6819 Variel Avenue Canoga Park, CA
$ 2,050,000
Property Attributes
  • MLS#21675552
  • TypePending
  • CityCanoga Park
  • AreaCanoga Park
  • Zip91303
  • Style
  • Price$ 2,050,000
  • Bedrooms6
  • Full Bathrooms6
  • Half Bathrooms0
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Chase Simonton with RE/MAX One.
Data Source:
Property Description

WARNER CENTER DEVELOPMENT - LA City Council recently approved Promenade 235, which is clearing the way for a sprawling development less than a mile away from subject property. This newly approved development will include a new sports arena, two hotels, a 28-story office tower and more than 1,400 new apartments. Currently 100% occupied, this 6-unit multi-family building sits on a 9,003 sf parcel allowing a developer to earn income while plans and entitlements are underway. Eased building restrictions in the Warner Center allow for up to 40-units with NO HEIGHT RESTRICTIONS. Special zoning only requires 1/2 parking spaces per unit and there are NO REQUIREMENTS FOR AFFORDABLE HOUSING. This property is also located in an OPPORTUNITY ZONE, giving the developer an opportunity to build 40 units and in 10 years sell the property and pay ZERO CAPITAL GAINS TAX! Please do NOT disturb the Tenants!

Price History
1/5/2021 Listed $2,050,000

General Features

Cooling Wall/Window Unit(s)
Heating Wall Furnace
MLS Area CP - Canoga Park
Parking Features Assigned
Property Type Residential Income
Total Units 6
Zoning LAR3

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes

Exterior Features

Lot Dimensions 75x120
Lot Size Acres 0.2
Lot Size Area 9003
Lot Size Square Feet 9003
Lot Size Units Square Feet
Number of Buildings 1


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91303

AVG $920K
AVG 16
Year Built
AVG 1959
AVG 77
Data Provided by Walkscore ® not using MLS data

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