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7045 Farralone Ave
Canoga Park, CA 91303
Land For Sale
·
4.91 AC
Investment Highlights
- Positioned within the high-demand Canoga Park submarket in the San Fernando Valley.
- Proximity to major retail corridors, schools, transit lines, and employment centers enhances site appeal for future housing.
- Supports multiple potential redevelopment strategies, including residential, multifamily, or adaptive institutional reuse.
Executive Summary
An exceptional land opportunity in the heart of the San Fernando Valley, 7045 Farralone Ave features approximately 4.91 acres of well-positioned property offering significant redevelopment potential. The current improvements include a large, single-story facility with assembly areas, multipurpose spaces, and extensive on-site parking, providing optional interim use while entitlements are pursued.
Given its substantial size and location within a densely developed residential and commercial district, this site is ideally suited for residential subdivision, multifamily development, or adaptive reuse for institutional and community-based programming. Favorable proximity to major thoroughfares, transit, schools, and neighborhood amenities supports long-term demand drivers for housing and mixed-use projects.
This rare large parcel in an infill Los Angeles submarket grants developers and investors an opportunity to activate a unique tract of land with scale advantages seldom available in this area.
Given its substantial size and location within a densely developed residential and commercial district, this site is ideally suited for residential subdivision, multifamily development, or adaptive reuse for institutional and community-based programming. Favorable proximity to major thoroughfares, transit, schools, and neighborhood amenities supports long-term demand drivers for housing and mixed-use projects.
This rare large parcel in an infill Los Angeles submarket grants developers and investors an opportunity to activate a unique tract of land with scale advantages seldom available in this area.
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 4.91 AC |
| Property Type | Land | ||
| Zoning | LARA - 3.74 acres is zoned “RA” SUBURBAN ZONE; 0.7 acre is zoned “R1” ONE-FAMILY ZONE; 0.42 acre is unzoned and part of prior public street. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 4.91 AC |
| Zoning | LARA - 3.74 acres is zoned “RA” SUBURBAN ZONE; 0.7 acre is zoned “R1” ONE-FAMILY ZONE; 0.42 acre is unzoned and part of prior public street. |
1 Lot Available
Lot
| Price | $13,485,619 CAD | Lot Size | 4.91 AC |
| Price Per AC | $2,746,561.90 CAD |
| Price | $13,485,619 CAD |
| Price Per AC | $2,746,561.90 CAD |
| Lot Size | 4.91 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,425,078 CAD | |
| Land Assessment | $9,975,543 CAD | Total Assessment | $11,400,620 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$9,975,543 CAD
Improvements Assessment
$1,425,078 CAD
Total Assessment
$11,400,620 CAD
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