Warner Square — Sale in Canoga Park, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Canoga Park, CA 91303

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Description

Marcus & Millichap is pleased to offer a rare ±65,776 square foot (±1.51-acre) redevelopment opportunity in the heart of Canoga Park’s rapidly transforming Warner Center district. Positioned along highly trafficked Victory Boulevard and zoned UTC within the Warner Center Specific Plan (Uptown-SN-RIO), the property provides investors with the unique combination of in-place cash flow and substantial long-term development potential. Existing tenants operate under development-friendly lease structures, allowing ownership to pursue entitlement and redevelopment strategies while maintaining income during the planning process. The site offers significant upside, with zoning that allows for a large mixed-use project of up to 258 residential units with ground-floor retail, subject to applicable density provisions and approvals. Located within the path of growth surrounding Warner Center, the property is positioned to benefit from the area’s continued evolution into the urban core of the San Fernando Valley. Further enhancing the opportunity is the property’s proximity to the proposed Rams Village at Warner Center, a transformative 52-acre, $10 billion mixed-use development anchored by the Los Angeles Rams’ permanent headquarters and training facility. The project is planned to include residential housing, office space, retail, hospitality, entertainment venues, public gathering spaces, and a state-of-the-art training campus, creating a major economic and lifestyle destination for the West Valley and driving long-term demand for housing, retail, and commercial real estate throughout the surrounding area. [leegie.com], [gensler.com] Surrounded by premier regional destinations including Westfield Topanga, The Village, Pierce College, and numerous employment centers, this offering represents an exceptional opportunity to acquire a strategic land holding with current income, zoning flexibility, and significant redevelopment potential in one of Los Angeles’ most dynamic growth cor

Market Context

This mixed use in Canoga Park, CA is listed for sale. Compare it against other mixed use listings for sale in Canoga Park, CA — view the full market.

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