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.
7701 Sepulveda Boulevard
7701 Sepulveda Boulevard, Van Nuys
Property Details
Price $2,075,000
# of Units 1
Lot Size 14,544 SF
Zoning LAC2-1VL
7701 Sepulveda Boulevard
Van Nuys, CA 91405
Van Nuys, CA 91405