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    7516 Sepulveda

    Van Nuys, CA 91405
    • $1,475,000
    • STATUS: Closed
    • ON SITE: 136 days
    • ID#: 20-583184
    Sold - 09/29/2020
    $1,475,000
    SOLD - 09/29/2020
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    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.

    Sold by Yevgineh Menas BRE#01921748 of Berkshire Hathaway Homeservices Crest Real Estate.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-19T19:43:12.67. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/106523414
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    7516 Sepulveda Van Nuys, CA 91405

    • Price: $1,685,000
    • Status: Closed
    • Updated: 44 min ago
    • ID#: 20-583184
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    East Van Nuys
    County:
    Los Angeles
    Area:
    East Van Nuys
    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.
    Exterior Features

    Lot Size Area 13774 View Description Other View YN Yes

    Property Features

    Cable YN No Hoa Fee1 0.00 Sale Type Standard Source Lot Size Area Appraiser Source Lot Size Dimensions Assessor Zoning Lar3

    Listing provided courtesy of Davis Saadian DRE#01921748 of Brc Advisors- Bh.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-10-19T19:43:12.67. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355