In the heart of the Warner Center River District, a unique value-add investment opportunity with significant development potential has become available for sale. The Brandon Michaels Group of Marcus & Millichap proudly presents 21721 Vanowen Street, a site that encapsulates the assurance and transformation of one of Los Angeles’ sought-after neighborhoods.
Covering approximately 1.5 acres, this land opportunity includes a shopping center with significant square footage, currently fully occupied and at a signalized corner. This property offers the potential for immediate returns and future growth. It is situated within the Warner Center Specific Plan in the River District, placing it in a highly sought-after development area.
The Warner Center River District is unique not only in its location but also in the developmental freedoms it offers. Here, developers are greeted with a by-right Floor Area Ratio (FAR) of 4.50, unlimited height possibilities, and no non-residential floor area requirement—a rarity only found in the River and North Village districts. Such flexibility paves the way for innovative designs and expansive projects that can soar as high as visionaries dare to dream.
Positioned amid a flurry of new hotels, residential buildings, and multi-use complexes, 21721 Vanowen Street benefits from its proximity to some of the country’s largest planned developments. Notably less than a mile away is the former Westfield Promenade and Anthem Blue Cross office tower site recently acquired by Los Angeles Rams owner Stan Kroenke. Planned redevelopment efforts include creating a new practice facility for the Los Angeles Rams alongside an extensive mixed-use project that assures to reshape the neighborhood’s skyline.
Adding to its potential, Uptown at Warner Center, located across from 21721 Vanowen Street, is poised for significant development. The area is planned to undergo extensive mixed-use development, incorporating both residential and commercial spaces. By 2035, the project is expected to expand significantly, including substantial additions in business, residential, and non-residential building spaces, indicating promising growth prospects for the property.
Currently home to a multi tenant retail strip center encompassing 32,190 SF with four tenants all under NNN leases, this property ensures stable cash flow with significant rental upside through lease expirations ranging from 2025 to 2028. All leases include termination provisions, allowing developers ample time with flexibility to plan and execute their visions while maintaining income streams.
Located on the northwest signalized corner of Vanowen Street and Owensmouth Avenue, this prime real estate benefits from daily traffic counts exceeding 24,000 vehicles. Its advantageous position directly in front of a major bus route further accentuates its accessibility and exposure—key components for any successful commercial venture.
With seventy-seven dedicated parking spaces—a benefit offering ease even during peak business hours—and multiple points of ingress/egress along Owensmouth Avenue to Jordan Avenue, convenience is built into every aspect of this location’s design.
The Brandon Michaels Group invites investors and developers to explore this unparalleled opportunity through our dedicated portal at brandonmichaelsgroup.com/21721vanowen or follow our journey on Instagram @brandonmichaelsgroup where we share insights into our latest listings and successes within commercial real estate ventures.
At The Brandon Michaels Group, we believe in not just selling properties but in fostering landscapes where communities can thrive alongside businesses—a belief deeply embedded within every transaction we facilitate. Join us as we embark on transforming these visions into reality at Warner Center’s vibrant district yet.
Published by: Martin De Juan
