






Property Attributes
- MLS#SR20210550
- TypeCommercial
- CountyLOS ANGELES
- CityVan Nuys
- AreaVan Nuys
- Zip91405
- StyleRetail
- Price$ 3,650,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage10140
Listing Provided Courtesy Of:
Ashwin Joshi with Capital Realty Solutions Inc..
Property Description
This rare mixed-use commercial offering is located in an “Opportunity Zone”, where private investments, under certain conditions, may be eligible for capital gain tax incentives. The property is located at a major signalized intersection in the City of Van Nuys and enjoys 135 Ft frontage on busy Sepulveda Boulevard and 100 Ft frontage Vanowen Street. The center is anchored by a Domino’s Pizza, who is also in negotiation to lease the vacant contiguous space for restaurant dining. This unique property offers a savvy investor the ability to renegotiate long term month-month leases. The property is also located in a HUBZone, which is an SBA program fueling small business growth with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year. With tremendous upside potential, the new Buyer stands to benefit from greater returns both in the immediate term through increased cashflow and in the long-run through capital gain tax incentives. Seller will guaranty rental income from vacancies up to six months after close of escrow.
Price History | |
---|---|
10/7/2020 | Listed $3,800,000 |
1/17/2021 | 4% - $3,650,000 |
General Features
Building Features | Elevators |
---|---|
Construction Materials | Unknown |
Current Financing | None |
Directions | NW Corner of Sepulveda Bl & Vanowen St |
Heating | See Remarks |
Listagentaor | Southland |
Listing Agent | Ashwin Joshi - BRE#01799774 |
Listing Agent State License | 01799774 |
MLS Area | VN - Van Nuys |
Price Per Square Foot | 359.96 |
Property SubType | Retail |
Property Type | Commercial Sale |
Roof | Flat |
Source System | CRMLS |
Special Listing Conditions | Standard |
Topography | Level |
Total Units | 9 |
Utilities | Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, See Remarks, Sewer Connected, Water Connected |
Zoning | C2-1VL |
Interior Features
Condo Area Unit Type | Square Feet |
---|---|
Heating Y/N | Yes |
Laundry Features | None |
Total Stories | 2 |
Exterior Features
Building Area Total | 10140.00 |
---|---|
Fence Y/N | Yes |
Land Use | Office, Retail |
Lot Size Source | Assessor |
Number of Buildings | 1 |
Total Parking | 18.00 |
Uncovered Spaces | 18.00 |
Water Source | Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool