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    6801 Sepulveda Boulevard

    Van Nuys, CA 91405
    • $3,550,000
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: SR20210550
    Price Reduced
    UPDATED: 46 min ago
    $3,550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,140
      SQFT
    • $350
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1986
    County:

    School Ratings & Info

    Description

    SUBMIT OFFERS --- PRICE REDUCED --- SELLER MOTIVATED --- This rare mixed-use commercial offering is located in an "Opportunity Zone, where private investments, under certain conditions, may be eligible for capital gain tax incentives. The property is located at a major signalized intersection in the City of Van Nuys and enjoys 135 Ft frontage on busy Sepulveda Boulevard and 100 Ft frontage Vanowen Street. The center is anchored by a Dominos Pizza, who is also in negotiation to lease the vacant contiguous space for restaurant dining. This unique property offers a savvy investor the ability to renegotiate long term month-month leases. The property is also located in a HUBZone, which is an SBA program fueling small business growth with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year. With tremendous upside potential, the new Buyer stands to benefit from greater returns both in the immediate term through increased cashflow and in the long-run through capital gain tax incentives. Seller will guaranty rental income from vacancies up to six months after close of escrow.

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    Based on information from CRISNet MLS as of 2021-03-04T13:56:22.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-04T13:56:22.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/110756557
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    6801 Sepulveda Boulevard Van Nuys, CA 91405

    • Price: $3,550,000
    • Status: Active
    • Updated: 46 min ago
    • ID#: SR20210550
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    10,140
    SQFT
    $350
    $/SQFT
    1986
    Built
    Neighborhood:
    Vn - Van Nuys
    County:
    Los Angeles
    Area:
    Vn - Van Nuys
    Property Description
    SUBMIT OFFERS --- PRICE REDUCED --- SELLER MOTIVATED --- This rare mixed-use commercial offering is located in an "Opportunity Zone, where private investments, under certain conditions, may be eligible for capital gain tax incentives. The property is located at a major signalized intersection in the City of Van Nuys and enjoys 135 Ft frontage on busy Sepulveda Boulevard and 100 Ft frontage Vanowen Street. The center is anchored by a Dominos Pizza, who is also in negotiation to lease the vacant contiguous space for restaurant dining. This unique property offers a savvy investor the ability to renegotiate long term month-month leases. The property is also located in a HUBZone, which is an SBA program fueling small business growth with a goal of awarding at least three percent of federal contract dollars to HUBZone-certified companies each year. With tremendous upside potential, the new Buyer stands to benefit from greater returns both in the immediate term through increased cashflow and in the long-run through capital gain tax incentives. Seller will guaranty rental income from vacancies up to six months after close of escrow.
    Exterior Features

    Construction Materials Unknown Fence YN Yes Fencing Block Parking Total 18.00 Roof Flat Topography Level Uncovered Spaces 18.00

    Interior Features

    Heating See Remarks Heating YN Yes

    Property Features

    Additional Parcels YN No Building Features Elevators Building Status Existing Current Financing None Electric Electricity - On Property Gross Scheduled Income 251976.00 Insurance Expense 4897.00 Investment Property YN Yes Land Use OfficeRetail Laundry Features None Net Operating Income 165896.00 Number Of Units Total 9 Operating Expense 86080.00 Other Expense 7600.00 Property Sub Type Retail Real Estate Tax Expense 43805.00 Retail Center Type Mixed Use Special Listing Conditions Standard Tax Rate 1.21 Tax Year 2020 Total Expenses 86080.00 Trash Expense 10880.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone AvailableSee RemarksSewer ConnectedWater Connected Water Sewer Expense 10550.00 Water Source Public Zoning C2-1Vl

    Listing provided courtesy of Ashwin Joshi, CA DRE# , of Capital Realty Solutions Inc..


    Based on information from CRISNet MLS as of 2021-03-04T13:56:22.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-03-04T13:56:22.927. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377