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6819 Variel Ave
Canoga Park, CA 91303
Variel - Warner Center Development · Land For Sale
·
0.21 AC
Investment Highlights
- Prime Warner Center Location
- Strong Option to JV on Nearly RTI Plans for 28 Units
- Located within Warner Center Specific Plan which Boasts Desirable Development Standards
- 9,003 SF Parcel Zoned (WC)RIVER-SN-RIO
- Six (6) Unit Existing Improvements, Buyer to Verify SB8 Requirements
- Located Just a Few Blocks North of Massive Redevelopment in & around Topanga Village
Executive Summary
The Boyett Team at CBRE is pleased to present a 9,003 SF redevelopment opportunity for sale or JV. The subject property is located in a prime Warner Center location, north of Vanowen Street and west of De Soto Avenue.
Zoned (WC)RIVER-SN-RIO, this property allows for an array of development options with no height limit, a base FAR of 4.5:1, and a loose requirement on density limits based only on the total subarea budget. The site is also being offered for JV, the current plans are nearly RTI for twenty-eight (28) units. The plans include four (4) studios / one-bathroom units, twenty (20) one- bedroom / one-bathroom units, and four (4) two-bedroom / one-bathroom units across six (6) stories.
Situated in a prime Warner Center location, this offering presents a rare opportunity for any developer to benefit from nearly RTI plans in one of the most builder-friendly submarkets of Los Angeles.
Zoned (WC)RIVER-SN-RIO, this property allows for an array of development options with no height limit, a base FAR of 4.5:1, and a loose requirement on density limits based only on the total subarea budget. The site is also being offered for JV, the current plans are nearly RTI for twenty-eight (28) units. The plans include four (4) studios / one-bathroom units, twenty (20) one- bedroom / one-bathroom units, and four (4) two-bedroom / one-bathroom units across six (6) stories.
Situated in a prime Warner Center location, this offering presents a rare opportunity for any developer to benefit from nearly RTI plans in one of the most builder-friendly submarkets of Los Angeles.
Property Facts
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | WC | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | WC |
1 Lot Available
Lot
| Lot Size | 0.21 AC |
| Lot Size | 0.21 AC |
Property Taxes
| Parcel Number | 2138-022-016 | Improvements Assessment | $1,779,056 CAD |
| Land Assessment | $988,364 CAD | Total Assessment | $2,767,420 CAD |
Property Taxes
Parcel Number
2138-022-016
Land Assessment
$988,364 CAD
Improvements Assessment
$1,779,056 CAD
Total Assessment
$2,767,420 CAD
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