Best-priced Development Opportunity in Canoga Park; Property delivered with RTI permits for 16 units and on-grade parking; offered at a competitive price of $1,490,000 or $93,125 per door; three (3) low income units; 9 parking spaces; building height of 56feet and 5 stories; Opportunity zone; Average unit size of 848 square feet; Zoning R3-TOC Tier 2; Dense rental market; Easy access to the 101, 405, 118 and Interstate 5 Freeways; Marketing package attached under "Docs". Site surrounded by affluent neighborhoods of Warner Center, Woodland Hills, West Hills, and Hidden Hills. The property is located in close proximity to Warner Center, a leading commercial center with world class housing, convenient access to public transportation, and state of the art entertainment, shopping, and diningfacilities. Three major shopping centers, Westfield Topanga mall, Westfield The Village pedestrian-oriented community, andWestfield Promenade (to be completed by 2035 with an estimated capital infusion of $1.5 billion dollars) are located within a shortdistance from the subject site.
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