ORANGE COUNTY REAL ESTATE
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
AVG $2.68M
$3.65M
Visits
AVG 45
92
Year Built
AVG 1968
1986

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