New Construction
Address
7041 Sepulveda Boulevard Van Nuys, CA
Price
$ 7,585,000
Property Attributes
  • MLS#21706704
  • TypeIncome
  • CountyLOS ANGELES
  • CityVan Nuys
  • Zip91405
  • Style
  • Price$ 7,585,000
  • Bedrooms41
  • Full Bathrooms41
  • Half Bathrooms0
  • Lot Size0.68 Acres
Listing Provided Courtesy Of:
Dario Svidler with Compass.
Data Source:
CRMLS
Property Description

Presented for sale is a Motel and Apartment Building Portfolio in the center of the San Fernando Valley, just off the 405. The Motel is at the NW corner of Sepulveda Bl & Vose St with over 100 feet of frontage on Sepulveda. 35 rooms at the Motel, inc. a Managers home, w/2 beds. The Apartment Bldg, across from the Motel & one door down from Sepulveda, consists of six 1 bed + 1 bath units. The properties are diagonally across the street from a shopping center anchored by JONS Marketplace, with CVS, Chase Bank, Bank of America and an under-construction Starbucks with a drive thru. Average Daily Traffic at the Sepulveda & Vose intersection is 43,505. Take advantage of the available eyes driving by with a more modern and eye-catching sign. And consider the future! The LA County Metro Transp. Authority is considering a Metro Station at Sepulveda & Sherman Way or the 405 - no decisions have been made, but Light Rail is likely coming to within blocks of this property! And the Sepulveda Pass Transit Corridor should connect the City of Santa Monica with the Van Nuys Metrolink Station, which will likely also have a stop for the East San Fernando Light Rail Transit Project. The Motel and Apartment Building are currently vacant and being remodeled. Both properties are in the Qualified Opportunity Zone. Transaction includes 2 APNs: 2222-032-003 & 2222-033-011

Price History
3/17/2021 Listed $7,585,000

General Features

Additional Parcels Y/N Yes
Property Type Residential Income
Total Units 41
Zoning R3-1

Exterior Features

Lot Dimensions 100x245
Lot Size Acres 0.56
Lot Size Area 29462
Lot Size Source Assessor
Lot Size Square Feet 29462
Lot Size Units Square Feet
Number of Buildings 2

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 91405

Price
AVG $4.09M
$7.59M
Visits
AVG 32
63
Year Built
AVG 1974
1961
Walkscore
AVG 67
80
Data Provided by Walkscore ® not using MLS data

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