PARK VILLAGE APARTMENTS5 3 2 7 H E R M I T A G E A V E N U E
4 2 B R A N D N E W U N I T S I N V A L L E Y V I L L A G E , C A
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It
is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be
made available to any other person or entity without the written consent of Marcus & Millichap. By taking
possession of and reviewing the information contained herein the recipient agrees to hold and treat all such
information in the strictest confidence. The recipient further agrees that recipient will not photocopy or
duplicate any part of the Offering Memorandum. If you have no interest in the subject property at this time,
please return this Offering Memorandum to Marcus & Millichap.
This Offering Memorandum has been prepared to provide summary, unverified financial and physical
information to prospective purchasers, and to establish only a preliminary level of interest in the subject
property. The information contained herein is not a substitute for a thorough due diligence investigation.
Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect
to the income or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence or absence of
contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the
physical condition of the improvements thereon, or the financial condition or business prospects of any
tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The
information contained in this Offering Memorandum has been obtained from sources we believe to be
reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained
herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no
warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct
thorough due diligence and seek expert opinions as they may deem necessary, especially given the
unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not
been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser.
Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries
between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as
lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage
other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions
involving the property’s physical condition or financial outlook. Projections and pro forma financial
statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers
should be comfortable with and rely solely on their own projections, analyses, and decision-making.)
5327 HERMITAGE AVENUEV A L L E Y V I L L A G E , C A 9 1 6 0 7
JANETTE MONFAREDSenior Managing Director Investments
Senior Director, National Multi Housing Group(818) 212-2752
[email protected]: 00765098
JEFF LOUKSExecutive Vice President of Investments
(818) [email protected]
DRE #00908473
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ADDRESS 5327 Hermitage Avenue
CITY Valley Village, CA 91607
UNITS 42
YEAR BUILT 2018
APN 2347-025-013
APPROX. GROSS SF 57,198
APPROX LOT SIZE 24,036
ZONING LAR3
▪ 84,969 Total Building Square Footage (Including Garage)
▪ Immaculate Brand-New Building
▪ Individually Metered For Water
▪ Gym + 27 Storage Units
▪ Property is Subject to Los Angeles City Rent Control
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The Subject property is conveniently located just south of Chandler
Boulevard and in between Whitsett Avenue and Laurel Canyon Boulevard.
Tenants benefit from easy access to several public transportation options
including being walking distance to the Orange Line Busway and being in
close proximity to the 101 Freeway.
5327 Hermitage Avenue is beautiful building with several fantastic
amenities including a very spacious gym, in-unit Washer and Dryers, 27
storage units (that are being rented for extra income) and Gated
subterranean parking (76 Spaces). Access into the building is controlled
with a security keypad, and several common area security cameras.
Additionally, the building has been plumbed for individual water meters
for each unit (see listing agents for details.)
Valley Village is known to be one of the best locations within the valley as
there has been a tremendous amount of investment into the area over the
last several years with many new and beautiful commercial and residential
developments in the pipeline. Valley Village is a neighborhood that is near
Sherman Oaks and Studio City making it a wonderful location for families
and professionals to reside who might be priced out of these higher end
locations. This is a fantastic opportunity for any investor looking for a very
well built and beautiful stabilized multifamily asset in a highly desirable
location. This property is priced at just under $512,000 a unit and
approximately $375 p/sf which would be extremely hard to duplicate for a
building of this size, quality, and location.
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4 2 L U X U R Y U N I T SB U I L T I N 2 0 1 8
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PARK VILLAGE APARTMENTS
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PARK VILLAGE APARTMENTS
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PARK VILLAGE APARTMENTS
A M E N I T I E S P A C K A G E
COMMUNITY AMENITIES
▪ Access to Public Transportation
▪ Beautiful Landscaping
▪ Covered Parking
▪ Easy Access to Freeways and Shopping
▪ Garage
▪ On-Call Maintenance
▪ State-of-the-Art Fitness Center
▪ Assigned Parking
▪ Cable Available
▪ Disability Access
▪ Elevator
▪ High-Speed Internet Access
▪ Public Parks Nearby
APARTMENT FEATURES
▪ Balcony or Patio*
▪ Cable and Satellite Ready
▪ Central Air Conditioning and Heating
▪ Disability Access
▪ Dishwasher
▪ Intrusion Alarm
▪ Microwave
▪ Mini Blinds
▪ Mirrored Closet Doors
▪ Refrigerator
▪ Vertical Blinds
▪ Vinyl Flooring
▪ Walk-in Closets
▪ Washer and Dryer in Home
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1 BED/1.5 BATH985 SF
1 BED/1.5 BATH1,043 SF
2 BED/2 BATH1,059 SF
2 BED/2 BATH1,126 SF
FLOORPLANS
A B
A B
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2 BED/2 BATH1,226 SF
3 BED/2 BATH1,438 SF
3 BED/3 BATH1,506 SF
C A
A
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Unit # Type Current Rent Vacant
102 2+2 $2,895
103 2+2 $2,499
104 2+2 $2,900 *
105 2+2 $2,900 *
106 1+1.5 $2,399
107 (LI) 2+2 $822
108 2+2 $3,016
109 2+2 $2,649 mgr
110 3+3 $3,895
201 2+2 $2,650
202 2+2 $2,895
203 2+2 $2,499
204 2+2 $2,895
205 2+2 $2,499
206 1+1.5 $2,400
207 (LI) 3+2 $914
208 2+2 $2,649
209 2+2 $2,649
210 2+2 $2,900 *
211 3+3 $3,595
301 2+2 $2,850
302 (LI) 2+2 $822
303 2+2 $2,900 *
304 2+2 $2,649
305 2+2 $2,750
306 1+1.5 $2,450
307 3+2 $3,499
308 2+2 $2,899
309 2+2 $2,900 *
310 2+2 $2,900
311 3+3 $3,700
401 2+2 $2,850
402 2+2 $2,895
403 2+2 $2,756
404 (LI) 2+2 $822
405 2+2 $2,756
406 1+1.5 $2,550
407 3+2 $3,650 *
408 2+2 $2,900
409 2+2 $2,900 *
410 2+2 $2,900
411 3+3 $3,952
Totals: $113,770
* Unit currently vacant and being marketed for rent
PRICING THE ASSET FINANCING
OFFERING PRICE $21,500,000 Units 42 Down 55.3% $11,900,000
PRICE/UNIT $511,905 Year Built 2018 Loan 44.7% $9,600,000
PRICE/SF $375.89 Gross SF 57,198 Ammort Years 30
GRM 15.56 15.10 Lot SF 24,036 Interest Rate 4.18%
CAP RATE 4.03% 4.21% APN 2347-025-013 Payments ($46,834)
Current Market
MONTHLY RENT SCHEDULE
# of Units Type Avg.Current Current Total Market Market Total
28 2+2 $2,796.43 $78,300 $2,900 $81,200
4 1+1.5 $2,449.75 $9,799 $2,500 $10,000
2 3+2 $3,575.00 $7,150 $3,650 $7,300
4 3+3 $3,785.50 $15,142 $3,850 $15,400
3 2+2 Low Income $822.00 $2,466 $822 $2,466
1 3+2 Low Income $914.00 $914 $914 $914
42 $113,771 $117,280
Storange Income $1,350 $1,350
Monthly Scheduled Gross Income $115,121 $118,630
ANNUALIZED INCOME Current Market
Scheduled Gross Income $1,381,452 $1,423,560
Vacancy Rate Reserve 5% ($69,073) 5% ($71,178)
Gross Operating Income $1,312,380 $1,352,382
ANNUALIZED EXPENSES Current Market
Taxes 1.20% $257,150 $257,150
Insurance $11,279 $11,279
Utilities $37,564 $37,564
Main. & Repairs (est.) $24,000 $24,000
Off Site Mgmt (4%) $52,495 $52,495
On-Site Manager (est.) $40,000 $40,000
Landscaping $3,000 $3,000
Rubbish $8,772 $8,772
Misc.+ Reserves (est.) $10,500 $10,500
Elevator $2,112 $2,112
Total Expenses $446,872 $446,872
Expenses/Unit $10,640 $10,640
Expenses/SF $7.81 $7.81
% of SGI 34.05% 33.04%
RETURN Current Market
NOI $865,508 $905,510
Less Debt ($562,004) ($562,004)
Cashflow $303,504 $343,506
Cash on Cash 2.55% 2.89%
Debt Coverage 1.54 1.61
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ADDRESS UNITS BUILT GROSS SF LOT SIZE SALE DATE PRICE PRICE/UNIT PRICE/SF CAP GRM
1 4297 Coldwater Canyon Ave 10 2005 19,860 13,939 6 - 3/2 8/26/2019 $6,500,000 $650,000 $327 5.08% N/A
Studio City, CA 91604 4 - 4/2
2 4623 Willis Ave 18 1999 24,046 14,810 18 - 2/2 6/27/2019 $8,950,000 $497,222 $372 4.00% N/A
Sherman Oaks, CA 91403
3 5250 Satsuma Ave 12 2020 20,975 15,120 2 - 2/2 3/16/2020 $7,550,000 $629,167 $360 4.70% 15.00
North Hollywood, CA 91601 10 - 3/2
4 11048 La Maida St 10 2003 13,004 8,712 10 - 2/2 8/15/2019 $4,950,000 $495,000 $381 3.40% N/A
North Hollywood, CA 91601
5 5143 White Oak Ave 24 2007 38,568 N/A 4 - 2/2 7/15/2020 $15,357,500 $639,896 $398 3.65% 18.13
Encino, CA 91316 20 - 3/3
6 11145 Sunshine Terrace 8 2009 14,817 N/A 8 - 3/2.5 N/A $5,900,000 $737,500 $398 4.48% 15.58
Studio City, CA 91604
AVERAGES 21,878 13,145 $8,201,250 $608,131 $373 4.22% 16.24
S PARK VILLAGE APARTMENTS 42 2018 57,198 24,036 28 - 2+2 $21,500,000 $511,905 $376 4.03% 15.56
5327 Hermitage Avenue 4 - 1+1.5
Valley Village, CA 91607 2 - 3+2
4 - 3+3
3 - 2+2
1 - 3+2
UNIT MIX
18
$650,000
$497,222
$629,167
$495,000
$639,896
$737,500
$511,905
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$800,000
1 2 3 4 5 6 S
PRICE/UNIT
$327
$372$360
$381$398 $398
$376
$0
$50
$100
$150
$200
$250
$300
$350
$400
$450
1 2 3 4 5 6 S
PRICE/SF
5.08%
4.00%
4.70%
3.40%3.65%
4.48%
4.03%
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
1 2 3 4 5 6 S
CAP RATE
N/A N/A
15.00
N/A
18.13
15.58 15.56
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
18.00
20.00
1 2 3 4 5 6 S
GRM
1
5
2
S3
4
19
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1 4297 Coldwater Canyon Ave
2 4623 Willis Ave
3 5250 Satsuma Ave
4 11048 La Maida St
5 5143 White Oak Ave
6 11145 Sunshine Terrace
S 5327 Hermitage Avenue
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ADDRESS BUILT GROSS SF UNITS TYPE UNIT SF RENT RENT/SF TYPE UNIT SF RENT RENT/SF TYPE UNIT SF RENT RENT/SF
1 11405 Chandler Blvd 2017 80,803 82 1 bd/1 ba $2,425
North Hollywood, CA 91601
2 5440 Tujunga Ave 2006 - 180 1 bd/1 ba $2,535
North Hollywood, CA 91601
3 11036 Moorpark St 2020 - 96 1 bd/1 ba $2,515
Studio City, CA 91602
4 3912 Laurel Canyon Boulevard 1989 31,296 36 2 bd/2 ba $2,875
Studio City, CA 91604
5 12000 Riverside Dr 2011 - 134 2 bd/2 ba $3,032
Valley Village, CA 91607
6 12203 Moorpark St 2020 - 16 2 bd/2 ba $3,000
Studio City, CA 91604
7 11945 Magnolia Blvd 2008 121,599 97 2 bd/2 ba $2,838
Valley Village, CA 91607
8 10407 Magnolia Blvd - 27,586 42 3 bd/2 ba $3,625
North Hollywood, CA 91601
9 5440 Tujunga Ave 2006 - 180 3 bd/3 ba $3,895
North Hollywood, CA 91601
10 10950 Bloomfield St 2015 69,412 49 3 bd/3 ba $3,250
Toluca Lake, CA 91602
AVERAGES 2010 66,139 $2,492 $2,936 $3,590
S PARK VILLAGE APARTMENTS 2018 57,198 42 1 bd/1 ba Market Rate $2,450 2 bd/2 ba Market Rate $2,796 3 bd/2 ba Market Rate $3,575
5327 Hermitage Avenue 2 bd/2 ba Low Income $822 3 bd/3 ba Market Rate $3,786
Valley Village, CA 91607 3 bd/2 ba Low Income $914
BUILDING SPECS 1 BEDROOM 2 BEDROOM 3 BEDROOM
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1 11405 Chandler Blvd
2 5440 Tujunga Ave
3 11036 Moorpark St
4 3912 Laurel Canyon Boulevard
5 12000 Riverside Dr
6 12203 Moorpark St
7 11945 Magnolia Blvd
8 10407 Magnolia Blvd
9 5440 Tujunga Ave
10 10950 Bloomfield St
S 5327 Hermitage Avenue
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V A L L E Y V I L L A G E
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An area defined by tradition and family, Valley Village is a charming
area in Los Angeles County, California that’s free of concrete-living.
The suburban neighborhood is a fantastic place for children, with
some of the country’s top private and charter schools. It’s a strong
community that hosts events every year, from Fourth of July to
winter holidays and values calm streets away from nearby places like
Sherman Oaks and Studio City.
Residents of Valley Village enjoy its central location, access to
freeways and public transit, and nearby employment hubs. Above
average income and occupancy make assets of this size and vintage
an attractive investment opportunity with excellent real estate
fundamentals that should sustain demand for many years to come.
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26 Small Lot Houses Planned in Valley Village: IHP Capital Partners and Williams Homes
have formed a joint venture for the construction of a 26 single-family dwellings on U-shaped
site at the intersection of Hermitage Avenue and Weddington Street. The project will
feature floor plans between 1,173 and 2,079 square feet, with up to four bedrooms, three-
and-a-half bathrooms, and two-car garages.
WHA Architects is designing the currently unnamed development, which will consist entirely
of three-story structures.
Orange Line-Adjacent Development Site Getting Active: A vacant lot near the Orange Line
busway in Valley Village has been cleared of brush and now has protective fencing
surrounding it, signaling the start of work on a new mixed-use development.
The development site, located at 12444 Chandler Boulevard, is slated for the construction of
a five-story edifice containing 69 one- and two bedroom apartments - including nine
affordable units - above 4,250 square feet of ground-floor retail space and parking for 136
vehicles on two subterranean levels.
Three-Story Mixed-Use Project Takes Shape in Valley Village: In Valley Village, two local
developers are in the midst of construction for a mixed-use building featuring apartments
and ground-floor retail space.
The project, which comes from West Hollywood-based Hillock Land Company and Luminor
Properties, is replacing a former auto repair shop with a three-story structure that will
feature 19 apartments above 1,575 square feet of ground-floor retail space and parking for
31 vehicles. The low-rise development, called Magnolia Hill, will offer a mix of studio and
one-bedroom dwellings.
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V A L L E Y V I L L A G E D E V E L O P M E N T S
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DEVELOPMENTS DESCRIPTION
1 Lankershim Blvd & Gilmore Ave 89-room hotel featuring at-grade parking, a lobby, a breakfast area, a fitness room, a multipurpose room, swimming pool
2 11301-11321 Camarillo Street 60 units - including six very low-income affordable units - with 2,800 square feet of ground-floor retail space
3 Erwin St & Radford Ave 127 apartments above approximately 12,000 square feet of retail and restaurant space and a 218-car garage
4 Chandler Blvd & Blakeslee Ave 329 apartments and 4,300 square feet of ground-floor retail space
5 6634 N. Vineland Avenue 14,400-SF site at 6634 N. Vineland Avenue, would replace a five-unit apartment complex with eight-single family residences
6 Chandler & Lankershim 127 apartments above approximately 12,000 square feet of retail
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N O H O A R T S D I S T R I C T P R O X I M I T Y
PARK VILLAGE
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NOHO METRO
PARK VILLAGE
NOHO ARTS DISTRICT
• The Federal
• Animalia
• Brew Brothers
• Skinny’s Lounge
• NoHo Farmer’s Market
• Blaqhaus
• Front ard
• Lofts at NoHoUNIVERSAL CITYWARNER BROSBURBANK
Teya Thai
China LitesBest Friends Animal Hospital
Medical Office
Pilgrim Media
Makeup Institute
LAUREL PLAZA
• Royal Macaron
• Noodle Monster
• Elegant Touch
• Pet Grooming
• Miya Sushi
• Blush Nail Bar
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PARK VILLAGE
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THE SAN FERNANDO VALLEY
AREA POPULATION
Almost 2.5 million people reside in the San Fernando
Valley, which includes the submarkets of Northridge-
Northwest San Fernando Valley; Van Nuys-Northeast
San Fernando Valley; Woodland Hills; Burbank-
Glendale-Pasadena; as well as Sherman Oaks-North
Hollywood-Encino. The area’s population is expected
to increase by 1.9 percent through 2019, or by nearly
45,000 new residents.
ENTERTAINMENT INDUSTRY SYNERGY
Known for its entertainment industry, the Valley
boasts more than 100 soundstages. Entertainment
giants calling the Valley home include Walt Disney
Co., Universal Studios, Warner Brothers, DreamWorks
and Paramount Ranch. The entertainment industry
continues to set the area’s economic pulse. Local
motion picture and entertainment companies
employ roughly 25,000 people.
TRANSFORMATION
While the Valley has grown into the world’s center for
entertainment, aerospace giants Boeing and
Northrop Grumman, and 21st Century Insurance also
generate numerous well-paying jobs. Healthcare is a
also a major source of employment with providers
that include Kaiser Permanente, and Providence
Health & Services. As a result of its large
concentration of high-salaries and successful
companies, the area’s median household income of
$59,300 per year has risen dramatically since 2000.
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2022 JOINT VENURE
FORTUNE 500/1000 COMPANIES
DOLE ❖ AMGEN ❖ NORTHROP GUMMAN ❖ TELEDYNETECHNOLOGIES ❖ TUTOR PERINI ❖ PUBLIC STORAGE ❖ AVERYDENNISON ❖ HEALTHNET
OTHER MAJOR FIRMS
HINES ❖ KEYES ❖ ANTHEM ❖ ALLISON ASSET ❖ BURBANKSTUDIOS ❖ WESTFIELD ❖ RYLAND HOMES ❖ KAISERPERMANENTE ❖ WARNER BROS ❖ ADLER REALTY ❖ MARVEL ❖ABC
SFV MAJOR HEADQUARTERS
PARK VILLAGE
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PROFIT-BOOSTING BUSINESS SUPPORT
The Valley gives businesses the advantage of strong strategic partners
and support structures. These serve to connect businesses to the
resources it needs for growth. The region is home to robust
organizations which include The Valley Economic Alliance, Valley
Economic Development Center, Valley Industry and Commerce
Association, United States Small Business Association, United Chambers
of Commerce, and many others.
NETWORK OF ILLUSTRIOUS CORPORATE HEADQUARTERS
The Valley is home to many major corporate names, and has traditionally been
known as the entertainment capital of the world. They include Fortune 500
Companies such as The Walt Disney Co., Amgen Inc., Health Net Inc., and Avery
Dennison Corp., as well as Fortune 1,000 Companies Tutor Perini Corp.,
Teledyne Technologies Inc., The Ryland Group Inc., and Public Storage.
ACCESSIBLE TRANSPORTATION HUBS
The Valley makes transportation easy and accessible anchored by two major
airports in the region, the world’s largest general aviation airport in Van Nuys
as well as Bob Hope Airport in Burbank. businesses have easy access to major
airlines for business, trade, and private aircraft needs. On the ground, The
Valley has commuter rail services, Surfliner trains, dedicated high-speed bus
lanes, a subway, an elaborate freeway system, and will have a California High
Speed Rail station, now in the planning stage.
EDUCATION CENTERS OFFER SOLID EMPLOYEE BASE
From private to public education, no other area comes close to the
educational capacity of The Valley. The Greater San Fernando Valley is
home to 121 accredited institutions that offer higher education degrees,
and includes public and private universities, colleges, trade schools, and
graduate institutions. Approximately 506,000 individuals have higher
education degrees, roughly 25% of The Valley’s entire population. This
makes it easy for businesses to find future employees who are well-
educated.
MASSIVE ENTERTAINMENT & TOURISM CAPITAL
With an entertainment industry known around the world that is
constantly bringing in new people and major new investors, there is no
better market for getting creative talent for businesses. Tourism is
constantly growing here, with over 42 million overnight and day visitors
to the region annually as well as over $18.4 billion spent by these visitors.
BUSINESS INCENTIVES AND OPPORTUNITIES
The Valley is sharply focused on providing businesses with the means to
attract and retain a great workforce. There are assortments of federal, state,
and local tax incentives/credits which are easy to attain. Examples include the
Research and Development Tax Credit, Work Opportunity Tax Credit, Net
Operating Loss Carryover, Film and TV Production Tax Credit, “Clean
Technology Company” tax exceptions, and the Clean Vehicle Rebate Project.
BUSINESS SNAPSHOT
3 Mi. Demographic Snapshot
Metro Population 200,203
Households 68,681
Average HH Income $94,161
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It’s time to stop thinking of the Valley as a sleepy suburb. From Chatsworth to North Hollywood, plans are in the pipeline to make neighborhoods more city-
like, meaning more dense and maybe more walkable and bikeable and more transit-friendly. In the coming years, developers will build thousands of new
units of housing, create open space, bring in new retailers, and build new offices, creating mini villages within neighborhoods.
Burbank Town CenterRazing the old Ikea would make way
for765 multi-family units; plus an additional 70 for-sale units would be
built at 800 North San Fernando Boulevard.
North Hollywood Metro stationMetro is working to bring 1,500 units,
retail, and office space to the station. The development, called District NoHo, is slated to be built in phases starting in
2021.
NoHo West642 apartments, 60 dining and
shopping options, a Trader Joe’s, gym, and movie theater.
Harvard-Westlake River Park6 acres of public park space, plus
tennis courts and walking trails that are also open to the public.
The ICON at Panorama City7 buildings measuring 584,000 SF.
That space would hold 423 units plus 200,000 sf of commercial floor area. 6-
level parking garage for 1,690 cars
Sepulveda 364364 Apartment units. 44 of the units
will be earmarked as low income. The project also includes a garage with
557 spots, plus a swimming pool and a dog run.
“24”: The new Bratz dolls headquarters
This office campus will incorporate creative office, residential, and retail
space on a 24-acre property, which will serve as the headquarters for MGA
Entertainment, the makers of Bratz dolls.
6606 Variel Ave271-unit apartment building.
The complex would have a pool and rooftop decks, plus two
levels of parking.
6041 Variel Ave274-unit apartment complex
with 11 live work units and a 12-story office building.
21031 Warner Center Lane1,000 apartments and condos,
and a trio of 15-story office buildings to a site near De Soto
and Burbank.
Warner Center MakeoverWestfield is planning a major
overhaul of the old Promenade mall with 1,400 units, new
shops & restaurants, 572 hotel rooms, and an entertainment
venue.
DEVELOPMENT IN THE VALLEY: 11 BIG PROJECTS POISED TO ALTER THE REGION
PARK VILLAGE
5 3 2 7 H E R M I T A G E A V E N U E
4 2 B R A N D N E W U N I T S I N V A L L E Y V I L L A G E , C A
PARK VILLAGE APARTMENTS