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    5155 Old Scandia Ln Calabasas, CA 91302

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    6+ Acre Retail Development, Calabasas, CA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    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.

    Property Features for 5155 Old Scandia Ln

    General Information

    Property type
    Retail properties
    Lot Size
    270,943 SF

    Building Details

    Year Built/Renovated
    1981/2023

    HighLights

    • Generational 6+ acre development/redevelopment opportunity in Calabasas, CA, unaffected by the LA Mansion Tax.
    • Prime Calabasas location in the affluent Hidden Hills community, near the 101 Freeway (192,000 VPD), with strong demographics.
    • Proximity to high‑performing retail centers with 8.3M+ annual visits, anchored by national credit tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Calabasas Pickleball Club Athletic Club

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Calabasas
    County
    Los Angeles
    State
    California
    Longitude
    -118.653778
    Latitude
    34.157411

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    FAQs

    What type of property is this?
    Retail property - 6+ Acre Retail Development, Calabasas, CA
    Where is this retail property located?
    The property is located at 5155 Old Scandia Ln Calabasas, CA.
    What are key features of this property?
    This property features: Generational 6+ acre development/redevelopment opportunity in Calabasas, CA, unaffected by the LA Mansion Tax.; Prime Calabasas location in the affluent Hidden Hills community, near the 101 Freeway (192,000 VPD), with strong demographics.; Proximity to high-performing retail centers with 8.3M+ annual visits, anchored by national credit tenants.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5155 Old Scandia Ln Calabasas, CA 91302
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