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7223 Remmet Ave
Canoga Park, CA 91303
Land For Sale
·
0.43 AC
Investment Highlights
- Prime West Valley Location Adjacent to Warner Center
- Delivered Fully Vacant & Ready for Strong By-Right Entitlements
- Major Density & Streamlining Upside Under MIIP or AHIP to Exceed 100+ Units
- 18,687 SF of Contiguous Land Across (3) Parcels Zoned [Q]C2-1VL-CDO
- Path for Up to 49 Units & 45ft Max Height By-Right
- Located Just a Few Blocks North of Massive Redevelopment in & around Topanga Village
Executive Summary
John Boyett and Bennett Robinson of CBRE are pleased to present an 18,687 SF redevelopment site for multifamily located at 7223-7231 Remmet Avenue, Canoga Park, California. The subject property is located in a prime West Valley location adjacent to Warner Center, east of Owensmouth Avenue and north of Sherman Way.
Zoned [Q]C2-1VL-CDO, this 18,687 SF site spans across three (3) contiguous parcels and delivers a strong by-right entitlement path for up to 49 residential units at a maximum height of 45 feet, with full flexibility for multifamily, mixed-use, or commercial development. The property qualifies for substantial density bonuses through LA’s Citywide Housing Incentive Program (via MIIP in a TOIA-2 tier or a 100% AHIP affordable project), sits in a Qualified Census Tract making it eligible for LIHTC financing, and is located within ½ mile of a major transit stop, allowing elimination of minimum parking requirements under AB 2097 and potential CEQA exemption or streamlined review for transit-priority projects. This creates a highly attractive, high-yield opportunity in a transit-rich area.
Situated in a prime West Valley location adjacent to Warner Center, this offering presents a rare opportunity for any developer to optimize a project under generous zoning allowances.
Zoned [Q]C2-1VL-CDO, this 18,687 SF site spans across three (3) contiguous parcels and delivers a strong by-right entitlement path for up to 49 residential units at a maximum height of 45 feet, with full flexibility for multifamily, mixed-use, or commercial development. The property qualifies for substantial density bonuses through LA’s Citywide Housing Incentive Program (via MIIP in a TOIA-2 tier or a 100% AHIP affordable project), sits in a Qualified Census Tract making it eligible for LIHTC financing, and is located within ½ mile of a major transit stop, allowing elimination of minimum parking requirements under AB 2097 and potential CEQA exemption or streamlined review for transit-priority projects. This creates a highly attractive, high-yield opportunity in a transit-rich area.
Situated in a prime West Valley location adjacent to Warner Center, this offering presents a rare opportunity for any developer to optimize a project under generous zoning allowances.
Property Facts
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.43 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | [Q]C2-1VL-CDO | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.43 AC |
| Opportunity Zone |
Yes |
| Zoning | [Q]C2-1VL-CDO |
1 Lot Available
Lot 3
| Lot Size | 0.43 AC |
| Lot Size | 0.43 AC |
Three Concurrent Parcels from 7223-7231 Remmet Avenue, Canoga Park, CA 91303
Property Taxes
| Parcel Numbers | Improvements Assessment | $448,251 CAD | |
| Land Assessment | $788,887 CAD | Total Assessment | $1,237,138 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$788,887 CAD
Improvements Assessment
$448,251 CAD
Total Assessment
$1,237,138 CAD
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