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8741-8747 Van Nuys Blvd - Medical Office Conversion or Apartment Dev 0.39 Acres of Commercial Land Offered at $4,425,000 in Panorama City, CA 91402
INVESTMENT HIGHLIGHTS
- 8741-8747 Van Nuys offers an investor an existing 15,046 SF building which can be converted into medical office or developed into apartments. With the
- Lot Size and Layout allows for approx. 100 Parking Spaces on Grade
- 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
- Build up to 93 Market Rate Units or up to 240 Affordable Housing Units
- 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart, Malls & Amenities
- 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile
EXECUTIVE SUMMARY
PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION:
OFFERING SUMMARY: 8741-8747 Van Nuys offers an investor an existing 15,046 SF building which can be
converted into medical office or developed into apartments. With the additional 9,155 SF Lot, the property
has abundant parking and qualifies for medical uses. 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: $4,425,000
OFFERING SUMMARY: 8741-8747 Van Nuys offers an investor an existing 15,046 SF building which can be
converted into medical office or developed into apartments. With the additional 9,155 SF Lot, the property
has abundant parking and qualifies for medical uses. 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: $4,425,000
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $4,425,000 | Lot Size | 0.39 AC |
| Price Per AC | $11,491,178.41 |
| Price | $4,425,000 |
| Price Per AC | $11,491,178.41 |
| Lot Size | 0.39 AC |
DESCRIPTION
This property has a total of 15,046 square feet of building on 16,774 square feet of land and currently hosts a retail property.
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $325,704 | |
| Land Assessment | $268,707 | Total Assessment | $594,411 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$268,707
Improvements Assessment
$325,704
Total Assessment
$594,411
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8741-8747 Van Nuys Blvd - Medical Office Conversion or Apartment Dev
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