Property Details

Price $2,075,000

# of Units 1

Lot Size 14,544 SF

Zoning LAC2-1VL

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7701 Sepulveda Boulevard
Van Nuys, CA 91405

About the Property

The 14,544 SF lot is zoned LAC2-1VL (R4 equivalent). The zoning affords an investor to build 45 units by right and a maximum build of 50 units. Existing improvements include a street-front retail store, office and a large parking lot. The current owner has preliminary plans for the development of a 14,542 SF apartment complex comprised of 42 units (8 studios, 24 1-bedrooms and 10 2-bedrooms). The offering is conveniently located near a wide selection of shopping malls and community centers throughout North Hills and Panorama City.

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