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