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    7041 Sepulveda Blvd

    Van Nuys, CA 91405
    • $7,585,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 21-706704
    UPDATED: 71 min ago
    $7,585,000
    • 42
      BEDS
    • 0.56
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 17,023
      SQFT
    • $446
      $/SQFT
    Neighborhood:
    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 the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.desertarealuxuryhomes.com/homes/115199020
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    7041 Sepulveda Blvd Van Nuys, CA 91405

    • Price: $7,585,000
    • Status: Active
    • Updated: 71 min ago
    • MLS #: 21-706704
    42
    Beds
    0
    Baths
    0
    ½ Baths
    0.56
    Acres
    17,023
    SQFT
    $446
    $/SQFT
    1961
    Built
    Neighborhood:
    East Van Nuys
    County:
    Los Angeles
    Area:
    East Van Nuys
    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
    Exterior Features

    Lot Description 2-4 Lots Lot Location City Lot Size Area 29462 Other Structures Other Parking Garage Other Total Parking 31

    Interior Features

    Baths Total 41.00 Cooling Other Equipment Other Heating Other

    Property Features

    Assessed Total Value 1673729 Gross Income 0 Gross Operating Income 0 Like Units1 34 Like Units2 1 Like Units3 6 Net Operating Income 0.00 Number Of Buildings 2 Number Of Units 41 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 0 Type Of Units Motel & Apts Year Built Source Vendor Enhanced Zoning R3-1

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-11T23:42:28.607. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260