CBRE proudly introduces a 2.68 Acre mixed-use or multifamily redevelopment site located at 26025 Mureau Road, Calabasas, CA 91302. The site is in a prime Calabasas location, north of the -101 and east of Las Virgenes Road.
Currently positioned as a ±45,888 SF office facility, this 2.68 acre parcel is zoned CMU for mixed-use at ±20 dwelling units per acre (2,178 SF/du). This puts the ‘by-right’ unit count at fifty-three (53) units. There is an option to utilize the State Density Bonus to build up to one hundred eight (108) residential units in addition to commercial space (Buyer to verify). The property resides in the quiet hills of Calabasas and backs up to an upscale single-family community. New commercial tenants will benefit from the lack of adjacent amenities north of the -101 freeway with ability to capture demand from the northern and eastern residences.
Situated in a prime Calabasas location, this offering presents a rare opportunity to develop mixed-use in a heavily supply constrained, upscale market of Los Angeles.