±1.51 acre multifamily mixed-use development site …...the enclave at warner center. 195 units....

Laurie Lustig-BowerExecutive Vice President+1 310 550 [email protected]. 00979360

Kamran PaydarVice President+1 310 550 2529 [email protected]. 01242590

VICTORY BLVD

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VARIEL AVE

VARIEL AVE

CANOGA AVECANOGA AVE

KITTRID

GE ST

KITTRID

GE ST

±1.51 ACRE MULTIFAMILY MIXED-USE DEVELOPMENT SITEUP TO 4.5:1 FAR

LOCATED IN WARNER CENTER SPECIFIC PLANEXISTING IN-PLACE INCOME21161

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21161VICTORY BLVD

Zoo CultureRoyal OrchidFlooky’sThe Pampered Pet Hotel & SpaU-HaulFerguson Bath, Kitchen & Lighting Gallery

www.21161Victory.comOffers Due: Thursday, April 16, 2020 by 5:00 PM

Friday, May 15, 2020 by 5:00 PM(Extended due to COVID-19)

© 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBREneither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. TheInformation is protected by copyright and shall be fully enforced.

Layout ID:L04 MapId:6625797

PACIFIC OCEAN

405

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405

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LOS FELIZLOS FELIZ

DOWNTOWNDOWNTOWNLOS ANGELESLOS ANGELES

CHINATOWNCHINATOWN

HOLLYWOODHOLLYWOOD

ECHO ECHO PARKPARK

KOREATOWNKOREATOWNMID-WILSHIREMID-WILSHIRE

BEVERLY HILLSBEVERLY HILLS

SANTASANTAMONICAMONICA

VENICEVENICE

INGLEWOODINGLEWOOD

CULVER CITYCULVER CITY

CENTURY CITYCENTURY CITY

UNIVERSITY OF UNIVERSITY OF CALIFORNIA,CALIFORNIA,

LOS ANGELESLOS ANGELES

UNIVERSITY OF UNIVERSITY OF SOUTHERN CALIFORNIASOUTHERN CALIFORNIA

LAXLAX

KENNETH HAHN STATE KENNETH HAHN STATE RECREATION AREARECREATION AREA

CRENSHAWCRENSHAWMAR VISTAMAR VISTA

PLAYA DEL REYPLAYA DEL REY

VERNONVERNON

HUNTINGTONHUNTINGTONPARKPARK

SOUTH GATESOUTH GATE

SOUTHSOUTHLOS ANGELESLOS ANGELES

HIGHLAND HIGHLAND PARKPARK

WESTWESTHOLLYWOODHOLLYWOOD

MARINA MARINA DEL REYDEL REY

PICO UNIONPICO UNION

LEIMERT PARKLEIMERT PARK

GRIFFITH GRIFFITH OBSERVATORYOBSERVATORY

BEL AIRBEL AIRTOPANGA TOPANGA STATE PARKSTATE PARK

WOODLANDWOODLANDHILLSHILLS

RESEDARESEDA

ENCINOENCINO

CANOGA PARKCANOGA PARK

VAN NUYSVAN NUYS

SHERMAN OAKSSHERMAN OAKS

NORTH NORTH HOLLYWOODHOLLYWOOD

BURBANKBURBANK

GLENDALEGLENDALE

UNIVERSAL CITYUNIVERSAL CITY

PACIFICPACIFICPALISADESPALISADES

BRENTWOODBRENTWOOD

BOB HOPEBOB HOPEAIRPORTTAIRPORTT21161

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2 | www.21161Victory.com

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Executive SummaryPAGE 8

Property OverviewPAGE 15

Area HighlightsPAGE 22

ComparablesPAGE 33

TABLE OF CONTENTS

CONTACTS



www.21161Victory.com

Offers Due: Thursday, April 16, 2020 by 5:00 PM

Friday, May 15, 2020 by 5:00 PM

(Extended due to COVID-19)

West View

21161VICTORY BLVD

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VARIEL AVEVARIEL AVE

DE SOTO AVEDE SOTO AVE

ERWIN

STERW

IN ST

OXNARD ST

OXNARD ST


VELA ON OXFAIRFIELD RESIDENTIAL379 UNITSDELIVERED DEC. 2018

6041 VARIEL AVE.BCEGI263 UNITSUNDER CONSTRUCTION

THE Q VARIELCALIFORNIA HOME BUIDERS245 UNITSUNDER CONSTRUCTION

6233 VARIEL AVE.SOUTH BAY PARTNERS336 UNITS (SENIORS HOUSING)PROPOSED

6109 DE SOTO AVE.CALIFORNIA HOME BUIDERS368 UNITSPROPOSED

EVOLUTION WARNER CENTEREVOLUTION STRATEGIC PARTNERS277 UNITS UNDER CONSTRUCTION

6636 VARIEL AVE.THE HANOVER COMPANY395 UNITS UNDER CONSTRUCTION

MIRACITYVIEW174 UNITS UNDER CONSTRUCTION


Glowzone LASky High SportsU-HaulIron Battalion CrossFitTakano Weightlifting


APPROXIMATELY 1.9 MILES T0 101 FWY

TO MALIBU & PACIFIC OCEANTO MALIBU & PACIFIC OCEANSouth View

21161VICTORY BLVD

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VARIEL A

VEVA

RIEL AVE

CANOGA AVE

CANOGA AVE

APPROXIMATELY 1.5 MILES FROM SITE

DE SOTO A

VE

DE SOTO A

VE

THE Q VARIELCALIFORNIA HOME BUIDERS245 UNITSUNDER CONSTRUCTION

6041 VARIEL AVE.BCEGI263 UNITSUNDER CONSTRUCTION

VELA ON OXFAIRFIELD RESIDENTIAL379 UNITSDELIVERED DEC. 2018

6233 VARIEL AVE.SOUTH BAY PARTNERS336 UNITS (SENIORS HOUSING)PROPOSED

AMLI WARNER CENTER522 UNITS



East View

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LOS ANGELES RIVER

LOS ANGELES RIVER

MORE THAN 60 DISCIPLINES,111 DEGREE PROGRAMS

TAUGHT TO 22,000 STUDENTS




DE SOTO STATIONMETRO ORANGE LINE

(0.4 MILES)

CANOGA STATIONMETRO ORANGE LINE

(0.2 MILES)


REVEAL438 UNITS

THE ENCLAVE AT WARNER CENTER195 UNITS

OCEANO AT WARNER CENTER244 UNITS

21161VICTORY BLVD



North View


VARIEL AVE

VARIEL AVE

CANOGA AVE

CANOGA AVE

CANOGA STATIONMETRO ORANGE LINE

(0.2 MILES)

VANOWEN STVANOWEN ST




REVEAL438 UNITS

THE ENCLAVE AT WARNER CENTER195 UNITS

MIRACITYVIEW174 UNITS UNDER CONSTRUCTION

YAYA VANOWENYAYA GROUP101 UNITSUNDER CONSTRUCTION

21161VICTORY BLVD


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CANOGA PARK, CA


EXECUTIVE SUMMARYEXECUTIVE SUMMARY

CBRE, Inc., as exclusive agent, is pleased to present for sale ±1.51 acre development site with the potential to build a multifamily mixed-use project of up to 4.5:1 floor area ratio (FAR) in the desirable Warner Center/Woodland Hills submarket of Los Angeles, California.

Located at 21161 Victory Boulevard, the Property boasts an excellent Warner Center location that is proximate to three malls:

• The Village at Westfield Topanga (mixed-use, open-air shopping and dining with ±100 stores);

• Westfield Topanga (regional indoor mall);

• Westfield Promenade (34-acre property envisioned for redevelopment to include expansive community open space, residential units, shops, cafes, hospitality and an entertainment/sports center.)

Additionally, the Property’s neighborhood enjoys restaurants such as Fleming’s Steakhouse and Roy’s Asian Fusion as well as its desirous location within the San Fernando Valley’s urban core with over six million square feet of office space.

Along with its outstanding location, the future development envisioned for this site will benefit from Woodland Hills’ strong multifamily fundamentals, favorable income and education demographics, and adjacency to the Metro Orange Line.

21161 Victory Boulevard is offered to the market on an unpriced basis.

Offers due Thursday, April 16, 2020 by 5:00 PM.

Friday, May 15, 2020 by 5:00 PM

(Extended due to COVID-19)

THE OPPORTUNITY


The Property offers the added benefit of existing in-place income. With ±36,834 square feet of neighborhood-serving restaurant/retail and small office space, the Property generates approximately $600,000 of income annually.

Front of Existing StructureFront of Existing Structure


Opportunity Highlights

Strong Visibility with ±392 Feet of Frontage Along Victory Blvd

Prime Victory Blvd. Location High-Identity Site at Heavily Trafficked Victory Blvd.

• One of the Highest Traffic Intersections in the San Fernando Valley

Exposure up to 36,710 Vehicles Per Day

VICTORY BLVD

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Opportunity Highlights (continued)

• Outstanding Demographics (Warner Center):

• 2024 Projected Average Household Income: $111,943

• Percent of Households with $100,000+ Income: 32.4%

• Population Over age 25 with Associate’s, Bachelor’s, Master’s, Professional or Doctoral Degrees: 58.5%

• Outstanding location in the desirable Warner Center/Woodland Hills submarket: Proximate to the newly built open-air retail center The Village at Westfield Topanga, Westfield Topanga regional mall and Westfield Promenade shopping center with nearly 350 top brands, restaurants and entertainment options.

• Local retailers include: Apple Store, Nordstrom, Neiman Marcus, Target, Macy’s, REI, Costco, Williams Sonoma, Crate & Barrel.

• Restaurants include: Joey Woodland Hills, Roy’s Asian Fusion, Fleming’s Steakhouse, California Pizza Kitchen, Cheesecake Factory, Il Fornaio Cucina Italiana, EMC Seafood & Raw Bar, El Torito, Island’s Restaurant, P.F. Chang’s.

• Walking distance to Warner Center office buildings with over six million square feet office space. Approximately 40,000 employees work within the Warner Center area. Major employers include HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, Pierce College.

• Free Red Trolley service connection between Westfield properties via local streets with plans to add additional Warner Center pickup locations.

• Immediate access to major San Fernando thoroughfares including De Soto Avenue, Canoga Avenue, Victory Boulevard, Burbank Boulevard, and Topanga Canyon Boulevard.

• Transportation linkages via Highway 101 and the 118 Freeway.

• Walking distance to Metro Orange Line Warner Center Transit Hub: Two transit stops are located within walking distance of the Property, linking Warner Center and North Hollywood, with further Metro Red Line service to Downtown Los Angeles.

• Located within the Warner Center 2035 Specific Plan: An important regional hub for the entire San Fernando Valley.

• Future Transportation Hub Plan for the intersection of Variel Avenue and Oxnard Street.

SAN FERNANDO VALLEYSAN FERNANDO VALLEY

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Price:

The Property is being marketed unpriced.

Offers due:Thursday, April 16, 2020 by 5:00 PM Friday, May 15, 2020 by 5:00 PM(Extended due to COVID-19)

For more information, please visit:

www.21161Victory.com

• 93% APARTMENT OCCUPANCY RATE

• 235,146 PROJECTED POPULATION WITHIN 3 MILES BY 2024

• STRONG ABSORPTION OF NEW MULTIFAMILY RESIDENTIAL UNITS

Strong Submarket Multifamily Fundamentals

21161 VICTORY BLVD IS AN OUTSTANDING DEVELOPMENT OPPORTUNITY IN A THRIVING LOS ANGELES REGIONAL HUB THAT BRINGS TOGETHER MULTIFAMILY RESIDENTIAL, OFFICE EMPLOYMENT, DESTINATION RETAIL, HOSPITALITY, HIGHER EDUCATION, AND PUBLIC TRANSIT USES.

21161VICTORY BLVD

CANOGA AVE

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AVE VICTORY BLVD

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21161 VICTORY BLVD IS LOCATED IN A 21161 VICTORY BLVD IS LOCATED IN A BOOMING RESIDENTIAL AREA.BOOMING RESIDENTIAL AREA.

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EXISTING UNDER CONSTRUCTION PROPOSED

1 VELA ON OX 379 UNITS - DELIVERED DEC 2018

5 TRIANA APTS 362 UNITS

9 6041 VARIEL AVE 263 UNITS - BCEGI

11 6109 DE SOTO AVE358 UNITS - CALIFORNIA HOME BUILDERS

2 BELLA VISTA APTS 579 UNITS

6 THE POINTE APTS136 UNITS

10 THE Q VARIEL 245 UNITS - CALIFORNIA HOME BUILDERS

12 6233 N. VARIEL AVE (SENIORS HOUSING)336 UNITS - SOUTH BAY PARTNERS

3 THE MOTIF APTS 395 UNITS

7 SOFI WARNER CENTER 224 UNITS

EVOLUTION WARNER CENTER 277 UNITS - Evolution Strategic Partners

4 THE MONTECITO APTS 85 UNITS

8 OCEANO 244 UNITS

6636 VARIEL AVE 395 UNITS - The Hanover Company

NEIGHBORING RESIDENTIAL PROPERTIES

14

15

DeveloperNo. of Units

Year Built

Leas

e U

p Vela on Ox21221 W Oxnard St

Fairfield Residential 379 2019

Un

der

Co

nst

ruct

ion

Mira21425 Vanowen St CityView 174 Est.

2020

6636 Variel Avenue6636 Variel Ave

The Hanover Company 395 Est.

2021

The Q Variel6200 Variel Ave

California Home Builders 245 Est.

2020

The Q West6263 Topanga Canyon Blvd

California Home Builders 347 Est.

2020

Evolution Warner Center6606 Variel Ave

Evolution Strategic Partners 277 Est.

2020

6041 Variel Avenue6041 Variel Ave

BCEGI International 263 Est.

2020

The Clarendon22121 Clarendon St AMCAL Housing 335 Est.

2020

Yaya Vanowen21121 Vanowen St

Yaya Vanowen, LLC 101 -

Oth

er

Amazon Grocer6245 Topanga Canyon Blvd

PCG Woodland Hills LLC

33,574 SF Retail

Nov. 2019

Home2 Suites by Hilton5957 Variel Avenue

FPG Development Group

174 Guest Rooms

-

1

2

3

4

5

6

7

8

9

Source: Axiometrics; CBRE Research

You are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

Woodland Hills Development Pipeline

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5

© 2019 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBREneither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. TheInformation is protected by copyright and shall be fully enforced.


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CANOGA PARK, CA


property overviewproperty overview

Investment Summary

Address

21161 Victory Blvd., Canoga Park, CA 91303

Submarket

Woodland Hills

Assessor Parcel Number

2148-031-015

Land Area

±1.51 Acres (±65,579 Square Feet)

Current Zoning

(WC)UPTOWN-SN-RIOhttps://planning.lacity.org/odocument/3eadcb84-d31e-4666-9811-ad55f4f67d93

Existing Improvements

One Building totaling ±36,840 square feet

Ownership

Fee Simple

Entitled

No

Council District

CD 3 - Bob Blumenfield

21161 Victory BlvdCanoga Park, CA 91303

21161VICTORY BLVD


21161 Victory Boulevard - Rent Roll as of March 2020

Weiler’s Deli was established in 1967 and

occupies ±3,640 square feet at 21161 Victory

Blvd. The owner of Weiler’s is interested

in discussing the potential for Weiler’s to

occupy space in the new mixed-use project.

Unit Sq. Ft.Market Rent Rent Lease From Lease To Remarks

VVP-201 1,356 $2,237 $2,095 11/01/2018 10/31/2020 No Option to Renew

VVP-203 1,243 $2,051

VVP-205 776 $1,280 $1,025 11/01/1995 M-M

VVP-206 726 $1,198 $1,089 11/01/2014 02/28/2022 Option to extend One (1) Addl 3-YR Period

VVP-207 1,243 $2,051

VVP-209 1,320 $2,178 $2,034 03/01/2019 02/28/2022 Option to extend One (1) Addl 3-YR Period

VVP-211 475 $784 $550 05/01/2014 M-M

VVP-212 397 $655 $400 04/01/2010 M-M

VVP-213 897 $1,480 $1,300 10/16/2013 M-M

VVP-214 1,915 $3,160 $2,702 9/1/2012 10/31/2022

VVP-214A 449 $741 $600 01/01/2016 M-M


VVP-216 1,172 $1,934

VVP-217 1,243 $2,051

VVP-217 B 699 $1,153

VVP-217-A 675 $1,114 $850 09/01/2016

VVP-218 250 $413 09/01/1998

VVP-219 584 $964 $1,050 05/01/1998 M-M

VVP-220 450 $743

VVP-221 495 $817 $700 06/01/2013 M-M

VVP-222 904 $1,492

VVP-225 670 $1,106

VVP-21101 670 $1,675 $1,000 06/01/1999 M-M

VVP-21103 750 $1,875



VVP-21119 1,200 $3,000

VVP-21123 1,200 $3,000 $3,400 09/01/2008 08/31/2025

VVP-21127 1,200 $3,000 $2,450 08/01/1993 M-M


VVP-21135 1,078 $2,695 $2,300 05/01/2007 M-M

VVP-21137 400 $1,000 11/15/2001

VVP-21139 2,420 $6,050 $2,732 10/01/2012 09/30/2022 Lease Option is exercised and will end 9/30/22

VVP-21147 1,200 $3,000 $2,366 01/01/2011 M-M

VVP-21151 1,200 $3,000 $2,000 02/01/2020 01/31/2023 With re-development cancellation of lease clause

VVP-21161 3,640 $9,100 $10,122 01/01/1995 12/31/2023 Option to extend Two (2) Addl 5-YR Period

36 Units 36,834 $76,168 $48,899 17 | www.21161Victory.com

Warner Center 2035 Specific Plan

Within Woodland Hills, the Warner Center 2035 Plan (WC 2035 Plan) is a development blueprint for Warner Center that emphasizes mixed-use and transit-oriented development, walkability, and sustainability.

The WC 2035 Plan considers development fundamental to supporting regional transportation investments such as the Metro Orange Line and, as a result, creating a vibrant Transit Oriented District (TOD) based upon sustainability, community connectedness, accessible public transit, and promotion of innovative businesses, job diversity, and a safe and friendly pedestrian environment.

Key elements of the Plan include:

• A growth strategy that encourages and incentivizes infill development and redevelopment of existing properties.

• Creating of a place where people can live, work and play and where day-to-day needs can be met locally by walking, bicycling or other “small slow vehicles”, and local transit.

• Creating a network of publicly accessible open spaces to encourage public gathering and pedestrian activity.

TOPANGA CANYON BLVD

TOPANGA CANYON BLVD


WARNER CENTER 2035 PLAN

21161VICTORY BLVD


Uptown District - Development Standards

Uses All typical residential, retail, and office uses permitted by right

FAR 4.5:1

Density Unlimited, provided that all dwelling units are a minimum of 300 SF

Height Unlimited, but any building over 75 feet may be subject to additional conditions per Mitigation Monitoring Program

Setbacks Front setback of 12 feet required (15ft max. setback)

Parking Residential Uses

Min. 1 parking stall per unit, max. 2 stalls per unit

Projects with over 100 units are exempt from providing guest stalls

Commercial Uses

Min. 2 stalls per 1,000 SF, max.4 stalls per 1,000 SF

Mixed-Use projects are subject to parking regulations in proportion to division of residential and non-residential uses; shared parking may be permitted

Uptown District

The Property is located within the Uptown District of Warner Center which is generally bounded by Vanowen Street to the north, the Orange Line Busway to the intersection of Variel Avenue and Victory Boulevard to the east, Victory Boulevard to the south and Topanga Canyon Boulevard to the west.

This District will provide “Creative Sector” jobs with a balance of housing to create a complete neighborhood. “Creative Sector” jobs will include those in the research/development and professional technical fields. The Uptown District will accommodate a substantial number of new jobs, along with new housing, all within close proximity of the Canoga Metro Orange Line station. Redevelopment of properties in the District will create new private streets to allow more manageable and walkable blocks. The regulations set forth for this District provide incentives for a community shopping center that includes a supermarket and drugstore in the Uptown District.

Los Angeles River

101

PARKCOMMERCE

UPTOWN

DOWNTOWN

TOPANGA

RIVER

COLLEGE

NORTHVILLAGE



ERWIN STERWIN ST

OXNARD STOXNARD ST

BURBANK BLVDBURBANK BLVD


OWENSM

OUTH AVEOW

ENSMOUTH AVE



TOPANGA CANYON BLVDTOPANGA CANYON BLVD


Canoga StationCanoga Station

De Soto StationDe Soto Station

WARNER CENTER WARNER CENTER SHUTTLESHUTTLE

WESTFIELD

WESTFIELD

TROLLEY TROLLEY

Westfield Westfield TopangaTopanga

The Village The Village at Topangaat Topanga

Westfield Westfield PromenadePromenade

Kaiser PermanenteKaiser PermanenteWoodland HillsWoodland Hills

CostcoCostco

METRO ORANGE LINE

METRO ORANGE LINE

21161VICTORY BLVD


Warner Center 2035 Specific Plan Entitlement Process

The Warner Center Specific Plan process and associated Environmental Review combine to streamline the entitlements process for planned developments. The following items should be taken into consideration for any proposed project within the Specific Plan area:

• Entitlements Process – in lieu of the city’s typical Site Plan Review process for a project resulting the construction of 50 net new dwelling units or 50,000 net new gross square feet, projects within the Warner Center Specific Plan area are subject to Project Permit Compliance, an expedited discretionary approval process administered by the Department of City Planning

• Environmental Review – As part of the Warner Center Specific Plan approval process, the City certified a Master EIR contemplating large-scale development within the area. As a result, most projects within the Plan area can be approved under a Negative Declaration (ND) or Mitigated Negative Declaration (MND).

• Incentivized Uses – The plan provides development bonuses for a number of uses that the city wishes to target in the area. The project can utilize one bonus per incentivized use provided. The incentives & bonuses include:

Incentivized Uses Bonuses

Fully subterranean parking Additional 0.5:1 FAR

Local-serving retail Mobility fee reduction

Community-serving uses Can be aggregated if multiple uses are provided

Additional publicly accessible open space

LEED Gold or equivalent project

• Urban Design Guidelines – Projects within Warner Center are subject to Design Review approval to ensure compliance with the Urban Design Guidelines contained within the specific plan.

• A developer proposing a project conforming to the Warner Center Specific Plan can process approvals through the “Project Permit Compliance” process which the City estimates will take 4-6 months for approvals. No separate CEQA approvals are required.

Download a copy of the Warner Center 2035 Plan: https://planning.lacity.org/complan/specplan/pdf/WarnerC.pdf

A DEVELOPER PROPOSING

A PROJECT CONFORMING

TO THE WARNER CENTER

SPECIFIC PLAN CAN PROCESS

APPROVALS THROUGH THE

“PROJECT PERMIT

COMPLIANCE” PROCESS

WHICH THE CITY ESTIMATES

WILL TAKE 4-6 MONTHS

FOR APPROVALS.


Los Angeles River

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ERWIN STERWIN ST

OXNARD STOXNARD ST

BURBANK BLVDBURBANK BLVDCANOGA AVECANOGA AVE

OWENSMOUTH AVE

OWENSMOUTH AVE





Canoga StationCanoga Station

De Soto StationDe Soto Station

METRO ORANGE LINEMETRO ORANGE LINE


WESTFIELD TROLLEY

WESTFIELD TROLLEY

Westfield Westfield TopangaTopanga

The Village The Village at Topangaat Topanga

Westfield Westfield PromenadePromenade


Pierce CollegePierce College

Daily Traffic Counts Victory Blvd/ Variel Ave 32,330

Variel Ave/Victory Blvd 10,360

Victory Blvd/Independence Ave

36,070

Victory Blvd/De Soto 36,710

101 Fwy/Canoga Ave 229,000

METRO Orange LineDe Soto Station to North Hollywood Station 40 mins

North Hollywood Station to Wilshire Vermont 20 mins

Wilshire Vermont to 7th Street DTLA Metro 4 mins

WINNETKA AVE

WINNETKA AVE

SHOUP AVESHOUP AVE

Warner Center ShuttleThe Warner Center Shuttle began service in 2018, offering improved access within Warner Center. The line consists of 10 stops, beginning at Canoga Station and includes stops at Westfield Topanga, The Village, Warner Center Corporate Park, Kaiser Permanente. The shuttle operates 7 days a week, every 10 minutes during most times of the day.

21161VICTORY BLVD



CANOGA PARK, CA


area highlightsarea highlights

Warner Center Restaurants, Shops & AmenitiesShopping

1 Target

2 Macy's

3 Nordstrom

4 Crate & Barrel

5 REI

6 Verizon

7 Costco Wholesale

8 Nordstrom Rack

9 Best Buy

10 Fry's Electronics

Fitness

31 Cardio Barre

32 Equinox

33 24 Hour Fitness

34 LA Fitness

Lodging

35 Hilton

36 Marriott

Attractions

37 AMC Promenade 16

38 Warner Center Park

39 Glowzone LA

Restaurants

11 Gyu-Kaku Japanese BBQ

12 Islands Restaurant

13 California Pizza Kitchen

14 Il Fornaio Cucina Italiana

15 EMC Seafood & Raw Bar

16 Wokano

17 Sushi Katsu-ya

18 Fleming's Steakhouse

19 Ruth's Chris Steakhouse

20 Maggiano's Little Italy

21 Corner Bakery Café

22 Morton's The Steakhouse

23 PF Chang's

24 BJ's Restaurant

25 El Torito

26 Tomoya Sushi & Izakaya

27 TGI Fridays

28 Daphne's

29 Roy’s Asian Fusion

30 Joey Woodland Hills

Los Angeles River

101



ERWIN STERWIN ST

OXNARD STOXNARD ST

BURBANK BLVDBURBANK BLVD


OWENSMOUTH AVE

OWENSMOUTH AVE






Canoga StationCanoga Station(1 Mile)(1 Mile)

De Soto StationDe Soto Station(0.8 Miles)(0.8 Miles)

METRO ORANGE LINE

METRO ORANGE LINE

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WESTFIELD WESTFIELD TROLLEYTROLLEY


2930

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21161VICTORY BLVD


The Village at Westfield Topanga

The Village at Westfield Topanga is a $350 million open-air development consisting of 535,000 square feet of retail and 285,000 square feet of office space. Opened in September 2015, The Village brings the best of shopping, restaurants – including al fresco patio dining - and entertainment programming to Warner Center along with a full-service gym and Burke Williams spa.

Retailers at The Village include Costco, Crate and Barrel, Eddie Bauer and REI. Restaurants include EMC Seafood & Raw Bar, Larsen’s Steakhouse, Sushi Katsu-ya, and Il Fornaio Cucina Italiana.

The Village design includes park-like landscaping, pedestrian walkways, water features, outdoor lounges and play areas. A weekly farmer’s market, museum component, year-round arts and culture events, entertainment and music performance programs will bring interconnection that will further enrich the community.

YEAR-ROUND ARTS & CULTURE EVENTS, ENTERTAINMENT, & DINING OPTIONS WITHIN LESS THAN A MILE OF 21161 VICTORY BLVD.


Westfield Topanga Regional Shopping Center

Located just less than a mile from 21161 Victory Boulevard is Westfield Topanga, one of Southern California’s top regional retail destinations. Westfield Topanga is home to more than 260 top brands, signature dining and entertainment experiences in 1,637,000 SF of retail floor space. The mall showcases the finest in luxury retail including Cartier, Jimmy Choo, Salvatore Ferragamo, Louis Vuitton, Burberry, Gucci and Tiffany & Co.

Westfield Topanga’s impressive tenant roster also includes Abercrombie & Fitch, Adidas, Anthropologie, Apple Store, H&M, Lacoste, Lego, Lenscrafters, L’OCCITANE En Provence, Lululemon, Macy’s, Nordstorm, Sephora, Target, Tesla, Urban Outfitters, Victoria’s Secret, Williams Sonoma and Zara.

The former Sears department store will be transformed into new retail and restaurant options. The long-vacant space - spanning approximately 160,000 square feet - is contractedd for a renovation which will create a triple-height entryway, making the complex more accessible and transparent from both Topanga Canyon and Victory Boulevards. Also, the plans call for improved pedestrian access to The Village at Westfield Topanga - which is located directly south across Victory Boulevard.

Among the new uses planned for the former Sears is a food hall, which would include sit-down restaurants, lounges, and bars. This would be accompanied by plazas and other landscaped spaces.

Completion of the approximately $250-million project is anticipated in 2021.

Westfield Topanga - Rendering of RenovationWestfield Topanga - Rendering of Renovation

“CLEARLY, WESTFIELD IS WILLING TO INVEST IN ITS BRICK-AND-MORTAR PROPERTIES IN A RETAIL CLIMATE THAT HAS SEEN BOOMING GROWTH FOR DIGITAL SHOPPING.”

“$70 MILLION RENOVATION COMING TO WESTFIELD TOPANGA MALL”, LOS ANGELES DAILY NEWS, SEPTEMBER 18, 2018

Westfield Topanga - Rendering of RenovationWestfield Topanga - Rendering of Renovation


Westfield Promenade Redevelopment

Located approximately 0.7 miles from 21161 Victory Blvd. at Oxnard Street, Westfield Promenade is a shopping mall currently anchored by AMC Theater, Ruth’s Chris Steakhouse, Maggiano’s Little Italy, Corner Bakery Cafe and United States Postal Service.

The proposed $1.5 billion mixed-use project, called Westfield Promenade 2035, aims to create a “downtown district” for the San Fernando Valley. Plans include 244,000 square feet of retail space, residential units, 629,000 square feet of office space, a 572-key hotel, along with a 320,000 square foot, 15,000-seat sports and entertainment center. Plans also call for numerous landscaped plazas and internal streets throughout the property.

Construction would occur in four phases with the first phase to be completed in 2021 and the last phase to be completed in 2033. A full buildout of the Promenade 2035 project would add approximately 3,700 residents and 3,000 jobs to Warner Center. Westfield Promenade - ExistingWestfield Promenade - Existing

Westfield Promenade 2035 - Rendering of Promenade SquareWestfield Promenade 2035 - Rendering of Promenade Square Westfield Promenade 2035 - Rendering of Entire ProjectWestfield Promenade 2035 - Rendering of Entire Project


Westfield Topanga Luxury

BOSSBurberryCartierDavid YurmanGucciJimmy ChooLouis VuittonMontblancNeiman MarcusOmegaSaint LaurentSalvatore FerragamoStuart WeitzmanTelsa MotorsTiffany & CoTumi

Area Restaurants

EMC Seafood & Raw BarFleming’s SteakhouseGyu-Kaku Japanese BBQIl FornaioIslands RestaurantLarsen’s SteakhouseLucille’s Smokehouse BAR-B-QUEMaggiano’s Little ItalyMorton’s The SteakhouseRuth’s Chris SteakhouseSushi Katsu-yaThe Cheesecake FactoryWokcanoXOC Tequila Grill

The Village

AthletaBitter Room PotteryBriellaBurke Williams Day SpaCAVA Mezze GrilleCrate & BarrelCostcoDrybarEddie BauerFableticsHanna AnderssonJimmy’s Famous American TavernJ. JillJOEY KitchenM. FredericPaper SourcePressed JuiceryPlanet BeautyREISkin LaundrySloan’sSunglass HutSur La TableSweetfinTender GreensZ Gallerie

Westfield Topanga

Abercrombie & Fitch Adidas Alex and AniAnthropologieApple StoreBanana RepublicBCBGMAXAZRIACalifornia Pizza KitchenDr. MartensForever 21Free PeopleGiggles N’ HugsGNCH&MHavaianasKiehl’sL’OCCITANE en ProvenceLegoLiLi’s Beverly HillsLululemonLUSH Handmade CosmeticsMadewellNespressoNordstromPandoraPelotonSephoraTargetUrban OutfittersWilliam Sonoma Zara


VICT

ORY B

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OWENSMOUTH AVEOWENSMOUTH AVE



21161 VICTORY BLVD IS AN OUTSTANDING DEVELOPMENT OPPORTUNITY 21161 VICTORY BLVD IS AN OUTSTANDING DEVELOPMENT OPPORTUNITY IN A THRIVING LOS ANGELES REGIONAL HUB THAT BRINGS TOGETHER IN A THRIVING LOS ANGELES REGIONAL HUB THAT BRINGS TOGETHER MULTIFAMILY RESIDENTIAL, OFFICE EMPLOYMENT, DESTINATION RETAIL, MULTIFAMILY RESIDENTIAL, OFFICE EMPLOYMENT, DESTINATION RETAIL, HOSPITALITY, HIGHER EDUCATION, AND PUBLIC TRANSIT USES.HOSPITALITY, HIGHER EDUCATION, AND PUBLIC TRANSIT USES.

21161VICTORY BLVD


Zenith Insurance

United Online Inc.

Unico American Corp

Rach Local Inc.

Pierce College

Girl Scouts of Greater Los Angeles

Avnet Inc.

Intuit Inc.

Redbox

Merrill Lynch

Activision Publishing

ATK Defense Electronics Systems

Viking River Cruises

Medesthetica Medical Group

California Lutheran University

Oplink Communications

Music Reports Inc.

Medtek Net Inc.

Anthem Blue Cross

ReachLocal LLC

Warner Center Major Employers

Warner Center is considered the “Downtown” of the San Fernando and Conejo Valley office markets with over 6.9 million square feet of office space.

The primary office buildings for Warner Center are Farmers Plaza; LNR Warner Center; Warner Center Office Towers; Trillium Complex; Warner Corporate Center; Warner Park Center; Warner Gateway; Warner Premier; 6200 Canoga; Wellpoint Office Tower.

Warner Center employers engage in a diverse range of sectors including real estate, transportation, insurance, accounting, banking, manufacturing and government. Local employers include:


• Kaiser Permanente Woodland Hills Medical Center is a 280-bed hospital located approximately 1.5 mile from 21161 Victory Blvd. It is the highest ranked hospital in the San Fernando Valley with strength in specialties such as cancer, diabetes, endocrinology, gynecology, orthopedics and urology. In 2019, it was named as a Newsweek 2019 World’s Best Hospital in a survey of more than 2,700 hospitals across the United States.

• Kaiser Permenente Woodland Hills is currently in the process of expanding its campus. Currently under construction is a new emergency department and operating rooms. The expansion project is expected to be completed in October 2020.

Kaiser Permanente Woodland Hills Medical Center

DE SOTO AVE

DE SOTO AVE

VARI

EL A

VEVA

RIEL

AVE


Kaiser Permanente Woodland Hills Medical Center - Photos

APPROXIMATELY 1.9 MILE T0 101 FWY

APPROXIMATELY 1.5 MILES FROM SITE

21161VICTORY BLVD


Transportation Linkages

21161 Victory Blvd. is located within the primary trade corridor of the West San Fernando Valley.

The Property is served by eight nearby transit routes, shuttles and ride-shares. The METRO Orange Line provides access from Warner Center north to Chatsworth and east to Pierce College, Reseda, Van Nuys, Laurel Canyon and North Hollywood. The METRO Orange and Red Lines connect at North Hollywood Station. The METRO Red Line subway provides service from North Hollywood to Universal City, Hollywood and Downtown Los Angeles, with connection to Koreatown at Wilshire/Vermont Station.

Topanga Canyon Boulevard connects to the 101 Freeway and the 118 Freeway, providing further access to the Greater Los Angeles Metro.

Los

Ange

les

Rive

r

Los Angeles River

PACIFIC OCEAN

Wilshire

/La Brea

Wilshire

/Fairfax

Wilshire

/La Cienega

Wilshire

/Rodeo

Century City/C

onstellatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/VA Hospita

l

Martin Luther King Jr

Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood

Westchester/Veterans

Aviation/Century

Little Tokyo/Arts Dist

PURPLE LINE EXTENSION

REGIONAL CONNECTOR

TRANSIT PROJECT

CRENSHAW/LAXTRANSIT PROJECT

LAX

GOLD LINE FOOTHILL EXTENSION

Little To

kyo/

Arts

District

Grand Av Arts/

Bunker H

ill

Little To

kyo/

Arts

District

HistoricBroadwayBroadway

Glendora

San Dimas

La Verne

Pomona

Claremont

Universal C

ity/Studio City

Hollywood/V

ine

Hollywood/H

ighland

Universal C

ity/Studio City

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/

GrandGrandGrandGrand

ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/Alis

o

Mariach

i Plaza

Long Beach Bl

Artesia

Del Amo

Civic Ctr/

GrandPark

Allen

LakeSierra

Madre Villa

Arcadia

Monrovia

Duarte/City

of Hope

Irwindale

Azusa Downtown

APU/Citrus Colle

ge

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wilshire

/Vermont

Pershing

Chinatown

Union Station

Chinatown

Square

7th St/Metro CtrPico

LATTC/OrthoInstitute

Jefferson/U

SC

LAX FlyAwayAmtrak & MetrolinkLAX FlyAway

LAX FlyAwayLAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX Shuttle G

Amtrak & MetrolinkMetro

link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta MonicaHolly

wood/Western

Hollywood/V

ine

Hollywood/H

ighlandNorth

Hollywood

Balboa

Balboa

Woodley

Sepulveda

Sepulveda

Van Nuys

Van Nuys

Woodman

Valley Colle

ge

Laurel Canyo

n

Canoga

Canoga

De Soto

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Pierce Colle

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Tampa

Tampa

Reseda

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unset

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Amtrak & Metrolink

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Cal State LA

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Farmdale

Expo/La Brea

La Cienega/Jefferson

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ity

Palms

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Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

17th St/S

MC

Downtown Santa Monica

Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach Bl

AvalonVerm

ont/

AthensCrenshaw

Hawthorne/Lennox

Aviation/L

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Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/

Willowbrook/Rosa Parks

Watts Towers 103rd St/


DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

Union Station

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SANTAMONICA

SOUTH LA

CENTRAL LA

WESTSIDE

metro.netMetro Rail & Busway

North Hollywood to Union Station

Metro Rail

Wilshire/Western to Union StationPurple Line

Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line

Downtown LA to Long Beach

Downtown LA to Santa Monica

Redondo Beach to Norwalk

East Los Angeles to Azusa

Silver Line Chatsworth to North Hollywood

San Pedro to El Monte

amtrak.com

metrolinktrains.com

lawa.org/flyaway

LAX Shuttle (free)lawa.org

Street Service in Downtown LAand San Pedro

MAY 2016 Subject to Change

Airport Shuttle

Rail Station

StationTransfer

Busway

Station

UNDERCONSTRUCTION

Busway StreetService

Red Line

18-0

976M

M ©

2017

LAC

MTA

DEC 2017 Subject to Change

Warner Center

Canoga

De Soto

North H

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ood

2 1 1 6 1 V I C TO R Y B LV D.

Los

Ange

les

Rive

r

Los Angeles River

PACIFIC OCEAN

Wilshire

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/Fairfax

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/La Cienega

Wilshire

/Rodeo

Century City/C

onstellatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/VA Hospita

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Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood


Aviation/Century



REGIONAL CONNECTOR

TRANSIT PROJECT


LAX


Little To

kyo/

Arts

District

Grand Av Arts/

Bunker H

ill

Little To

kyo/

Arts

District


Glendora

San Dimas

La Verne

Pomona

Claremont

Universal C

ity/Studio City

Hollywood/V

ine

Hollywood/H

ighland

Universal C

ity/Studio City

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/


ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/Alis

o

Mariach

i Plaza

Long Beach Bl

Artesia

Del Amo

Civic Ctr/

GrandPark

Allen

LakeSierra

Madre Villa

Arcadia

Monrovia

Duarte/City

of Hope

Irwindale

Azusa Downtown

APU/Citrus Colle

ge

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wilshire

/Vermont

Pershing

Chinatown

Union Station

Chinatown

Square



Jefferson/U

SC



LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX Shuttle G


link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta MonicaHolly

wood/Western

Hollywood/V

ine

Hollywood/H

ighlandNorth

Hollywood

Balboa

Balboa

Woodley

Sepulveda

Sepulveda

Van Nuys

Van Nuys

Woodman

Valley Colle

ge

Laurel Canyo

n

Canoga

Canoga

De Soto

De Soto

Pierce Colle

ge

Pierce Colle

ge

Tampa

Tampa

Reseda

Reseda

Vermont/B

everly

Vermont/S

anta Monica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravilla

East LA Civic C

tr

Atlantic

El Monte

Cal State LA

LAC+USC Medica

l Ctr

Pico/Alis

o

Mariach

i Plaza

Wilshire

/

Normandie

Wilshire

/Western

ExpoPark

/USC

Expo/Vermont

Expo/Western

Expo/Crenshaw

Farmdale

Expo/La Brea


Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

17th St/S

MC


Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach Bl

AvalonVerm

ont/

AthensCrenshaw

Hawthorne/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/




DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

Union Station

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SANTAMONICA

SOUTH LA

CENTRAL LA

WESTSIDE



Metro Rail


Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line







amtrak.com

metrolinktrains.com

lawa.org/flyaway




Airport Shuttle

Rail Station

StationTransfer

Busway

Station

UNDERCONSTRUCTION


Red Line

18-0

976M

M ©

2017

LAC

MTA

DEC 2017 Subject to Change

Los

Ange

les

Rive

r

Los Angeles River

PACIFIC OCEAN

Wilshire

/La Brea

Wilshire

/Fairfax

Wilshire

/La Cienega

Wilshire

/Rodeo

Century City/C

onstellatio

n

Westwood/U

CLA

Westwood/U

CLA

Westwood/VA Hospita

l


Leimert Park

Hyde Park

Fairview Heights

Downtown Inglewood


Aviation/Century



REGIONAL CONNECTOR

TRANSIT PROJECT


LAX


Little To

kyo/

Arts

District

Grand Av Arts/

Bunker H

ill

Little To

kyo/

Arts

District


Glendora

San Dimas

La Verne

Pomona

Claremont

Universal C

ity/Studio City

Hollywood/V

ine

Hollywood/H

ighland

Universal C

ity/Studio City

Civic Ctr/

Civic Ctr/

Civic Ctr/

Civic Ctr/


ParkParkParkPark

Westlake/M

acArthur P

ark

Warner Ctr

Roscoe

Pico/Alis

o

Mariach

i Plaza

Long Beach Bl

Artesia

Del Amo

Civic Ctr/

GrandPark

Allen

LakeSierra

Madre Villa

Arcadia

Monrovia

Duarte/City

of Hope

Irwindale

Azusa Downtown

APU/Citrus Colle

ge

Lincoln/Cypress

Heritage Sq

Southwest Museum

Highland Park

Fillmore

Del Mar

Memorial Park

South Pasadena

Westlake/M

acArthur P

ark

Wilshire

/Vermont

Pershing

Chinatown

Union Station

Chinatown

Square



Jefferson/U

SC



LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX FlyAway

LAX Shuttle G


link

Sherman Way

Warner Ctr

Roscoe

Nordhoff

Chatsworth

Hollywood/W

estern

Vermont/S

anta MonicaHolly

wood/Western

Hollywood/V

ine

Hollywood/H

ighlandNorth

Hollywood

Balboa

Balboa

Woodley

Sepulveda

Sepulveda

Van Nuys

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n

Canoga

Canoga

De Soto

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Pierce Colle

ge

Pierce Colle

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Tampa

Tampa

Reseda

Reseda

Vermont/B

everly

Vermont/S

anta Monica

Vermont/S

unset

Vermont/S

unset

Amtrak & Metrolink

Soto

Indiana

Maravilla

East LA Civic C

tr

Atlantic

El Monte

Cal State LA

LAC+USC Medica

l Ctr

Pico/Alis

o

Mariach

i Plaza

Wilshire

/

Normandie

Wilshire

/Western

ExpoPark

/USC

Expo/Vermont

Expo/Western

Expo/Crenshaw

Farmdale

Expo/La Brea


Culver C

ity

Palms

Westwood/R

ancho Park

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

Expo/Sepulveda

Expo/Bundy

26th St/Bergamot

17th St/S

MC


Mariposa

El Segundo

Douglas

Redondo Beach

37th St/USC

Rosecrans

Harbor

Carson

Pacific CoastHwy

GatewayTransit Ctr

Long Beach Bl

AvalonVerm

ont/

AthensCrenshaw

Hawthorne/Lennox

Aviation/L

AX

Lakewood Bl

Norwalk

Norwalk

Slauson

Manchester

Harbor F

wy

5th St

1st St

PacificAv

DowntownLong Beach

PacificAv

Washington

Vernon

Slauson

Florence

Firestone

Compton

Artesia

Del Amo

Wardlow

Willow St

Pacific Coast Hwy

Anaheim St

103rd St/




DowntownLong Beach

Grand/LATTC

San Pedro St

Watts Towers

Union Station

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SOUTH LA

CENTRAL LA

SAN FERNANDO VALLEY

SAN GABRIEL VALLEY

EASTSIDE

SOUTH BAY

San Pedro

GATEWAY CITIES

DOWNTOWNLA

SANTAMONICA

SOUTH LA

CENTRAL LA

WESTSIDE



Metro Rail


Blue Line

Expo Line

Orange Line

Amtrak

LAX FlyAway

Metrolink

Metro Busway

Regional Rail

Green Line

Gold Line







amtrak.com

metrolinktrains.com

lawa.org/flyaway




Airport Shuttle

Rail Station

StationTransfer

Busway

Station

UNDERCONSTRUCTION


Red Line

18-0

976M

M ©

2017

LAC

MTA

DEC 2017 Subject to Change 31 | www.21161Victory.com

4.1% 4.1%

12.9%

1.4%

19.0%

7.8%

33.9%

16.8%

9.0% 7.30%

18.6%

2.2%

21.0%

7.8%

21.4%

12.8%

Less than9th Grade

9-12th Grade -No Diploma

High School Diploma GED or AlternativeCredential

Some College -No Degree

Associate'sDegree

Bachelor'sDegree

Graduate orProfessional Degree

Warner Center California

Demographics

Educational Attainment - Warner Center vs. California

Within 3 Mile of 21161 Victory Blvd.

2019 AVERAGE HOUSEHOLD INCOME:

$103,201

2024 PROJECTED AVERAGE HOUSEHOLD INCOME:

$121,483

PERCENT OF HOUSEHOLDS WITH INCOME $100,000+:

38%

1 mile 3 mile 5 mile 2019 Population 31,426 228,540 436,674

Estimated 2024 Population 34,403 235,146 449,373

Estimated 2019 Number of Employees 38,053 99,401 211,319

Estimated 2024 Average HH Income $106,976 $121,483 $128,575

Demographics - 1 Mile, 3 Mile, and 5 Mile Radius

DEMOGRAPHIC COMPREHENSIVE

21161 VICTORY BLVD

NAME LATITUDE LONGITUDE

21161 VICTORY BLVD 34.188831 -118.5936345

©2020 CBRE. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are forexample only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the propertyfor your needs. Source: Esri ProjectID:548720

WARNER CENTER

POPULATION OVER AGE 25 WITH ASSOCIATE’S, BACHELOR’S, MASTER’S, PROFESSIONAL OR DOCTORAL DEGREES: 58.5%



CANOGA PARK, CA


comparablescomparables

Rent Comparables Map

Subject Property21161 Victory Boulevard

1 AMLI Warner Center21200 Kittridge Street

2 Avalon Warner Place 21050 Vanowen Street

3 Bella Vista at Warner Ridge 6150 North De Soto Avenue

4 Carillon 6301 De Soto Avenue

5 The Enclave at Warner Center6710 Variel Avenue

6 Eton Warner Center6701 Eton Avenue

7 The Montecito6203 Variel Avenue

8 Motif 21021 West Erwin Street

9 Oceano at Warner Center 355 De Soto Avenue

10 Pointe at Warner Center6150 Canoga Avenue

11 Reveal 21201 Kittridge Street

12 Sofi Warner Center 6300 Variel Avenue

13 Triana 6200 Canoga Avenue

14 Vela on OX 21221 Oxnard Street

© 2020 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified byeither CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take suchsteps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced.

Rent Survey



Rent Comparables

AMLI Warner Center

Address

21200 Kittridge Street

Woodland Hills, CA 91303

Year Built

2006

Units

522

Occupancy

95.8%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse, Playground

Swimming Pool

Spa

Rental Office


1

522 Units



(818) 615-0300

Completed Date

August, 2006

Improvements Rating A

Location Rating A-

Occupancy 95.8%

Prior Names

Archstone Warner Center

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, Playground, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 918 Spaces, Covered Parking Available, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Construction Type - CombinationApartment Interior Amenities - Internet Access, Partial Fireplaces Available In Select Units, Above Standard Ceiling Height, Microwave Ovens

AMLI Warner Center

Unit Type Unit Size (SqFt) Actual RentUnit Description Count % of Total Unit Total Total SqFt

One Bedroom 110 21.07% 695 76,450 $1,887 $2.72

One Bedroom 193 36.97% 729 140,697 $2,240 $3.07

One Bedroom/Loft 14 2.68% 877 12,278 $2,490 $2.84

Two Bedroom/Two Bath 158 30.27% 1,103 174,274 $2,862 $2.59


Three Bedroom/Two Bath 19 3.64% 1,375 26,125 $3,454 $2.51

Total/Average 522 100% 883 461,044 $2,424 $2.74

Page 1 of 18

Source: Occupancy data derived from USPS records

Source: Yardi


Avalon Warner Place

Address

21050 Vanowen Street Canoga Park, CA 91303

Year Built

2008

Units

210

Occupancy

90.0%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa

Rental Office - Stand Alone


2

Source: Yardi

210 Units

21050 Vanowen Street

Canoga Park, CA 91303

(818) 313-8901

Completed Date

October, 2008


Location Rating A-

Occupancy 90.0%

Prior Names

Avalon Canoga Park

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 368 Spaces, Covered Parking Available, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - FrameOther Factor - Major Street Exposure - Vanowen StreetApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Avalon Warner Place


One Bedroom 19 9.05% 651 12,369 $1,945 $2.99

One Bedroom 12 5.71% 670 8,040 $1,970 $2.94

One Bedroom 44 20.95% 724 31,856 $1,990 $2.75

One Bedroom 35 16.67% 732 25,620 $2,050 $2.80

One Bedroom/Loft 15 7.14% 871 13,065 $2,125 $2.44




Two Bedroom/Loft/Two Bath 5 2.38% 1,174 5,870 $2,625 $2.24


Total/Average 210 100% 887 186,345 $2,269 $2.56

Page 2 of 18


Rent Comparables


Bella Vista at Warner Ridge

Address

6150 North De Soto Avenue


Year Built

2001

Units

579

Occupancy

94.0%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



3

Source: Yardi


One Bedroom 21 3.63% 642 13,482

One Bedroom 36 6.22% 749 26,964 $1,981 $2.64

One Bedroom 3 0.52% 864 2,592 $2,405 $2.78

One Bedroom 5 0.86% 918 4,590 $2,341 $2.55

One Bedroom 4 0.69% 642 2,568 $2,060 $3.21

One Bedroom 66 11.40% 771 50,886 $2,223 $2.88

One Bedroom 37 6.39% 680 25,160 $1,991 $2.93

One Bedroom 112 19.34% 767 85,904 $2,011 $2.62

One Bedroom 8 1.38% 913 7,304 $2,431 $2.66




Two Bedroom/Two Bath 4 0.69% 1,218 4,872








Total/Average 579 100% 1,004 581,351 $2,632 $2.59

Page 4 of 18


Rent Comparables


Carillon

Address

6301 De Soto Avenue Woodland Hills, CA 91367

Year Built

2009

Units

264

Occupancy

95.5%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



4

Source: Yardi

264 Units

6301 De Soto Avenue


(818) 888-0273

Completed Date

April, 2009

Improvements Rating B+

Location Rating A-

Occupancy 95.5%

Prior Names

Warner Center ApartmentsCarillon Apartments

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 351 Spaces, Covered Parking Available, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - CombinationOther Factor - Major Street Exposure - De Soto AvenueApartment Interior Amenities - Internet Access, Optional Monitored Security, Above Standard Ceiling Height, Microwave Ovens

Carillon


Efficiency 32 12.12% 603 19,296 $1,725 $2.86

One Bedroom 59 22.35% 732 43,188 $2,126 $2.90

One Bedroom 39 14.77% 780 30,420 $1,966 $2.52

One Bedroom 28 10.61% 878 24,584 $2,167 $2.47

One Bedroom/Den 22 8.33% 968 21,296 $2,418 $2.50




Total/Average 264 100% 890 234,940 $2,186 $2.46

Page 5 of 18


Rent Comparables


The Enclave at Warner Center

Address

6710 Variel Avenue


Year Built

2010

Units

195

Occupancy

96.4%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

Tennis Court

Playground

1 Swimming Pool

1 Spa


5

Source: Yardi


195 Units

6710 Variel Avenue


(818) 226-9006

Completed Date

January, 2010

Improvements Rating A-

Location Rating A-

Occupancy 96.4%

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, Tennis Court, Playground, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 387 Spaces, Covered Parking Available, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Enclave at Warner Center, The


Studio 8 4.10% 609 4,872 $1,894 $3.11

One Bedroom 24 12.31% 632 15,168 $2,036 $3.22

One Bedroom 28 14.36% 721 20,188 $2,081 $2.89

One Bedroom 3 1.54% 724 2,172 $2,125 $2.94

One Bedroom 55 28.21% 739 40,645 $2,077 $2.81





Total/Average 195 100% 856 166,958 $2,197 $2.57

Page 6 of 18


Rent Comparables


Eton Warner Center

Address

6701 Eton Avenue


Year Built

2013

Units

298

Occupancy

90.9%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa


You are solely responsible for independently verifying the information in this Memorandum. ANY RELI-ANCE ON IT IS SOLELY AT YOUR OWN RISK.

6

Source: Yardi

298 Units

6701 Eton Avenue


(818) 471-4060

Completed Date

September, 2013


Location Rating A-

Occupancy 90.9%

Prior Names

Alta Warner

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 538 Spaces, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - Steel FrameApartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Eton Warner Center


One Bedroom 55 18.46% 651 35,805 $1,930 $2.96

One Bedroom 52 17.45% 720 37,440 $2,130 $2.96

One Bedroom 5 1.68% 727 3,635 $2,065 $2.84

One Bedroom 24 8.05% 772 18,528 $2,195 $2.84

One Bedroom/Loft 8 2.68% 850 6,800 $2,470 $2.91

One Bedroom/Loft 6 2.01% 918 5,508 $2,545 $2.77










Total/Average 298 100% 907 270,261 $2,331 $2.57

Page 7 of 18


Rent Comparables


The Montecito

Address

6203 Variel Avenue


Year Built

2007

Units

85

Occupancy

80.0%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



7

Source: Yardi

85 Units

6203 Variel Avenue


(818) 316-1300

Completed Date

January, 2007


Location Rating A-

Occupancy 80.0%

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 180 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - FrameApartment Interior Amenities - Internet Access, Included Monitored Security, Partial Fireplaces Available In Select Units , Above Standard Ceiling Height, Microwave Ovens

Montecito, The


Two Bedroom/Two and One Half Bath 10 11.76% 1,562 15,620 $3,411 $2.18





Two Bedroom/Den/Two Bath 10 11.76% 1,567 15,670 $3,506 $2.24

Two Bedroom/Den/Two and One Half Bath 8 9.41% 1,602 12,816 $3,300 $2.06




Three Bedroom/Townhouse/Two and One Half Bath 6 7.06% 1,884 11,304 $4,132 $2.19

Three Bedroom/Townhouse/Loft/Two and One Half Bath 6 7.06% 2,256 13,536 $4,455 $1.97

Total/Average 85 100% 1,772 150,624 $3,825 $2.16

Page 9 of 18


Rent Comparables


Motif

Address

21021 West Erwin Street


Year Built

2015

Units

395

Occupancy

93.7%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

Playground

2 Swimming Pools

2 Spas



8

Source: Yardi

395 Units

21021 West Erwin Street


(818) 452-4017

Completed Date

July, 2015


Location Rating A-

Occupancy 93.7%

Prior Names

Millennium Woodland Hills, The

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, Playground, 2 Swimming Pools, 2 Spas, Rental Office - Stand AloneParking - Total Parking - 593 Spaces, Covered Parking Is Available ForAn Additional $0 Per Month, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Outside StorageYes, Construction Type - FrameOther Factor - Major Street Exposure - De Soto AvenueApartment Interior Amenities - Internet Access, Above Standard CeilingHeight, Microwave Ovens

Motif


One Bedroom 8 2.03% 812 6,496 $2,110 $2.60

One Bedroom 115 29.11% 823 94,645 $2,130 $2.59

One Bedroom 45 11.39% 874 39,330 $2,200 $2.52

One Bedroom/Den 24 6.08% 958 22,992 $2,310 $2.41








Total/Average 395 100% 1,062 419,619 $2,506 $2.36

Page 10 of 18


Rent Comparables


Oceano at Warner Center

Address

6355 De Soto Avenue


Year Built

2013

Units

244

Occupancy

91.8%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



9

Source: Yardi

244 Units

6355 De Soto Avenue


(818) 887-6808

Completed Date

January, 2013


Location Rating A-

Occupancy 91.8%

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 449 Spaces, Covered Parking Available, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - FrameOther Factor - Major Street Exposure - De Soto AvenueApartment Interior Amenities - Internet Access, Optional Monitored Security, Partial Fireplaces Available In Select 696, 705, 882 and 1250 Square Foot Units, Above Standard Ceiling Height, Microwave Ovens

Oceano at Warner Center


One Bedroom 8 3.28% 696 5,568 $1,980 $2.84

One Bedroom 16 6.56% 705 11,280 $2,036 $2.89

One Bedroom 2 0.82% 743 1,486 $2,100 $2.83

One Bedroom 68 27.87% 783 53,244 $2,175 $2.78

One Bedroom 2 0.82% 803 1,606 $2,200 $2.74

One Bedroom 8 3.28% 937 7,496 $2,345 $2.50

One Bedroom/Den/One Bath 16 6.56% 882 14,112 $2,183 $2.48






Total/Average 244 100% 936 228,376 $2,292 $2.45

Page 11 of 18


Rent Comparables


The Pointe at Warner Center

Address

6150 Canoga Avenue


Year Built

2004

Units

136

Occupancy

96.3%

Amenities

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



10

Source: Yardi

136 Units

6150 Canoga Avenue


(818) 610-1117

Completed Date

October, 2004


Location Rating A-

Occupancy 96.3%

Common Area Amenities - Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 160 Spaces, Covered Parking Available, Parking Type - SubterraneanFunctional Characteristics - Private Balcony/Patio, Outside StorageApartment Interior Amenities - Internet Access, Included Monitored Security, Above Standard Ceiling Height, Microwave Ovens

Pointe at Warner Center, The


One Bedroom 75 55.15% 755 56,625 $2,356 $3.12



Total/Average 136 100% 920 125,119 $2,468 $2.68

Page 12 of 18


Rent Comparables


Reveal

Address



Year Built

2011

Units

438

Occupancy

95.7%

Amenities

Controlled Access

Fitness Center

Business Center,

Clubhouse

2 Swimming Pools

1 Spa



11

Source: Yardi

438 Units



(818) 888-3927

Completed Date

February, 2011


Location Rating A-

Occupancy 95.7%

Prior Names

Millennium Warner Center, The

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 2 Swimming Pools, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 770 Spaces, Covered Parking Available, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/Patio, Construction Type - FrameOther Factor - Major Street Exposure - Kittridge StreetApartment Interior Amenities - Internet Access, Optional Monitored Security, Above Standard Ceiling Height, Microwave Ovens

Reveal


One Bedroom 32 7.31% 680 21,760 $1,950 $2.87

One Bedroom 100 22.83% 690 69,000 $1,975 $2.86

One Bedroom/Den 88 20.09% 866 76,208 $2,265 $2.62

Two Bedroom/Two Bath 72 16.44% 997 71,784 $2,387 $2.39






Total/Average 438 100% 948 415,040 $2,342 $2.47

Page 13 of 18


Rent Comparables


Sofi Warner Center

Address

6300 Variel Avenue


Year Built

2009

Units

224

Occupancy

95.1%

Amenities

Controlled Access

Fitness Center

Business

Center, Clubhouse

1 Swimming Pool

1 Spa

Rental Office - Stand AloneYou are solely responsible for independently verifying the information in this Memorandum. ANY RELIANCE ON IT IS SOLELY AT YOUR OWN RISK.

12

Source: Yardi


One Bedroom 4 1.79% 719 2,876 $2,113 $2.94

One Bedroom 16 7.14% 743 11,888 $2,203 $2.97

One Bedroom 12 5.36% 749 8,988 $2,300 $3.07

One Bedroom 4 1.79% 756 3,024 $1,976 $2.61

One Bedroom 12 5.36% 810 9,720 $1,984 $2.45

One Bedroom 15 6.70% 826 12,390 $2,092 $2.53

One Bedroom 4 1.79% 842 3,368 $2,317 $2.75

One Bedroom/One and One Half Bath 1 0.45% 806 806 $2,145 $2.66

One Bedroom/One and One Half Bath 16 7.14% 818 13,088 $2,372 $2.90









One Bedroom/One and One Half Bath 14 6.25% 1,205 16,870 $2,732 $2.27











Total/Average 224 100% 976 218,610 $2,372 $2.43

Page 15 of 18


Rent Comparables


Triana

Address

6200 Canoga Avenue


Year Built

2008

Units

362

Occupancy

96.4%

Amenities

Controlled Access

Fitness Center

Business

Center, Clubhouse

1 Swimming Pool

1 Spa



13

Source: Yardi

362 Units

6200 Canoga Avenue


(818) 704-7600

Completed Date

May, 2008


Location Rating A-

Occupancy 96.4%

Prior Names

Plaza at Warner Center Site I

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 669 Spaces, Covered Parking Available, Parking Type - Above Ground and SubterraneanFunctional Characteristics - Private Balcony/Patio, Outside Storage, Construction Type - CombinationOther Factor - Major Street Exposure - Canoga AvenueApartment Interior Amenities - Internet Access, Optional Monitored Security, Above Standard Ceiling Height, Microwave Ovens

Triana


One Bedroom 36 9.94% 653 23,508 $2,080 $3.19

One Bedroom 56 15.47% 697 39,032 $2,120 $3.04

One Bedroom 4 1.10% 711 2,844 $2,315 $3.26

One Bedroom 41 11.33% 763 31,283 $2,285 $2.99

One Bedroom 4 1.10% 810 3,240 $2,220 $2.74

One Bedroom 4 1.10% 883 3,532 $2,388 $2.70

One Bedroom/Den 16 4.42% 1,025 16,400 $2,437 $2.38

One Bedroom/Townhouse/Two Bath 10 2.76% 1,090 10,900 $2,290 $2.10



Two Bedroom/Den/Two Bath 8 2.21% 1,590 12,720 $3,321 $2.09


Total/Average 362 100% 976 353,333 $2,700 $2.77

Page 16 of 18


Rent Comparables


Vela on OX

Address

21221 Oxnard Street


Year Built

2019

Units

379

Occupancy

49.9%

Amenities

Controlled Access

Fitness Center

Business Center

Clubhouse

1 Swimming Pool

1 Spa



14

Source: Yardi

379 Units

21221 Oxnard Street


(818) 740-4654

Completed Date

July, 2019


Location Rating A-

Occupancy 49.9%

Common Area Amenities - Controlled Access, Fitness Center, Business Center, Clubhouse, 1 Swimming Pool, 1 Spa, Rental Office - Stand AloneParking - Total Parking - 680 Spaces, Covered Parking Is Available For An Additional $0 Per Month, Parking Type - Multi-Level StructureFunctional Characteristics - Private Balcony/PatioOther Factor - Major Street Exposure - Oxnard Street Apartment Interior Amenities - Internet Access, Above Standard Ceiling Height, Microwave Ovens

Vela on OX


Studio 23 6.07% 627 14,421 $2,379 $3.79

Live-Work 5 1.32% 1,479 7,395 $3,799 $2.57

Live-Work 21 5.54% 1,630 34,230 $4,012 $2.46

Live-Work 1 0.26% 2,356 2,356 $6,132 $2.60

One Bedroom 73 19.26% 702 51,246 $2,360 $3.36

One Bedroom 134 35.36% 746 99,964 $2,250 $3.02

One Bedroom 20 5.28% 825 16,500 $2,523 $3.06

Two Bedroom/Two Bath 39 10.29% 985 38,415 $3,107 $3.15




Total/Average 379 100% 876 332,192 $2,681 $3.06

Page 17 of 18


Rent Comparables


Land Sales ComparablesCriteria: Sites located within two miles from Subject Property, Mixed-Use or Multifamily Intended Use, $150 PSF+, sold between Nov 2017 - Feb 2020Source: CoStar, sorted by price per square foot

2211116611 VVIICCTTOORRYY BBLLVVDDLLAANNDD SSAALLEESS

CCrriitteerriiaa:: SSiitteess llooccaatteedd wwiitthhiinn ttwwoo mmiilleess ffrroomm SSuubbjjeecctt PPrrooppeerrttyy,, MMiixxeedd--UUssee oorr MMuullttiiffaammiillyy IInntteennddeedd UUssee,, $$115500 PPSSFF++,, ssoolldd bbeettwweeeenn NNoovv 22001177 -- FFeebb 22002200SSoouurrccee:: CCooSSttaarr,, SSoorrtteedd bbyy PPrriiccee PPeerr SSqquuaarree FFoooott

AAddddrreessss CCiittyy ZZiipp PPrriiccee SSFF PPrriiccee//SSFF ZZoonniinngg SSaallee DDaattee*6636 Variel Ave Canoga Park 91303 $31,000,000 108,900 $285 LAWC 3/8/19*6801-6819 Canoga Ave Canoga Park 91303 $10,000,000 48,221 $207 RV(WC)-SN-RIO 11/22/1720116 Sherman Way Winnetka 91306-3207 $6,890,000 44,431 $155 C2-1VL-RIO -6904 Eton Ave Canoga Park 91303-2109 $1,700,000 11,326 $150 (T)(Q) R3-1-RIO, R2-1-RIO 12/3/19

AAvveerraaggee:: $$223333

* Sites are located in Warner Center districts that do not have a non-residential requirement for new developments.


Affiliated Business Disclosure

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities (each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates, including CBRE Global Investors, Inc. or Trammell Crow Company, may have or represent clients who have competing interests in the same transaction. For example, Affiliates or their clients may have or express an interest in the property described in this Memorandum (the “Property”), and may be the successful bidder for the Property. Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’ interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc. and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert, or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective businesses in a manner consistent with the law and all fiduciary duties owed to their respective client(s).

Confidentiality Agreement

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential Memorandum solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii) you will not disclose it or its contents to any third party without the prior written authorization of the owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return it to CBRE, Inc.

Disclaimer

This Memorandum contains select information pertaining to the Property and the Owner, and does not purport to be all-inclusive or contain all or part of the information which prospective investors may require to evaluate a purchase of the Property. The information contained in this Memorandum has been obtained from sources believed to be reliable, but has not been verified for accuracy, completeness, or fitness for any particular purpose. All information is presented “as is” without representation or warranty of any kind. Such information includes estimates based on forward-looking assumptions relating to the general economy, market conditions, competition and other factors which are subject to uncertainty and may not represent the current or future performance of the Property. All references to acreages, square footages, and other measurements are approximations. This Memorandum describes certain documents, including leases and other materials, in summary form. These summaries may not be complete nor accurate descriptions of the full agreements referenced. Additional information and an opportunity to inspect the Property may be made available to qualified prospective purchasers. You are advised to independently verify the accuracy and completeness of all summaries and information contained herein, to consult with independent legal and financial advisors, and carefully investigate the economics of this transaction and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions at any time with or without notice to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive purchase and sale agreement delivered by the Owner.

© 2020 CBRE, Inc. All Rights Reserved.

CBRE and the CBRE logo are service marks of CBRE, Inc. All other marks displayed on this document are the property of their respective owners, and the use of such logos does not imply any affiliation with or endorsement of CBRE.




VICTORY BLVD

VICTORY BLVD

VARIEL AVE

VARIEL AVE


KITTRID

GE ST

KITTRID

GE ST

±1.51 ACRE MULTIFAMILY MIXED-USE DEVELOPMENT SITEUP TO 4.5:1 FAR

LOCATED IN WARNER CENTER SPECIFIC PLANEXISTING IN-PLACE INCOME21161

V I C TO R Y B LV DCANOGA PARK, CA

21161VICTORY BLVD


www.21161Victory.comOffers Due: Thursday, April 16, 2020 by 5:00 PM

Friday, May 15, 2020 by 5:00 PM(Extended due to COVID-19)

±1.51 acre multifamily mixed-use development site …...the enclave at warner center. 195 units....

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