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Warner Center Plan with FAR of 4 with Over 210 Square Foot Frontage on De Soto Ave

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Warner Center Plan with FAR of 4 with Over 210 Square Foot Frontage on De Soto Ave Prime Opportunity For Additional Information or To Schedule a Tour: Development – Mixed Use Multi – Family / Commercial or Broker – Investment Advisor Assisted Living Cell: (818) 667-1133 DRE: 00996541 This information herein has been furnished from sources which we deem reliable, but for which we assume no liability. The information contained herein is given in confidence, with the understanding that all negotiations pertaining to this property be handled through the submitting office. All measurements are approximate. Potential project description for development: New mixed use development consisting of 165,000 square feet of residential up to 200 units plus 30,000 + square feet of commercial space. This parcel of land of approximately 1.377 acres is situated in the Warner Center plan with FAR of 4 with over 210 square foot frontage on De Soto Ave. In a radius of 500-800 feet there are three brand new developments under way that consists of Ideal Opportunity for Owner/User 900 units plus a few more in the entitlement process. or Developer With the absorption rate of Warner Center this project can be completed› Currently 31,902 and Single stabilized Story immediately after above mentioned projects. The advantage is “location”Warehouseon De Soto Avenue compared to all three above mentioned projects. › Ability to Develop up to This opportunity is for developers with a vision of infill development opportunities4.0FAR: along side of two master plans (Westfield & 555) within Warner Center 2035 plan. › Approximately 200,000 SF of RidtilResidential an dMidUd Mixed Use Westfield Master plan consists of 244,000 square feet of retail, 692,000 squareSpace feet of office space, two Hotels with 572 guest rooms, and 320,000 square feet of entertainment and a Sports Center in Downtown Warner Center. › 63,639 S.F. of LAMWC Zoned Land The ownership has done a preliminary check for entitlement process and timing is impeccable for right group of developer to under take the project with great IRR & multiple for return at stabilization. Price to be determined. 6033 De Soto Avenue Woodland Hills, CA 91367 2 LIVE WORK PLAY DEVELOPMENT OPPORTUNITY Currently a 31,902 square feet single story warehouse with mezzanine to create opportunity to develop up to 4.0 FAR: approximately 200,000 square feet of residential and mixed use space. LAMWC zoned land. Wes tfie ld Village at Topanga Pierce College AMC Prome nade Victory Boulevard 6033 De Soto Ave. Erwin Street Warner Center Park Oxnard Street Califa Street Burbank Boulevard 101 e Soto Avenue DD Ventura Boulevard 101 101 6033 De Soto Avenue, Woodland Hills, CA 91367 3 6033 De Soto Avenue Woodland Hills, CA Ideal Opportunity for Owner/User or Developer › Currently 31,902 Single Story Warehouse › Ability to Develop up to 4.0FAR: › Approximately 200,000 SF of RidtilResidential an dMidUd Mixed Use Space › 63,639 S.F. of LAMWC Zoned Land 6033 De Soto Avenue Woodland Hills, CA 91367 4 6033 De Soto Ave. 6033 De Soto Avenue Woodland Hills, CA 91367 5 Warner Center 2035 Plan Designed to serve as a development blueprint for Warner Center, The Warner Center 2035 Plan (WC 2035 Plan) was adopted by the Los Angeles City Council in December of 2013. Its itinten tis to ftfoster midixed-use and tittransit-oritdiented dldevelopmen t,with an emphihasison walk WARNER CENTER ability and sustainability. 2035 PLAN WC 2035 Plan approved zoning that allows for up to 20 million additional square feet of commercial space,14 million additional square feet of non-residential space, 20,000 additional residential units - all creating approximately 49,000 additional jobs. The Commerce District will include Activity Nodes and Active Street Frontages. Until replaced by an equivalent capacity circulator transit system connected to the Orange Line, the Orange Line is intended to serve the District at a new station to be located in the vicinity of Variel Avenue and Oxnard Boulevard. Public streets within the District will serve multiple modes of transit to provide complete modal networks within the plan area.” A base minimum Floor Area Ratio of 4.5:1 is allowed throughout the Commerce District and, based on the specific FAR of the Subjjpyect Property dldevelopment project, resident ia l dldevelopment 6033 De Soto Avenue is allowed in a sliding scale up to 50% of the total footage. There are no height restrictions. 6033 De Soto Avenue Woodland Hills, CA 91367 6 . WARNER CENTER The Warner Center, a 1.7 square mile village located in the West San Fernando Valley community of Woodland Hills, is undergoing a wave of urbanization. The Developer-friendly Warner Center 2035 Plan, adopted in 2013, states the goal of “creating a vibrant Ideal Opportunity for Owner/User Transit Oriented District area or Developer based upon sustainability, community connectedness, 14 Million Square Feet Of Non-Residential Buildings › Currently 31,902 Single Story accessible public transit, and Warehouse promotion of innovative businesses, job diversity, and a › Ability to Develop up to safe and friendly pedestrian 145,986 4.0FAR: environment.” The purpose of the Estimated Households (5 Miles) WC 2035 Plan is to provide “A growth strategy that encourages › Approximately 200,000 SF of and incentivizes infill development RidtilResidential an dMidUd Mixed Use and redevelopment of existing 131,560 Space properties.” Pop. with College Degree (5 Miles) › 63,639 S.F. of LAMWC Zoned Land 1, 096, 906 Total Population (10 Miles) $547,943 Average Home Value (5 Miles) 6033 De Soto Avenue Woodland Hills, CA 91367 7 . LOCATION Warner Center Ideal Opportunity for Owner/User orSAN Developer FERNANDO VALLEY The San Fernando Valley is the › nation’sCurrently 7th largest 31,902 region Single with Story 850Warehouse,000 jo bs and 1. 8 million residents in a 10 mile radius. › Ability to Develop up to 4.0FAR: $97,835 › ApproximatelyAverage Household 200,000 SF Income of RidtilResidential an dMidUd Mixed Use Space517,412 › 63,639Estimated S.F. of LAMWC Households Zoned Land 1, 236, 037 Total Employees $525,065 Average Home Value 6033 De Soto Avenue Woodland Hills, CA 91367 8 . relocation of its corporate headquarters to Virginia, Northrop SAN FERNANDO VALLEY Grumman retains its Navigation Systems Division in Woodland Hills, as well as its facility in Van Nuys. The San Fernando Valley is comprised of nearly 350 square miles of prime southland real estate, and home to nearly 1.8 million Additionally, Raytheon operates a facility in Van Nuys as an residents. Additionally, the valley serves as a suburb for the Los extension of its branch in El Segundo, while several other major Angeles basin, and is home to nearly half of the City of Los aerospace companies, including Aerojet Rocketdyne, and Hydraulics Angeles’ residents. The San Fernando Valley is defined and International all have significant presence in the San Fernando bounded by the Simi Hills to the West, the Santa Susana Valley. The San Fernando Valley is also home to additional Mountains, and the San Gabriel Mountains to the north, the manufacturers that supply several industries, including the Chalk Hills to the south, and the Verdugo Mountains to the east. aerospace industry, such as Capstone Turbine in Chatsworth, which manufactures microturbines, and Natel Engineering, which The economy of the San Fernando is based ppyrimarily around manufacturers electronic components for medical, defense, and several major industry clusters, including the Entertainment telecommunications services. Lastly, the San Fernando Valley is a Industry, the Aerospace Industry, as well as the Healthcare major center of healthcare and insurance. The region is home to Industry. Three of the “Big Six” major Hollywood Film Studios, several Fortune 500 companiesIdeal that Opportunity specialize in for insurance Owner/User and Universal Pictures, Warner Bros., and Walt Disney Studios, are healthcare, including Health Netor Developer Inc. and Farmers Insurance located in the eastern San Fernando Valley. Exchange, which are located in Woodland Hills. Additionally, the multinational biopharmaceutical company› Currently Amgen 31,902 Inc. Single is located Story in For much of the San Fernando Valley’s history, the aerospace nearby Thousand Oaks. Warehouse industry has featured prominently in the economy. Despite the › Ability to Develop up to 4.0FAR: › Approximately 200,000 SF of RidtilResidential an dMidUd Mixed Use Space › 63,639 S.F. of LAMWC Zoned Land 6033 De Soto Avenue Woodland Hills, CA 91367 9 . Standards for the Commerce District Include: COMMERCE Uses Graduated FAR Table DISTRICT A wide variety of uses are allowed including (but not Minimum Maximum limited to): Medical and Dental Offices; General Offices; FAR Non‐Residential Residential Personal Services; Educational Institution or Educational Floor Area Floor Area Services; Hospp,itals, Libraries, Health Care Services; Performing Arts; Museums; Transit-Related; Hybrid Industrial; Sound Recording; Warehousing and Storage; >1.0 100% 0% Elder-care Facilities; Health-related Residential and Care Ideal Opportunity for Owner/User Facilities; Live/Work Units; Multiple Residential Dwelling or Developer > 1.0 up to 1.25 95% 5% Units; Senior Housing; Art Gallery; Dance, Pilates, Yoga or Martial Arts Studios; Vehicle Display; Restaurants, › Currently 31,902 Single Story > 1.25 up to 1.5 90% 10% Bars and Cafes; Retail Stores; Theater; Supermarket; Warehouse Animal Hospitals, Clinics and Kennels; Banks and Financial Institutions; Business Support Services; > 1.5 up to 1.75 85% 15% Catering; Day Care; Dry Cleaners; Gymnasiums, Health › Ability to Develop up to Clubs; Hotels and Motels; Places of Worship; Community > 1.75 up to 2.04.0FAR: 80% 20% Centers. › Approximately 200,000 SF of Intensity > 2.0 up to 2.25 75% 25% RidtilResidential an dMidUd Mixed Use A base maximum FAR of 4.5:1 shall be permitted for all > 2.25 up to 2.5Space 70% 30% lots within this District. > 2.5 up to 2.75› 63,639 S.F.
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