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8218 Sepulveda Pl

0.31 Acres of Commercial Land Offered at £2,235,568 in Panorama City, CA 91402

Investment Highlights

  • Ready-to-build 33-unit apartment building in a prime location.
  • Situated in a bustling area with strong rental demand
  • This development is poised to generate signifcant rental income
  • property is conveniently located near public transportation, shopping centers, etc.

Executive Summary

Delivered with RTI, 33-unit apartment building

Property Facts

Price £2,235,568
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Apartment Units
Total Lot Size 0.31 AC
Opportunity Zone Yes

1 Lot Available

Lot 26

Price £2,235,568
Price Per AC £7,209,162
Lot Size 0.31 AC

R3 Lot, Lot Size 13,508 SQFT

Description

*Investment Opportunity: Prime 33-Unit Apartment Building Ready for Development* Seize this unique opportunity to invest in an RTI ready-to-build 33-unit apartment building, strategically located in a thriving urban neighborhood. This project offers a remarkable chance for developers and investors to capitalize on the high demand for modern housing in a desirable area. Situated in a bustling area with strong rental demand, the property is conveniently located near public transportation, shopping centers, dining options, and recreational facilities, ensuring easy access for future residents. The project comes with complete architectural plans and permits, allowing for a swift construction timeline. This readiness minimizes risks and accelerates your return on investment. The proposed design includes a mix of 1-bedroom, and 2-bedroom apartments, catering to a diverse range of tenants. Each unit is thoughtfully designed to maximize space and comfort, featuring modern layouts and high-quality finishes. Given the growing demand for rental properties in the area, this development is poised to generate significant rental income and long-term appreciation. The combination of desirable units and a prime location offers an attractive return on investment. This is a rare chance to acquire a ready-to-build 33-unit apartment building in a prime location. With the groundwork already laid, you can move forward with construction and capitalize on the growing demand for quality housing. Don’t miss out on this exceptional investment opportunity!

zoning

Zoning Code R3 (Restricted Density Multiple Dwelling)
R3 (Restricted Density Multiple Dwelling)
  • Listing ID: 33467071

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 8218 Sepulveda Pl, Panorama City, CA 91402

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