Woodland Hills El Torito Property Sells as 2027 Lease Expiration Approaches

The El Torito property at 6040 Canoga Avenue, outlined in an aerial marketing image.

The property occupied by El Torito at 6040 Canoga Avenue in Woodland Hills has sold for $5.125 million, bringing new attention to the longtime restaurant's future as its advertised lease expiration approaches in June 2027.

Marcus & Millichap announced the completed sale on June 22, 2026, identifying the buyer as a private investor. The transaction places the familiar restaurant property under new ownership amid the development activity reshaping Warner Center. ^[1]

The detail worth watching is the lease. According to the Brandon Michaels Group's marketing materials, El Torito's term expires June 30, 2027, with no remaining renewal options. That raises the possibility of a different future for the property, although it does not establish a restaurant closing date. ^[2]

Property transaction data reviewed for this story lists CSJ Warner Center Properties LLC and Warner Center Realty LLC as the buyers in the $5.125 million transfer recorded May 29, 2026. The seller is listed as Kia Canoga Warner LLC, matching the seller identified in the brokerage's announcement. ^{[3, 1]}

Traded's report on the sale identifies Kevin Broukhim as the buyer. A California Secretary of State business-search record reviewed for CSJ Warner Center Properties LLC lists Kaveh Broukhim as its registered agent. ^{[4, 5]}

An official Los Angeles planning notice for a January 2020 hearing on a separate Pacoima Starbucks proposal names the applicant as Kevin (Kaveh) Broukhim, associated with Coby Holdings LLC. That document records the two names together and establishes his involvement in an earlier commercial development proposal. ^[6]

Together, these sources connect the reported buyer to CSJ. The registered-agent listing does not establish Broukhim's ownership percentage or show that he controls both purchasing entities. The individuals behind Warner Center Realty LLC and the buyers' plans for El Torito remain unconfirmed.

An older listing page still displays a $6.9 million asking price, but that offering has been overtaken by the announced sale. The brokerage also includes El Torito on its completed-transactions page. ^{[7, 8]}

The offering describes a 10,001-square-foot restaurant on approximately 0.72 acres and dates El Torito's operation at the location to 1977. With nearly half a century of history at the address, a potential change would reach beyond the real estate transaction for patrons who know this stretch of Canoga Avenue through its restaurants and former retail landmarks. ^[2]

El Torito's Canoga Avenue frontage, with its tiled roof and bull sculpture.

The surrounding development helps explain the interest. Across Canoga Avenue, the Kroenke Organization's proposed Rams Village at Warner Center would create a 52-acre neighborhood anchored by the team's permanent headquarters and training facility, alongside housing, shops, hotel space and entertainment venues. The announced project area extends west from Canoga between Erwin and Oxnard streets. ^[9]

The Rams already have a temporary practice facility in the area, which opened in August 2024. The larger village remains a proposed development, with the team describing construction in phases over many years. That distinction matters when considering how quickly nearby properties might change. ^[10]

Earlier marketing aerial showing El Torito across Canoga Avenue from the Rams site. The embedded practice-facility description is from the earlier offering; the Rams Village proposal is described above.

The nearby former Fry's Electronics property at 6100 Canoga Avenue has its own redevelopment history. Neighborhood Council records identify it as the site of The District at Warner Center. A state-filed notice records a January 2024 city approval for a mixed-use project with residential buildings, a 204-room hotel and commercial space. That approval concerns the Fry's property and does not establish a redevelopment plan for El Torito. ^{[11, 12]}

A wider aerial places El Torito beside the former Fry's property at left and neighboring businesses. The development figures are labels from the earlier marketing image.

For the El Torito parcel, broker Brandon Michaels said the sale attracted multiple qualified buyers despite the approaching lease expiration. His comments emphasized the location and the property's value beyond its existing lease. The sale announcement did not identify a replacement development or say the restaurant would be demolished. ^[1]

Earlier marketing map locating El Torito among Warner Center development sites. Its totals and status labels reflect the earlier offering.

Companion development table from the earlier marketing materials. The 2024–2025 dates shown are the offering's projections; current project status may differ.

A future redevelopment could mean the end of this El Torito location if the owner chooses that direction. A new lease agreement could also allow the restaurant to stay. The advertised expiration alone does not settle either outcome.

Another view of the restaurant's landscaped frontage and bull sculpture.

As of September 8, 2026, El Torito continues to list the Woodland Hills location with regular business hours on its official website. No confirmed closing date was found in the public materials reviewed for this story. June 2027 is a date to watch, with the next meaningful news being whether the restaurant and its new landlord reach an agreement or a specific redevelopment proposal emerges. ^[13]

Explore more Valley real estate and redevelopment stories on the SFV Blog Development & Architecture page.

Research

1. Marcus & Millichap sale announcement — June 22, 2026 announcement confirming the $5.125 million sale, seller and broker comments.
2. Brandon Michaels Group property offering — Building and parcel size, operating history, and advertised June 30, 2027 lease expiration with no remaining options.
3. 6040 Canoga Avenue property transaction history — Screenshot reviewed for this article identifying the two buyer LLCs, seller and sale price. It displays May 12, 2026 in the transaction row and May 29, 2026 as the recording date; the recorded deed itself was not reviewed.
4. Traded: 6040 Canoga Avenue sale — Transaction report identifying Kevin Broukhim as the buyer.
5. California Secretary of State business search — Screenshots reviewed for CSJ Warner Center Properties LLC (B20260178618) and Warner Center Realty LLC (B20260133329). CSJ lists Kaveh Broukhim as its registered agent; these records do not establish the entities' full ownership.
6. Los Angeles City Planning: Pacoima hearing notice — Page 1 of the notice for a January 6, 2020 hearing identifies Kevin (Kaveh) Broukhim and Coby Holdings LLC on a separate Starbucks proposal.
7. Earlier Brandon Michaels Group listing — The older $6.9 million asking price, superseded by the completed sale.
8. Brandon Michaels Group completed transactions — Includes the El Torito property at 6040 Canoga Avenue.
9. Official Rams Village announcement — April 7, 2025 announcement describing the proposed 52-acre development and its location.
10. Rams Village project information — Temporary practice facility, proposed permanent facilities and phased development.
11. Woodland Hills–Warner Center Neighborhood Council case report — October 2021 report identifying the former Fry's property as the District at Warner Center site.
12. CEQAnet: District at Warner Center approval record — January 2024 approval record for the separate residential, hotel and commercial project at 6100 Canoga Avenue.
13. El Torito Woodland Hills location page — Restaurant location and hours reviewed September 8, 2026.