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8720 Tobias Ave - ED-1 + Dev Bonuses 0.21 Acres of Commercial Land Offered at $1,565,000 in Panorama City, CA 91402
Investment Highlights
- ED-1 Site, Approx 9,155 SF Lot
- 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
- Excellent Walking Access to all Amenities – 87/100 Walk Score
- 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities
- 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile
- Located in Qualified Opportunity Zone – Capital Gains Tax Benefits
Executive Summary
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
OFFERING SUMMARY: 8720 Tobias offers an investor a 9,155 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and MetroLink rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible.
DEMOGRAPHICS: High housing demand with over 73k residents within 1 mile and 175k residents within 2 miles. Household income averages over $71k within 1 mile and $82k within 2 miles.
PRICE: $1,565,000 – $171/SF of Land
OFFERING SUMMARY: 8720 Tobias offers an investor a 9,155 SF site, ED-1 location with TOC Tier 3 bonuses in an amenity rich hub. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and MetroLink rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible.
DEMOGRAPHICS: High housing demand with over 73k residents within 1 mile and 175k residents within 2 miles. Household income averages over $71k within 1 mile and $82k within 2 miles.
PRICE: $1,565,000 – $171/SF of Land
Property Facts
| Price | $1,565,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.21 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | LAR3 | ||
| Price | $1,565,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
1 Lot Available
Lot
| Price | $1,565,000 | Lot Size | 0.21 AC |
| Price Per AC | $7,446,352.95 |
| Price | $1,565,000 |
| Price Per AC | $7,446,352.95 |
| Lot Size | 0.21 AC |
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 2653-002-020 | Improvements Assessment | $8,126 |
| Land Assessment | $102,594 | Total Assessment | $110,720 |
Property Taxes
Parcel Number
2653-002-020
Land Assessment
$102,594
Improvements Assessment
$8,126
Total Assessment
$110,720
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8720 Tobias Ave - ED-1 + Dev Bonuses
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