Revo Reseda

Shovel Ready Fully Entitled with Building Permit Paid and Issued.

6-Story, 180-Unit Mixed Use Development Opportunity.

Set Aside for 18 Below Market Units.

Offering Price:        Best Offer

Lot Area:            68,735 SF

Buildable Area:      58,675 SF

Base FAR (3:1):      176,025 SF

Max FAR (4.05:1):   237,633 SF (per density bonus)

Units:       180

Marcus & Millichap is pleased to present this expansive 1.57-acre (68,735 square feet) land parcel located in the desirable West San Fernando Valley neighborhood of Park Reseda. Strategically situated just north of the Interstate 101 Ventura Freeway, 6650 Reseda Blvd offers a prime location that provides convenient access to a diverse range of employment and retail options. While the property is approximately 5 miles from Warner Center, its significance is magnified by its close proximity to a myriad of major retail and employment centers.

Notably, the property is situated in the vicinity of prominent destinations such as Westfield Topanga, The Topanga Village, Warner Center, Pierce College, Northridge Fashion Center, Van Nuys Airport, Providence Cedars-Sinai, and California State University Northridge. These influential centers collectively contribute to the vibrancy and growth potential of the area, enhancing the value proposition of 6650 Reseda Blvd. 

Moreover, it’s essential to recognize that although 6650 Reseda Blvd is located around 5-miles from Warner Center, its attributes and potential play a pivotal role in the local development landscape. The surrounding area, including 21300 Oxnard Street, is currently experiencing the emergence of new hotels, residential complexes, and multi-use developments, further underlining the property’s unique and advantageous position.

What sets this opportunity apart is its centrality within reach of some of the nation’s most significant planned developments. Notably, the Westfield Promenade, situated just half a mile from the property, has been acquired by Stan Kroenke, owner of the Los Angeles Rams. The Promenade is undergoing a remarkable $1.5 billion transformation, envisioned to include retail spaces, Class-A offices, two hotels, 14,000 residential units, and an expansive entertainment and sports center. The future direction could encompass the continuation of this ambitious plan, or the site potentially serving as the Rams’ Practice facility.