7510 Sepulveda

    Van Nuys, CA 91405
    • $1,895,000
    • STATUS: ACTIVE
    • ON SITE: 48 days
    • ID#: 302348812
    UPDATED: 52 min ago
    $1,895,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Development opportunity located at 7510-7516 Sepulveda Boulevard consists 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 intersection of Sepulveda Boulevard and Saticoy Street, providing convenient access to the Development opportunity located at 7510-7516 Sepulveda Boulevard consists 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 intersection 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 more. This area is a strong majority renter market where over 75 percent of housing units within one mile are renter-occupied. Additionally, the Van Nuys-Northeast San Fernando Valley submarket recorded a 3.7 percent increase in effective rents in the 12 months trailing 3Q2019, with a vacancy rate of 2.9 percent. 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 10 units. Buyer to verify.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/102142375

    7510 Sepulveda Van Nuys, CA 91405

    • Price: $1,895,000
    • Status: ACTIVE
    • Updated: 52 min ago
    • ID#: 302348812
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    Neighborhood:
    Van Nuys (91405)
    County:
    Los Angeles
    Area:
    Van Nuys (91405)
    Property Description
    Development opportunity located at 7510-7516 Sepulveda Boulevard consists 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 intersection of Sepulveda Boulevard and Saticoy Street, providing convenient access to the Development opportunity located at 7510-7516 Sepulveda Boulevard consists 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 intersection 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 more. This area is a strong majority renter market where over 75 percent of housing units within one mile are renter-occupied. Additionally, the Van Nuys-Northeast San Fernando Valley submarket recorded a 3.7 percent increase in effective rents in the 12 months trailing 3Q2019, with a vacancy rate of 2.9 percent. 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 10 units. Buyer to verify.
    Exterior Features

    Lot Dimensions Approx 110Ãâ¢Ã¢Â€Šâ¬Ã¢Â€Žâ¢ X 125.2Ã⢠View N/K

    Property Features

    Home Owners Fees 0 Terms Cash Water Meter On Property Zoning Lar3

    Listing provided courtesy of Steven M. Bogoyevac, Broker. Listing information © 2020 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130