$1.18M
1816-1818 Los Feliz Dr, Thousand Oaks
Sale Price
$1.18M
Units
16
Price/Unit
$73,750
Type
Apartment Building
Closed
October 2020
Thousand Oaks | Unentitled Land Sale | All Cash | Sold for Bank after Foreclosure
this rare sale of 24,713 square feet of unentitled land in Thousand Oaks, CA. With the current zoning, the buyer will be able to build up to 17 market-rate units by right, or the buyer can choose to build up to 25 units with the new state density bonus law if he designates some units to low income housing.
The Seller of this property was Goldman Sachs after they foreclosed on the bankrupt owner. They reached out to us to sell this property and a couple others. We were able to find a sophisticated, local developer who paid all cash with a quick close.
For more information on this sale, or to receive a complimentary evaluation on your multifamily property or land for multifamily development, please reach out to LAAA Team's founders Filip Niculete and Glen Scher. Their contact information at the bottom of this email.
Closing