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6700 Van Nuys Blvd
Van Nuys, CA 91405
Retail Property For Sale
EXECUTIVE SUMMARY
Introducing a remarkable investment opportunity at 6700 Van Nuys Blvd. This freestanding retail building spans 1,900 sq. ft. and is situated on a substantial 10,000 sq. ft. lot. The building remains fully usable while obtaining necessary permits and plans from the city, providing immediate functionality. The property is ideally positioned for redevelopment, with city planning approval allowing for the construction of up to 24 apartment units. This presents a fantastic chance for developers to capitalize on the growing demand for housing in the area. Whether you’re looking to utilize the existing space or embark on a new residential project, this property offers flexibility and potential. Don’t miss this opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Storefront
Building Size
1,800 SF
Building Class
C
Year Built/Renovated
1932/2023
Price
$2,900,000
Price Per SF
$1,611.11
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.23 AC
Zoning
LAC2 - Commercial LAC2
Parking
5 Spaces (2.78 Spaces per 1,000 SF Leased)
Frontage
41’ on Van Nuys Blvd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 2237-001-009 | Improvements Assessment | $603,432 |
| Land Assessment | $1,123,632 | Total Assessment | $1,727,064 |
PROPERTY TAXES
Parcel Number
2237-001-009
Land Assessment
$1,123,632
Improvements Assessment
$603,432
Total Assessment
$1,727,064
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