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8615 Sepulveda Blvd - 245 Units and 140 Parking Spaces 0.84 Acres of Commercial Land in North Hills, CA 91343
INVESTMENT HIGHLIGHTS
- On Grade Construction
- 100% Affordable Project
- No Structure Demolition Needed
- Project is fully Entitled
- Has 140 Parking Spaces
- No Tenant Relocation Required
EXECUTIVE SUMMARY
Marcus and Millichap is pleased to present a 245-unit project located in North Hills, in the San Fernando Valley. The project includes a unit mix of 185: 1 Beds, 30: 2 Beds and 30 studios. The 100% affordable project is a rare one since it was designed with 140 parking spots, unlike other affordable projects. The 54,667 sq. ft., 7-story structure will be built on grade with no need to excavate for underground parking. The property is fully entitled and needs to be taken to RTI status in order to start construction. A buyer will not have to demolish any structures on the site or relocate any tenants.
PROPERTY FACTS
| Sale Type | Investment | Property Type | Land |
| Sale Condition | Redevelopment Project | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.84 AC |
| Zoning | LAC2 - Commercial | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.84 AC |
| Zoning | LAC2 - Commercial |
1 LOT AVAILABLE
Lot
| Lot Size | 0.84 AC |
| Lot Size | 0.84 AC |
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 2654-020-046 | Improvements Assessment | $102,000 |
| Land Assessment | $3,978,000 | Total Assessment | $4,080,000 |
PROPERTY TAXES
Parcel Number
2654-020-046
Land Assessment
$3,978,000
Improvements Assessment
$102,000
Total Assessment
$4,080,000
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8615 Sepulveda Blvd - 245 Units and 140 Parking Spaces
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