Price Reduction
Address
6801 Sepulveda Boulevard Van Nuys, CA
Price
$ 3,650,000
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
Property vs Zip Code Average in 91405
Price
Visits
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of January 25, 2021 6:29 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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