A land parcel entitled for 18 apartments was sold to a Westlake Village-based developer for $116,000 per unit, real estate broker Lee & Associates announced. The land sold for $2.1 million. The almost 43,000-acre parcel is at Palo Comado Canyon and Chesebro roads, between the 101 Freeway and Agoura Road in Agoura Hills.
The buyer, Raven Ridge Development, plans to build two- story townhouses with enclosed two-car garages.
The project will feature 17 three-bedroom units and one, two-bedroom, two-bath unit.
Leave a Reply