A Rare Fully Entitled 42 unit Senior Housing + Commercial Development Opportunity in Prime Calabasas, CA

The Crown Jewel of the San Fernando Valley, Calabasas is home to high profile celebrities, entrepreneurs, and entertainers.

MDGLA is pleased to present 23480 Park Sorrento, a 16,397 SF office building on 83,999 SF of land that is fully entitled to build a 42-unit Senior Living project including 1,620 SF of Commercial space.

This unique investment opportunity is zoned CMU and lies in the center of the affluent city of Calabasas. Calabasas is a city in Los Angeles County, California, United States, located in the hills west of the San Fernando Valley and in the northwest Santa Monica Mountains between Woodland Hills, Agoura Hills, West Hills, Hidden Hills, and Malibu.

23480 Park Sorrento has a prime location in the celebrity-renowned business district. Situated just south of the 101 Freeway, one of Los Angeles’ major East West thoroughfares, the property is surrounded by affluent neighborhoods, home to expensive residences, as well as fine dining and entertainment at Caruso’s “The Commons at Calabasas”. The subject property is just east of the highly sought after shopping center, which boasts upscale tenants, such as Sugarfish, Barnes and Noble, Lululemon, Rolex, and Corner Bakery.

23480 Park Sorrento also lies directly next door to the Avanti at the Calabasas Village, Calabasas’ newest high-end, mixed-use development, offering upscale living, dining and shopping experience.