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    7041 Sepulveda Boulevard

    Van Nuys, CA 91405
    • $7,585,000
    • STATUS: Active
    • ON SITE: 53 days
    • ID#: 21706704
    UPDATED: 76 min ago
    $7,585,000
    • 0
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,023
      SQFT
    • $446
      $/SQFT
    Type:
    Multi-Family
    Built:
    1961
    County:

    School Ratings & Info

    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T20:35:44.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
    www.necolrealty.com/homes/115197835
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    7041 Sepulveda Boulevard Van Nuys, CA 91405

    • Price: $7,585,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 21706704
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    17,023
    SQFT
    $446
    $/SQFT
    1961
    Built
    County:
    Los Angeles
    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
    Property Features

    Additional Parcels YN Yes Disclosures Rent Control Gross Income 0 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 0 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning R3-1

    Listing provided courtesy of Dario Svidler of Compass and Almog Strikowski of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-10T20:35:44.45. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Southwest. Licensed in the State of California, USA.
     
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