designation.
With a generous 7,500 SF of already-cleared land with 50 feet of frontage, the property is currently an outlier-zoned R1, while being designated as Community Commercial Land Use by the General Plan - with the next-door property zoned CR (an R4 equivalent). The property is in the Ventura / Cahuenga Boulevard Corridor Specific Plan Area.
Utilize SB1123 to build around 10 homes on the property or focus on 100% Affordable Housing and take advantage of the Tier 4 SAFMR. The 335 Unit Apartment Complex next door, built in 2020, was purchased by HACLA in 2025.
The property is in a DDA (Difficult Development Area), which can be a benefit to LIHTC Financing.
Just a five minute walk to the intersection of Topanga and Ventura, this Very-Walkable area is just a stone’s throw to Ralphs and Sprouts markets, with fast, casual and fine dining (from Chipotle to Casaléna), nightlife and much more just down the road.

Property Facts

Price $1,799,330 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.17 AC
Zoning R1-1VL - General Plan: Community Commercial - CR - Limited Commercial - R4 Equivalent

1 Lot Available

Lot

Price $1,799,330 CAD
Price Per AC $10,588,840.79 CAD
Lot Size 0.17 AC

Vacant land.

Description

PRICE REDUCED! PartnersCRE is proud to present for sale a redevelopment opportunity in Woodland Hills, just off the 101, in an area that has experienced a massive change recently, and that is ready to accept your future tenants! Just west of Topanga Canyon Blvd. and south of Ventura Blvd., the property sits in the Highest TCAC Opportunity Area, and boasts a Tier 4 SAFMR, the highest payment standard designation. With a generous 7,500 SF of already-cleared land with 50 feet of frontage, the property is currently an outlier-zoned R1, while being designated as Community Commercial Land Use by the General Plan - with the next-door property zoned CR (an R4 equivalent). The property is in the Ventura / Cahuenga Boulevard Corridor Specific Plan Area. Utilize SB1123 to build around 10 homes on the property or focus on 100% Affordable Housing and take advantage of the Tier 4 SAFMR. The 335 Unit Apartment Complex next door, built in 2020, was purchased by HACLA in 2025. The property is in a DDA (Difficult Development Area), which can be a benefit to LIHTC Financing. Just a five minute walk to the intersection of Topanga and Ventura, this Very-Walkable area is just a stone’s throw to Ralphs and Sprouts markets, with fast, casual and fine dining (from Chipotle to Casaléna), nightlife and much more just down the road.

Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
2169-025-085
Land Assessment
$679,916 CAD
Improvements Assessment
$453,277 CAD
Total Assessment
$1,133,193 CAD
  • Listing ID: 39014009

  • Date on Market: 2026-01-08

  • Last Updated:

  • Address: 22045 Clarendon St, Woodland Hills, CA 91367

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