7647 Topanga Canyon Boulevard, Canoga Park, CA, 91304, US

Topanga Grounds

Description

The Offering

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire Topanga Grounds (“Property” or “Site”), an approximately 17.71-acre residential redevelopment opportunity. The Property is currently used as growing grounds for the Green Thumb Nursery.

The Site offers a generational opportunity as one of the only remaining large parcels in the San Fernando Valley primed for residential uses. Located along Topanga Canyon Blvd, future residents can enjoy an abundance of amenities including the Westfield Topanga, and be near the Warner Center, one of the Valley’s major employment hubs.

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Attributes

Land area gross

17.71 acres

Media

Investment highlights

Rare Opportunity

The Topanga Grounds is a rare development opportunity, standing as the only available residential site over 10 acres in the West San Fernando Valley. Land of this scale is exceptionally scarce, with only four sites over 10 acres having transacted in the entire Valley in the past two years.

Prime Location

Future residents of the property can enjoy some of the best amenities in the Valley including the Warner Center area which contains the Topanga Westfield. The area is served with countless dining, retail, and shopping options.

Exceptional Demand

Canoga Park and surrounding neighborhoods have had a lack of new housing supply. There is only one new residential community located in Chatsworth, and there are zero multi-family units under construction. Vacancies are some of the lowest in the Valley and home prices have increased 45% since 2017.