6569-6581 Van Nuys Blvd
Van Nuys, CA 91401
Land For Sale
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0.14 AC
Property Facts
Description
Entitled mix use development in the heart of Van Nuys. JJJ EXEMPT and "Opportunity Zone" tax incentives makes this a terrific deal! Walk Score is 88 for this site. Walking distance from the Civic Center this 174 unit mix use building is full of amenities to satisfy the most demanding of tenants. Proposed pool and Jacuzzi, gymnasium, business center, washer and dryer hook ups in every unit and plenty of open space in its stepped up design. The retail space is a divisible 18,400 Sf served by an on grade parking. The residents parking is segregated to 2 levels of subterranean parking. There are over 130 additional parking spaces in the residential area. We believe this feature will attract many residents looking for ease of parking as well as improve lease renewals and the always important NOI. The new Buyer could have this project RTI by the end of 2018 and begin construction in January 2019. The City of Van Nuys is ripe for new development as demonstrated by the success of the IMT Sherman Circle project just about 1 mile north of this site. Buyer to verify all information
Property Taxes
| Parcel Number | 2236-011-041 | Improvements Assessment | $18,584,400 |
| Land Assessment | $13,196,760 | Total Assessment | $31,781,160 |
Property Taxes
