ORANGE COUNTY REAL ESTATE
Price Reduction
Address
6801 Sepulveda Boulevard Van Nuys, CA
Price
$ 3,345,000
Property Attributes
  • MLS#SR20210550
  • TypeCommercial
  • CountyLOS ANGELES
  • CityVan Nuys
  • AreaVan Nuys
  • Zip91405
  • StyleRetail
  • Price$ 3,345,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.31 Acres
Listing Provided Courtesy Of:
Ashwin Joshi with Capital Realty Solutions Inc..
Data Source:
CRMLS
Property Description

SUBMIT OFFERS --- PRICE REDUCED --- SELLER MOTIVATED --- 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
3/1/2021 3% - $3,550,000
4/12/2021 6% - $3,345,000

General Features

Building Features Elevator(s)
Construction Materials Unknown
Electric Electricity - On Property
Heating See Remarks
Listing Agent Ashwin Joshi - BRE#01799774
Listing Agent State License 01799774
MLS Area VN - Van Nuys
Open Parking Spaces 18
Property Sub Type Additional Retail
Property SubType Retail
Property Type Commercial Sale
Roof Flat
Terms Cash to New Loan, 1031 Exchange
Topography Level
Total Units 9
Utilities Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, See Remarks, Water Connected
Virtual Tour https://youtu.be/EfPhE9XPmsY
Water Sewer Expense 10550
Zoning C2-1VL

Interior Features

Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing Block
Lot Dimensions 135 x 100
Lot Features Corner Lot, Near Public Transit, Paved, Rectangular Lot, Level
Lot Size Acres 0.31
Lot Size Area 13431
Lot Size Source Assessor
Lot Size Square Feet 13431
Lot Size Units Square Feet
Number of Buildings 1
Total Parking 18
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

Property vs Zip Code Average in 91405

Price
AVG $1.67M
$3.35M
Visits
AVG 77
195
Year Built
AVG 1971
1986
Walkscore
AVG 85
80
Data Provided by Walkscore ® not using MLS data

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