8741-8747 Van Nuys Blvd - Commercial LAND FOR SALE


Panorama City, CA 91402 16,775 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
1/4
16,775 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 offers an investor a 16,774 SF site, MIIP approved location with substantial development 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

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/ACRE

$11,491,177/AC

PRICE/SF

$264 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

MIIP Qualifying Property with Dev Bonuses

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.39 AC

LAND SF

16,774 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC2

APN/PARCEL ID

2653-002-006

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 Notice.