6633 Canoga Ave - Uptown at Warner Center (U@WC)
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6633 Canoga Ave - Uptown at Warner Center (U@WC)
46.78 Acres of Commercial Land in Canoga Park, CA 91303
Investment Highlights
- Los Angeles’ Uptown at Warner Center (“U@WC”) is a one-of-a-kind SoCal development opportunity that can accommodate almost all types of development.
- Since January '22, there have been roughly $1.4B in real estate transactions within a mile of U@WC, perhaps the most active sales market in LA County.
- Kroenke-related entities (“TKG”) have purchased $600M+ of the $1.4B of sales with all sites located 1 block south of U@WC, including NFL Rams HQ plans
- U@WC is across the street from Westfield’s 1.6M SF Topanga Mall and TKG’s recently acquired The Village, 550,000 SF built by Westfield in 2015.
- U@WC has major street frontage: ~1,850 feet on Canoga Avenue, ~1,150 feet on Vanowen Street, and ~650 feet on Victory Boulevard.
- U@WC is 1.3 miles north of the Ventura (101) Freeway with convenient access via the Canoga Ave, De Soto Ave, and Topanga Canyon Blvd on/off ramp.
Executive Summary
Uptown at Warner Center is a one-of-a-kind development opportunity spanning over 46 acres of land in the City of Los Angeles. The project can accommodate almost all types of real estate uses and has seen nearly $1.4B of real estate transactions within a few blocks of the project from Q1 2022 thru Q2 2023. Within a block of the project are over 2.1M SF of retail amenities, including the newly TKG-acquired Village at Topanga (~550,000 SF) and the Westfield Topanga (~1.6M SF), Costco, Target, and much more. The NFL’s Los Angeles Rams have submitted plans to the City to develop the future Rams practice facility less than a half mile to the south of the project down Canoga Avenue or Owensmouth Avenue.
The Warner Center area has a diverse and robust roster of prominent media & entertainment, insurance, healthcare, technology, defense, and finance corporations. To promote and maintain the area’s high image, the City created and approved The WC 2035 Plan. This Plan represents the local government’s support for Warner Center’s systematic development, especially as a Transit Oriented Development (TOD) and is a blueprint to enhance the district with high-density, pedestrian-friendly TODs while nurturing a “Live/Work/Play” environment for all living, working and visiting the area.
The Uptown District of The WC 2035 Plan is likely the most diverse and dense district in the Plan. The Uptown District will provide jobs with a balance of housing to create a complete neighborhood with its TOD opportunities and immediate proximity to the Metro Orange Line. Redevelopment of properties in the district will create new private streets to allow for more walkable blocks with more convenient access to public transportation and nearby amenities.
The San Fernando Valley (“SFV”), or “the Valley” as it is generally known, is the nation’s epicenter of the film and television industry, with nearly 1.8M residents and thousands of businesses. If the Valley were a standalone City, it would be the 7th largest in the United States.
For Documentation and Links, please REGISTER IN THE DATA ROOM.
The Warner Center area has a diverse and robust roster of prominent media & entertainment, insurance, healthcare, technology, defense, and finance corporations. To promote and maintain the area’s high image, the City created and approved The WC 2035 Plan. This Plan represents the local government’s support for Warner Center’s systematic development, especially as a Transit Oriented Development (TOD) and is a blueprint to enhance the district with high-density, pedestrian-friendly TODs while nurturing a “Live/Work/Play” environment for all living, working and visiting the area.
The Uptown District of The WC 2035 Plan is likely the most diverse and dense district in the Plan. The Uptown District will provide jobs with a balance of housing to create a complete neighborhood with its TOD opportunities and immediate proximity to the Metro Orange Line. Redevelopment of properties in the district will create new private streets to allow for more walkable blocks with more convenient access to public transportation and nearby amenities.
The San Fernando Valley (“SFV”), or “the Valley” as it is generally known, is the nation’s epicenter of the film and television industry, with nearly 1.8M residents and thousands of businesses. If the Valley were a standalone City, it would be the 7th largest in the United States.
For Documentation and Links, please REGISTER IN THE DATA ROOM.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Title and Insurance
- Miscellaneous
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 46.78 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 46.78 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Lot Size | 46.78 AC |
| Lot Size | 46.78 AC |
3 Separate Parcels that total ~46.784 Acres with 3 APNs: 2139-001-003: 8.747 Ac (381, 012 SF) – 21600 Vanowen St | 2139-001-004: 6.783 Ac (295,480 SF) – 6733 Canoga Ave | 2139-001-007: 31.254 Ac (1,361,437 SF) – 6633 Canoga Ave (Geotracker)
Description
Three (3) Separate Parcels that total ~46.784 AC with three (3) APNs: 2139-001-003: 8.747 AC (381,012 SF) – 21600 Vanowen Street 2139-001-004: 6.783 AC (295,480 SF) – 6733 Canoga Avenue 2139-001-007: 31.254 AC (1,361,437 SF) – N/A (6633 Canoga Ave – Address referenced on Geotracker) TOTAL: 3 Parcels – 46.784 AC or 2,037,929 SF
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $67,391,541 | Total Assessment | $67,391,541 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$67,391,541
Improvements Assessment
$0
Total Assessment
$67,391,541
zoning
| Zoning Code | (WC)C/I-145/1.25 (Warner Center 2035 Plan (Uptown District): (WC)C/I-145/1.25 ZI: 2374 (SEZ), 2358 (RIO), 2498, 2452 (Transit), 1870 (WC SP), 1117 (ROW) & 1946 (DevAg)) |
| (WC)C/I-145/1.25 (Warner Center 2035 Plan (Uptown District): (WC)C/I-145/1.25 ZI: 2374 (SEZ), 2358 (RIO), 2498, 2452 (Transit), 1870 (WC SP), 1117 (ROW) & 1946 (DevAg)) |
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6633 Canoga Ave - Uptown at Warner Center (U@WC)
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