$17k per Buildable - Build up to 430 Units | 8741-8751 Van Nuys Blvd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
$17k per Buildable - Build up to 430 Units 8741-8751 Van Nuys Blvd
15,046 SF Retail Building Panorama City, CA 91402 £5,720,250 (£380/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
Development Sale
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,046 SF
Building Class
C
Year Built
1956
Price
£5,720,250
Price Per SF
£380
Tenancy
Multiple
Number of Floors
2
Building FAR
0.36
Land Acres
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
- Signalised Intersection
Walk Score ®
Very Walkable (85)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £251,942 | |
| Land Assessment | £207,853 | Total Assessment | £459,795 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£207,853
Improvements Assessment
£251,942
Total Assessment
£459,795
-
Karl Niehaus -
CREI
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
$17k per Buildable - Build up to 430 Units | 8741-8751 Van Nuys Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.