8213-8217 Winnetka Ave
Winnetka, CA 91306
Land For Sale · 1.46 AC

Floyd Shaheen of Marcus & Millichap is pleased to present 8213-8217 Winnetka Ave, a 1.46 Acre (63,756 square feet) two parcel site in the heart of the highly affluent West San Fernando Valley. The property is currently operating as a school and comprised of four buildings totaling 10,656 square feet. 8213-8217 Winnetka Avenue is located just South of Roscoe Boulevard and is within the boundary of the highly anticipated Southwest Valley Community Plan. There are two parcels zoned RD2-1 and RA-1 designated Tier 2 TOC, which allows for a density bonus of up to 40 units to be built (36 RD zone / 4 RA Zone). The highly influent West Valley has seen an unprecedented increase in development creating over 80,000 new jobs, 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, and a projected 20,000 residential units. This truly rare offering will be delivered vacant, making way for the ideal owner/user or development scenario. Ideally situated in the heart of a dense, infill trade area featuring over 191,882 residents and average household incomes exceeding $118,621 within a 1-mile radius and over 438,267 residents and average household incomes exceeding $128,857 within a 5-mile radius. Daily traffic counts on Winnetka Ave exceed 27,000 cars a day. 8213-8217 Winnetka Avenue is located within minutes of the surrounding highly developed Northridge and Warner Center submarkets. With over 2 million residents and 850,000 jobs in the densely populated San Fernando Valley, there is a strong push from the city of Los Angeles to increase development with the future implementation of the Southwest Valley Community Plan. The Westfield Promenade, located within minutes from the subject property, slated for a $1.5 billion renovation, was just purchased by the owner of the Los Angeles Rams, Stan Kroenke, as well as Uptown at Warner Center receiving a $3 billion capital infusion to complete a mixed-use development. Nearby major employers include: Kaiser Permanente, Anthem, Activision, Marriott, Farmers Insurance, Universal Music Group, California State University of Northridge, Zenith Insurance, Thermo Fisher Scientific and Healthnet.