8741-8747 Van Nuys Blvd - ED-1, Running Street to Street + Dev Bonuses
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8741-8747 Van Nuys Blvd - ED-1, Running Street to Street + Dev Bonuses
0.6 Acres of Commercial Land Offered at $6,361,380 CAD in Panorama City, CA 91402
Investment Highlights
- ED-1 Site, Approx 25,929 SF Lot and Running Street to Street
- Lot Size and Layout allows for approx. 100 Parking Spaces on Grade
- 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
- Build up to 93 Market Rate Units or up to 240 Affordable Housing Units
- 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities
- 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile
Executive Summary
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
OFFERING SUMMARY: 8741-8747 Van Nuys & 8720 Tobias offers an investor a 25,929 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The site allows for up to 93 market rate units or up to 240 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: $4,425,000 – $171/SF of Land
OFFERING SUMMARY: 8741-8747 Van Nuys & 8720 Tobias offers an investor a 25,929 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The site allows for up to 93 market rate units or up to 240 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: $4,425,000 – $171/SF of Land
Property Facts
| Price | $6,361,380 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.60 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | $6,361,380 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.60 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | $6,361,380 CAD | Lot Size | 0.60 AC |
| Price Per AC | $10,686,940.69 CAD |
| Price | $6,361,380 CAD |
| Price Per AC | $10,686,940.69 CAD |
| Lot Size | 0.60 AC |
Description
This two-parcel land property is a total of 25,929 square feet and currently hosts a retail property.
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $459,052 CAD | |
| Land Assessment | $378,720 CAD | Total Assessment | $837,771 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$378,720 CAD
Improvements Assessment
$459,052 CAD
Total Assessment
$837,771 CAD
zoning
| Zoning Code | LAC2 (C1.5 Uses; Retail w/ Limited Mfg, Service Stations/Garages, Retail Contr. Bus., Churches/Schools, Auto Sales, R4 Uses) |
| LAC2 (C1.5 Uses; Retail w/ Limited Mfg, Service Stations/Garages, Retail Contr. Bus., Churches/Schools, Auto Sales, R4 Uses) |
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8741-8747 Van Nuys Blvd - ED-1, Running Street to Street + Dev Bonuses
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