Brick+Work

Warner Center 93k sq. ft. Corner Property

Canoga Park

Warner Center 93k sq. ft. Corner Property

APN: 2148-029-033

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(WC)NORTHVILLAGE-SN-RIO
Zone/District
No Residential Density Limit
Max Unit
93,206 sq. ft.
Lot Size
Tier 3
TOC
1
Lots
Existing Conditions
Floor Area 24,411 sq. ft.
Units 0
Year Constructed 1969
Assessed Improvement Value $1,509,733
Assessed Land Value $2,611,834
Development Potential (By-Right)
Maximum FAR 4.5:1
Maximum Height
Feet

None

minimum 35 ft. street wall; projects over 75 ft. subject to mitigation review

Stories

None

Minimum Setbacks
Front

12 ft.

A minimum of 30% of the required setback shall be landscaped.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 90,626 sq. ft.
Max Buildable Area, Envelope 419,427 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required None
Parking Required at least 1 space per unit; plus .25 spaces per unit for guest parking
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None Required
Required Open Space Must provide publicly accessible open space equal to at least 15% of lot area
Other Development Notes
Development Potential (with TOC or DB)
Maximum FAR 6.525:1
Maximum Height
Feet

None

minimum 35 ft. street wall; projects over 75 ft. subject to mitigation review

Stories

None

Minimum Setbacks
Front

12 ft.

Side

0 ft.

Back

0 ft.

Max Buildable Area, Footprint 90,626 sq. ft.
Max Buildable Area, Envelope 608,169 sq. ft.
Max Dwelling Units No Residential Density Limit
Affordable Units Required at least 10% for Extremely Low Income, or 14% for Very Low Income, or 23% for Low Income
Parking Required Shall not exceed .5 space per unit
Required Bicycle Parking
Long Term 1 space per unit for units 0-25; 1 spaces per 1.5 units for units 26-100; 1 spaces per 2 units for units 101-200; 1 spaces per 4 units for units 201+
Short Term 1 space per 10 units for units 0-25; 1 spaces per 15 unit for units 26-100; 1 spaces per 20 units for units 101-200; 1 spaces per 40 unit for units 201+
Transitional Height Limitations None Required
Required Open Space Up to 25% decrease in required open space
Other Development Notes
Jurisdictional
Legal Description Lot B, TR P M 2772
Land Use Regional Center Commercial
Area Planning Commission South Valley
Community Plan Area Canoga Park-Winnetka-Woodland Hills-West Hills
Neighborhood Council Woodland Hills-Warner Center
Council District 3
Councilmember Bob Blumenfield
Red Flags
Property is subject to the requirements of the Warner Center Specific Plan, which could limit the development potential of the site
Property is subject to the River Improvement Overlay zone, which could limit the design of a project on the site.
Project is within a State of California Opportunity Zone, which could allow for tax incentives for a redevelopment project on this site.
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Particulars By-Right TOC or DB
Total Buildable
Net Buildable
Average Construction Cost
Total Construction Budget
Total Soft Costs
Total Development Budget
Gross Annual Rents
Expenses (25%)
NOI
Valuation
Equity After Completion
Equity Multiple
IRR

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