818-823-0832
21101-21163 Victory Blvd, Canoga Park, CA for Sale
Storefront Retail/Office - FOR SALE
1/14
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21101-21163 Victory Blvd
Canoga Park, CA 91303


HIGHLIGHTS

  • Prime Warner Center land play with ±1.51 acres on Victory Blvd in a rapidly transforming urban corridor.
  • Existing tenants generate income while preserving flexibility for future entitlements and redevelopment.
  • Potential for up to 258 mixed-use residential units with retail under Warner Center planning incentives.
  • Near proposed $10B Rams Village, driving future demand for housing, jobs, retail, and investment.
  • High-visibility Victory Blvd frontage with 34,266 VPD and convenient access to major West Valley hubs.
  • Strong long-term fundamentals supported by major retail, employers, education, and entertainment uses.

OVERVIEW

The Ovaness-Rostamian Group 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.? urther 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 corridors.?

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare Warner Center Development Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.51 AC

LAND SF

65,776 SF

ZONING

Uptown-SN-RIO

APN/PARCEL ID

2148-031-015

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.