7516 Sepulveda Boulevard

    Van Nuys, CA 91405
    • $845,000
    • STATUS: Active
    • ON SITE: 130 days
    • ID#: PW19140111
    UPDATED: 50 min ago
    $845,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    7516 Sepulveda Boulevard is a 7,013-square foot lot in Van Nuys, California that presents an excellent development opportunity. The property is located within an Opportunity Zone, which could allow for tax incentives for a redevelopment project on the site. Zoned LAR3, the lot could potentially be developed into five units with an estimated 6,500 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 5.2 percent increase in effective rents in the 12 months trailing 1Q2019, with a vacancy rate of 2.7 percent.7516 Sepulveda Boulevard currently features a three-bed/two-bath house that is generating $2,061 per month in rental income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/95912109

    7516 Sepulveda Boulevard Van Nuys, CA 91405

    • Price: $845,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: PW19140111
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    VN - Van Nuys
    County:
    Los Angeles
    Area:
    VN - Van Nuys
    Property Description
    7516 Sepulveda Boulevard is a 7,013-square foot lot in Van Nuys, California that presents an excellent development opportunity. The property is located within an Opportunity Zone, which could allow for tax incentives for a redevelopment project on the site. Zoned LAR3, the lot could potentially be developed into five units with an estimated 6,500 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 5.2 percent increase in effective rents in the 12 months trailing 1Q2019, with a vacancy rate of 2.7 percent.7516 Sepulveda Boulevard currently features a three-bed/two-bath house that is generating $2,061 per month in rental income.
    Exterior Features

    Lot Features Yard Lot Size Dimensions 56' X 125.2' Lot Size Source Assessor Lot Size Units Square Feet View Neighborhood View YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features SidewalksSuburban Country Us Distance To Water Comments 0 Elevation Units Feet Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lar3

    Listing provided courtesy of Steven Bogoyevac of Steven M. Bogoyevac, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 deemed reliable but is not guaranteed accurate by the MLS or Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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