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Executive Summary
Lee & Associates is pleased to present a 5.27 AC development opportunity located at 21255 Califa Street in the heart of Woodland Hills, within the boundaries of the Warner Center 2035 Specific Plan.
The property consists of 119,080 square feet of existing improvements, currently configured as a 2 story office/flex building. Under the Warner Center 2035 Plan, the site supports a by-right floor area ratio (FAR) of 4.5:1, creating the potential for a high-density multifamily or mixed-use redevelopment.
The property consists of 119,080 square feet of existing improvements, currently configured as a 2 story office/flex building. Under the Warner Center 2035 Plan, the site supports a by-right floor area ratio (FAR) of 4.5:1, creating the potential for a high-density multifamily or mixed-use redevelopment.
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
119,080 SF
Building Class
B
Year Built
1978
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
59,540 SF
Slab To Slab
12’
Building FAR
0.52
Lot Size
5.27 AC
Zoning
LAWC
Parking
400 Spaces (3.36 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Signage
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2149-002-009 | Improvements Assessment | $7,744,948 |
| Land Assessment | $18,071,558 | Total Assessment | $25,816,506 |
Property Taxes
Parcel Number
2149-002-009
Land Assessment
$18,071,558
Improvements Assessment
$7,744,948
Total Assessment
$25,816,506
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21255 Califa St
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