Over ONE ACRE of prime commercial land, zoned C2-1VL-RIO. FULLY ENTITLED for 99 apartment units. Letter of Determination has been issued by the City of LA for Entitlements. Architectural design by renowned Ken Stockton Architects. Beautiful courtyard styled complex with Rec room, Business Lounge, and Fitness room. Unit sizes range from 560-934 sqft. Thoughtfully designed Unit mix of 18 Studios, 54 One bedrooms, and 27 Two bedroom units. 10 units go to affordable. Within 1.5 miles of Warner Center. Located on the border of Winnetka and Canoga Park, with one of the lowest vacancy rates in SoCal. 1 level subterranean (parking) plus one level above grade (parking) plus 3 additional levels of residential. 180 Car Parking spaces provided, plus 110 Bicycle parking stalls. Outstanding high visibility infill location in the heart of the San Fernando Valley. ALL PLANS AND REPORTS AVAILABLE UPON REQUEST. Phase I report completed and cleared. Property currently 100% occupied, current GOI $330,000 (approx). PROPERTY CAN BE DELIVERED VACANT BY COE.
