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8218 Sepulveda Pl
0.31 Acres of Commercial Land Offered at $4,122,525 CAD in Panorama City, CA 91402
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INVESTMENT HIGHLIGHTS
- Ready-to-build 33-unit apartment building in a prime location.
- property is conveniently located near public transportation, shopping centers, etc.
- Parking: 26
- Situated in a bustling area with strong rental demand
- Opportunity zone
- Excellent unit mix: 20 units are 2 bed (mix of 1 and 2 bath), 7 units are 1 bed 1 bath, 6 units are 3 bed (mix of 1 and 2 bath) + recreation room
EXECUTIVE SUMMARY
PROPERTY FACTS Under Contract
Price | $4,122,525 CAD | Property Subtype | Commercial |
Sale Type | Investment | Proposed Use | Apartment Units |
No. Lots | 1 | Total Lot Size | 0.31 AC |
Property Type | Land | Opportunity Zone |
Yes
|
Price | $4,122,525 CAD |
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 | $4,122,525 CAD | Lot Size | 0.31 AC |
Price Per AC | $13,294,135.91 CAD |
Price | $4,122,525 CAD |
Price Per AC | $13,294,135.91 CAD |
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) |
Presented by
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8218 Sepulveda Pl
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