$17k per Buildable - Build up to 430 Units | 8741-8751 Van Nuys Blvd
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$17k per Buildable - Build up to 430 Units 8741-8751 Van Nuys Blvd
15,046 SF Retail Building Panorama City, CA 91402 $7,250,000 ($482/SF)
Investment Highlights
- ED-1 Site, Approx 42,216 SF Lot and Running Street to Street
- Lot Size and Layout allows for approx. 127 Parking Spaces on Grade
- 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines.
- Build up to 146 Market Rate Units or up to 430 Affordable Housing Units
- 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities.
- Excellent Walking Access to all Amenities – 87/100 Walk Score
Executive Summary
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
OFFERING SUMMARY: 8741-8751 Van Nuys & 8720 Tobias offers an investor a 42,216 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The site allows for up to 146 market rate units or up to 430 affordable units. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and MetroLink rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible.
DEMOGRAPHICS: High housing demand with over 73k residents within 1 mile and 175k residents within 2 miles. Household income averages over $71k within 1 mile and $82k within 2 miles.
PRICE: $7,250,000 – $171/SF of Land
OFFERING SUMMARY: 8741-8751 Van Nuys & 8720 Tobias offers an investor a 42,216 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The site allows for up to 146 market rate units or up to 430 affordable units. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and MetroLink rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible.
DEMOGRAPHICS: High housing demand with over 73k residents within 1 mile and 175k residents within 2 miles. Household income averages over $71k within 1 mile and $82k within 2 miles.
PRICE: $7,250,000 – $171/SF of Land
Property Facts
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,046 SF
Building Class
C
Year Built
1956
Price
$7,250,000
Price Per SF
$482
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.36
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
C2-2
Parking
45 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
103 FT on Van Nuys Blvd
Amenities
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $319,318 | |
| Land Assessment | $263,439 | Total Assessment | $582,757 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$263,439
Improvements Assessment
$319,318
Total Assessment
$582,757
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$17k per Buildable - Build up to 430 Units | 8741-8751 Van Nuys Blvd
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