8741-8747 Van Nuys Blvd - Commercial LAND FOR SALE


Panorama City, CA 91402 25,927 SF
$4,425,000 USD
310-880-7900
8741-8747 Van Nuys Blvd, Panorama City, CA for Sale
$4,425,000 USD
Commercial LAND - FOR SALE
1/7
25,927 SF

8741-8747 Van Nuys Blvd
Panorama City, CA 91402


HIGHLIGHTS

  • ED-1 Site, Approx 25,929 SF Lot and Running Street to Street
  • Build up to 93 Market Rate Units or up to 240 Affordable Housing Units
  • Lot Size and Layout allows for approx. 100 Parking Spaces on Grade
  • 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities
  • 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
  • 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile

OVERVIEW

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

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/ACRE

$7,433,877/AC

PRICE/SF

$171 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

ED-1, Running Street to Street + Dev Bonuses

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.6 AC

LAND SF

25,929 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC2

APN/PARCEL ID

2653-002-006,2653-002-020

ASK ABOUT THIS PROPERTY

Karl NiehausCREIMore Info
310-880-7900

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Karl NiehausCREIMore Info
310-880-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.