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8615 Sepulveda Blvd - 245 Units and 140 Parking Spaces 0.84 Acres of Commercial Land Offered at $8,996,650 CAD 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
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 to start construction. A buyer will not have to demolish any structures on the site or relocate any tenants.
Property Facts
| Price | $8,996,650 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.84 AC |
| No. Lots | 1 | ||
| Zoning | LAC2 - Commercial | ||
| Price | $8,996,650 CAD |
| 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
| Price | $8,996,650 CAD | Lot Size | 0.84 AC |
| Price Per AC | $10,753,027.80 CAD |
| Price | $8,996,650 CAD |
| Price Per AC | $10,753,027.80 CAD |
| Lot Size | 0.84 AC |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2654-020-046 | Improvements Assessment | $141,000 CAD |
| Land Assessment | $5,498,988 CAD | Total Assessment | $5,639,988 CAD |
Property Taxes
Parcel Number
2654-020-046
Land Assessment
$5,498,988 CAD
Improvements Assessment
$141,000 CAD
Total Assessment
$5,639,988 CAD
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8615 Sepulveda Blvd - 245 Units and 140 Parking Spaces
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