21155 & 21255 Califa Street
Office | 119,080 SqFt
Marketing description
Lee & Associates is pleased to present a rare, large-scale development opportunity located at 21255 Califa Street in the heart of Woodland Hills, within the boundaries of the Warner Center 2035 Specific Plan.
This combined 5.27-acre site (±229,525 SF) is positioned within one of the most transformative submarkets in Los Angeles, offering immediate access to the Topanga Mall, The Village, and the upcoming $10 billion Rams Village development by the Kroenke Group.
The property consists of 119,080 square feet of existing improvements, currently configured as office/flex building. Under the Warner Center 2035 Plan, the site supports a by-right floor area ratio (FAR) of 4.5:1, creating the potential for a high-density multifamily or mixed-use redevelopment.
This offering represents one of few remaining large land parcels in Warner Center, surrounded by over 6 million square feet of office, thousands of new residential units, and billions of dollars in planned investment. The site benefits from excellent access via Ventura Freeway (US-101), proximity to the Metro Orange Line, and a walkable location near dining, retail, and entertainment hubs.
Investment highlights
- Strong Submarket Multifamily Fundamentals — 94.6% Apartment Occupancy Rates and 2.8% Year-Over Year Rent Growth
- Development-Oriented Zoning for Vertical Mixed-Use Development — Maximum FAR of 4.5: 1 with a total gross building square footage of up to approximately 1,500,000 square feet. The WC 2035 Plan promotes a vibrant, transit-oriented district centered on sustainability, public transit access, community connectivity, and walkable urban design.
- Outstanding Location — Walking distance to the planned $10B Rams Village development, the open-air retail center The Village, and the Westfield Topanga Mall.
- High Demand For Affordable Housing and Commercial, Retail and Medical Amenities — The increase in residential living due to the success of the updated Warner Center Specific Plan has necessitated an increase in services to cater to the local residents.
- Live-Work-Play Destination — Guided by the Warner Center 2035 Specific Plan, the area is being transformed into a thriving, mixed-use urban hub designed for walkability, sustainability, and seamless access to transit—where residents can live, work, and unwind all in one connected community.
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