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7516 SEPULVEDA Van Nuys, CA 91405
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Key Details
Sold Price $1,475,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 20-583184
Sold Date 09/29/20
Lot Size 0.316 Acres
Property Description
We are pleased to offer for sale this development opportunity located at 7510-7516 Sepulveda Boulevard consisting of two parcels totaling 13,774 square feet. The property is located within an Opportunity Zone, which could allow for tax incentives for a redevelopment project on the site. Zoned LAR3, the lots could potentially be developed into 18 units with an estimated 13,000 total rentable square feet (buyer to verify)*. The property is located near the intersections of Sepulveda Boulevard and Saticoy Street, providing convenient access to the 405 Freeway, as well as nearby grocery, retail and dining options that include Target, Starbucks, CVS, WaBa Grill, and many more. 7516 Sepulveda Boulevard currently features a three-bed/two-bath house that is generating $2,061 per month in rental income. *This analysis assumes buyer is able to adjust existing zoning to remove in-place q-condition and build 18 units. As-is, there is potential to build 11 units. Buyer to verify.
Location
State CA
County Los Angeles
Area East Van Nuys
Zoning LAR3
Exterior
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Special Listing Condition Standard
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Bought with BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate