mira apartments

21425 Vanowen Street is one of several properties that the MDGLA has sold multiple times throughout the stages of development. In 2015, our team was successfully able to market the property as vacant land based on the forecasted potential that Warner Center is now realizing. After the close of escrow, Mr. McDermott advised the buyer throughout the entitlement and permit process. Once successfully executed, our team marketed the property again and sold it at a record-setting price, providing our client with a profit margin of nearly 50% before the project broke ground.

• Sales Price: $8,150,000

• Product Type: Land

• Size: 49,191 SF | 1.13 AC

• Price / SF: $165.68