5155 Old Scandia Ln Calabasas, CA 91302

This exceptional 6.22-acre fee simple property in Calabasas, CA (APN: 2049-022-031 & 2049-029-114), presents a rare redevelopment opportunity. The existing Calabasas Pickleball Club, built in 1981 and extensively renovated in 2023, features 16 state-of-the-art courts, a clubhouse, and common areas. Situated on Old Scandia Ln, 91302, this property boasts a prime location bordering the exclusive Hidden Hills community, known for its high-value homes. The site benefits from exceptional accessibility via the 101 Freeway (192,000 vehicles per day), placing it near high-performing retail centers like The Commons at Calabasas and El Camino Shopping Center, which attract over 8.3 million annual visitors. The property's Rural Residential (RR) zoning allows for diverse development options, including potential residential redevelopment. The strong demographics of the area, with an average household income exceeding $258,046 within a 1-mile radius, and a large workforce within a 5-mile radius, create a robust consumer base. This generational investment is unaffected by the LA Mansion Tax, making it an attractive proposition for both hands-on and passive investors seeking significant upside potential in a highly desirable Southern California location. The property's size and location offer substantial long-term value and growth prospects.