6819 Variel Avenue
For Sale or JV | Multifamily Redevelopment in Prime Warner Center
Marketing description
The Boyett Team at CBRE is pleased to present a 9,003 SF redevelopment opportunity for sale or JV. The subject property is located in a prime Warner Center location, north of Vanowen Street and west of De Soto Avenue.
Zoned (WC)RIVER-SN-RIO, this property allows for an array of development options with no height limit, a base FAR of 4.5:1, and a loose requirement on density limits based only on the total subarea budget. The site is also being offered for JV, the current plans are nearly RTI for twenty-eight (28) units. The plans include four (4) studios / one-bathroom units, twenty (20) one- bedroom / one-bathroom units, and four (4) two-bedroom / one-bathroom units across six (6) stories.
Situated in a prime Warner Center location, this offering presents a rare opportunity for any developer to benefit from nearly RTI plans in one of the most builder-friendly submarkets of Los Angeles.
Investment highlights
- Prime Warner Center Location
- 9,003 SF Parcel Zoned (WC)RIVER-SN-RIO
- Strong Option to JV on Nearly RTI Plans for 28 Units
- Six (6) Unit Existing Improvements, Buyer to Verify SB8 Requirements
- Located within Warner Center Specific Plan which Boasts Desirable Development Standards
- Eligible for Reduced Parking Under AB 2097
- Located Just a Few Blocks North of Massive Redevelopment in & around Topanga Village
- Dominant Access to Commercial Corridors on Topanga Canyon Blvd, Vanowen St, & Canoga Ave
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