This information herein has been furnished from sources ... · Catering; Day Care; Dry Cleaners; Gymnasiums, Health Clubs; Hotels and Motels; Places of Worship; Community Centers

Prime Opportunity

Development – Mixed Use

For Additional Information or To Schedule a Tour:

Multi – Family / Commercial or Assisted Living

Broker – Investment AdvisorCell: (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

.

New mixed use development consisting of 165,000 square feet of residential up to 200 units plus30,000 + square feet of commercial space.

This parcel of land of approximately 1.377 acres is situated in the Warner Center plan with FAR of4 with over 210 square foot frontage on De Soto Ave.

Ideal Opportunity for Owner/User or Developer

› Currently 31,902 Single Story Warehouse

In a radius of 500-800 feet there are three brand new developments under way that consists of900 units plus a few more in the entitlement process.

With the absorption rate of Warner Center this project can be completed and stabilizedimmediately after above mentioned projects The advantage is “location” on De Soto AvenueWarehouse

› Ability to Develop up to 4.0FAR:

› Approximately 200,000 SF of R id ti l d Mi d U

immediately after above mentioned projects. The advantage is location on De Soto Avenuecompared to all three above mentioned projects.

This opportunity is for developers with a vision of infill development opportunities along side oftwo master plans (Westfield & 555) within Warner Center 2035 plan.

Residential and Mixed Use Space

› 63,639 S.F. of LAMWC Zoned Land

Westfield Master plan consists of 244,000 square feet of retail, 692,000 square feet of office space,two Hotels with 572 guest rooms, and 320,000 square feet of entertainment and a Sports Centerin Downtown Warner Center.

The ownership has done a preliminary check for entitlement process and timing is impeccable forThe ownership has done a preliminary check for entitlement process and timing is impeccable forright group of developer to under take the project with great IRR & multiple for return atstabilization.

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.

W tfi ld VillWestfield Villageat Topanga

AMC Promenade

Pierce College

Erwin Street

Victory BoulevardC o e ade

Warner Center Park

6033 De Soto Ave.

Oxnard StreetCalifa Street

Burbank Boulevard

De

Soto

Ave

nue

101

101

D

Ventura Boulevard

6033 De Soto Avenue, Woodland Hills, CA 91367 3

101

6033 De Soto AvenueWoodland Hills, CA


› Currently 31,902 Single Story WarehouseWarehouse


› Approximately 200,000 SF of R id ti l d Mi d UResidential and Mixed Use Space



6033 De Soto Ave.


Warner Center 2035 PlanDesigned to serve as a development blueprint for Warner Center, The Warner Center 2035Plan (WC 2035 Plan) was adopted by the Los Angeles City Council in December of 2013. Itsi t t i t f t i d d t it i t d d l t ith h i lk WARNER CENTERintent is to foster mixed-use and transit-oriented development, with an emphasis on walkability and sustainability.

WC 2035 Plan approved zoning that allows for up to 20 million additional square feet ofcommercial space,14 million additional square feet of non-residential space, 20,000 additionalresidential units - all creating approximately 49 000 additional jobs

2035 PLAN

residential units all creating approximately 49,000 additional jobs.

The Commerce District will include Activity Nodes and Active Street Frontages. Untilreplaced by an equivalent capacity circulator transit system connected to the Orange Line, theOrange Line is intended to serve the District at a new station to be located in the vicinity ofVariel Avenue and Oxnard Boulevard. Public streets within the District will serve multiple

Subject Property

modes of transit to provide complete modal networks within the plan area.”

A base minimum Floor Area Ratio of 4.5:1 isallowed throughout the Commerce Districtand, based on the specific FAR of thed l j id i l d l

j p y6033 De Soto Avenuedevelopment project, residential development

is allowed in a sliding scale up to 50% of thetotal footage. There are no height restrictions.


.

WARNER CENTERThe Warner Center, a 1.7 squaremile village located in the WestSan Fernando Valley community ofWoodland Hills, is undergoing awave of urbanization. TheDeveloper-friendly Warner Center



Developer friendly Warner Center2035 Plan, adopted in 2013, statesthe goal of “creating a vibrantTransit Oriented District areabased upon sustainability,community connectedness,accessible public transit, and

14 Million Square FeetOf Non-Residential Buildings

Warehouse



p ,promotion of innovativebusinesses, job diversity, and asafe and friendly pedestrianenvironment.” The purpose of theWC 2035 Plan is to provide “Agrowth strategy that encourages

145,986Estimated Households (5 Miles)



and incentivizes infill developmentand redevelopment of existingproperties.”

131,560Pop. with College Degree (5 Miles)

1 096 9061,096,906Total Population (10 Miles)

$547,943Average Home Value (5 Miles)


.

LOCATIONLOCATION



Warner Center SAN FERNANDO VALLEY

The San Fernando Valley is the nation’s 7th largest region with 850 000 j b 1 8 illi Warehouse



850,000 jobs and 1.8 million residents in a 10 mile radius.

$97,835Average Household Income



517,412Estimated Households

1 236 0371,236,037Total Employees

$525,065Average Home Value


. SAN FERNANDO VALLEYThe San Fernando Valley is comprised of nearly 350 square milesof prime southland real estate, and home to nearly 1.8 millionresidents. Additionally, the valley serves as a suburb for the Los

relocation of its corporate headquarters to Virginia, NorthropGrumman retains its Navigation Systems Division in Woodland Hills,as well as its facility in Van Nuys.

Additionally, Raytheon operates a facility in Van Nuys as anextension of its branch in El Segundo, while several other majorresidents. Additionally, the valley serves as a suburb for the Los

Angeles basin, and is home to nearly half of the City of LosAngeles’ residents. The San Fernando Valley is defined andbounded by the Simi Hills to the West, the Santa SusanaMountains, and the San Gabriel Mountains to the north, theChalk Hills to the south, and the Verdugo Mountains to the east.

The economy of the San Fernando is based primarily around

extension of its branch in El Segundo, while several other majoraerospace companies, including Aerojet Rocketdyne, and HydraulicsInternational all have significant presence in the San FernandoValley. The San Fernando Valley is also home to additionalmanufacturers that supply several industries, including theaerospace industry, such as Capstone Turbine in Chatsworth, whichmanufactures microturbines, and Natel Engineering, whichmanufacturers electronic components for medical, defense, and



y p yseveral major industry clusters, including the EntertainmentIndustry, the Aerospace Industry, as well as the HealthcareIndustry. Three of the “Big Six” major Hollywood Film Studios,Universal Pictures, Warner Bros., and Walt Disney Studios, arelocated in the eastern San Fernando Valley.

For much of the San Fernando Valley’s history, the aerospace

p , ,telecommunications services. Lastly, the San Fernando Valley is amajor center of healthcare and insurance. The region is home toseveral Fortune 500 companies that specialize in insurance andhealthcare, including Health Net Inc. and Farmers InsuranceExchange, which are located in Woodland Hills. Additionally, themultinational biopharmaceutical company Amgen Inc. is located innearby Thousand Oaks. Warehouse



y y pindustry has featured prominently in the economy. Despite the

y




.

COMMERCE Standards for the Commerce District Include:

COMMERCE DISTRICT

Uses

A wide variety of uses are allowed including (but notlimited to): Medical and Dental Offices; General Offices;Personal Services; Educational Institution or EducationalServices; Hospitals, Libraries, Health Care Services;

Graduated FAR Table

FARMinimum

Non‐Residential Floor Area

MaximumResidentialFloor Area



; p , , ;Performing Arts; Museums; Transit-Related; HybridIndustrial; Sound Recording; Warehousing and Storage;Elder-care Facilities; Health-related Residential and CareFacilities; Live/Work Units; Multiple Residential DwellingUnits; Senior Housing; Art Gallery; Dance, Pilates, Yogaor Martial Arts Studios; Vehicle Display; Restaurants,Bars and Cafes; Retail Stores; Theater; Supermarket;

>1.0 100% 0%

> 1.0 up to 1.25 95% 5%

> 1.25 up to 1.5 90% 10%Warehouse



pAnimal Hospitals, Clinics and Kennels; Banks andFinancial Institutions; Business Support Services;Catering; Day Care; Dry Cleaners; Gymnasiums, HealthClubs; Hotels and Motels; Places of Worship; CommunityCenters.

Intensity

> 1.5 up to 1.75 85% 15%

> 1.75 up to 2.0 80% 20%

> 2.0 up to 2.25 75% 25%Residential and Mixed Use Space


y

A base maximum FAR of 4.5:1 shall be permitted for alllots within this District.

Permitted Development by Floor Area

All Projects shall provide a minimum percentage of Non-

> 2.25 up to 2.5 70% 30%

> 2.5 up to 2.75 65% 35%

> 2.75 up to 3.0 60% 40%j p p g

Residential floor area, based on the Total FAR of theProject, as follows: > 3.0 50% 50%


.Already home to numerous high quality apartmentcomplexes, Warner Center is experiencing a new boom ofhousing development. A steady stream of new projects isalready underway as a result of the passage of the WC2035 Plan removing height restrictions and increasing

3) Developer California Home Builders is also in plans tobuild a project that would include more than 290,000 feet ofresidential space with approximately 70,000 feet of mixeduse at the northwest corner of De Soto and Erwin; 4)Developer Michael Adler has filed plans to re-develop

LIVE2035 Plan removing height restrictions and increasingFAR (floor area ratio) thus permitting much higherdensity. Just a few developments in the immediatepipeline include: 1) Evolution Warner Center, a 277-unitapartment building which has broken ground and isexpected to be complete fall of 2019; 2) Q East and QWest, approximately 600 new units, which will bedeveloped by California Home Builders;

Developer Michael Adler has filed plans to re-developWarner Center Corporate Park into more than 1 millionsquare feet of offices, 80,000 square feet of restaurants andretail, 1,000 residential units and 68 live-work units with a228 room hotel; 5) Developer BCEG InternationalInvestment-US, Inc. plans to begin construction in Februaryon a seven-story project consisting of 274 new apartmentsand 11 live/work units due for completion in December



developed by California Home Builders; and 11 live/work units due for completion in December2019.

Warehouse



› 63,639 S.F. of LAMWC Zoned LandWarner Center boasts a wealth of educational

opportunities for both career advancement as well asmere enjoyment - thus creating a highly educatedj y g g yworkforce…


.

WORKAnd this highly educated and plentiful workforce inturn attracts excellent employment opportunities in awide variety of sectors in prestigious enterprises locatedin Warner Center.


› Currently 31,902 Single Story WarehouseWarehouse





.

PLAY



The Village at Westfield Topanga, an urban Lifestyle Centeropened in 2016, is a mixed-use retail and entertainmentdevelopment designed to be a community destination andgathering place in the heart of the West Valley. The Village isadjacent to the Westfield Topanga Mall home to over 260Warehouse



adjacent to the Westfield Topanga Mall, home to over 260premier retailers including Nordstrom and Neiman Marcus.Westfield is underway with plans to demolish its olderPromenade Mall and replace it with an expansive, $1.5 billionmixed-use complex with nearly 1,500 residences, offices, twohotels, a 15,000 seat sports/concert venue including a 1-acrepark, known as Promenade Square, that could host outdoormovie nights The Westfield Big 3 project will include over oneResidential and Mixed Use

Space


movie nights. The Westfield Big 3 project will include over onemillion square feet of uses on 30.67 acres of land withinWarner Center.


.

d and EAT



In addition to Westfield Malls and Destination Outdoor Gathering Areas - both existing and in development - Warner Center isblessed with a plethora of shopping opportunities - big box and smaller centers. Dining options - both casual and elegant -abound...and all of this in a 1.7 square mile area!

Warehouse





.

METRO RAIL

In October 2005, the Orange Line wasestablished creating an east-west link across theS F d V ll li ki W C t ithMETRO RAIL

& BUSWAYSan Fernando Valley linking Warner Center withNorth Hollywood and the Metro Red Line. In June2012, the Orange Line was expanded to include anorth-south line connecting Warner Center withChatsworth and the MetroLink system. TheOrange Line and the possible development of a



future internal circulator within Warner Center,similar to the DASH system in Downtown LosAngeles, are key to Warner Center’s future as atransit-oriented development.

Warehouse





Documents

This information herein has been furnished from sources ... · Catering; Day Care; Dry Cleaners; Gymnasiums, Health Clubs; Hotels and Motels; Places of Worship; Community Centers