2 Locations

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.