8741-8751 VAN NUYS Panorama City CA 91402-2401

8741-8747 Van Nuys offers an investor an existing 15,046 SF building which can be converted into medical office or developed into apartments. With the additional 9,155 SF Lot, the property has abundant parking and qualifies for medical uses. The location offers easy walking access to 2 supermarkets within 1 block as well as Walmart, malls and retailers within 3 blocks. Convenient transportation options with the new rail station being built 3 blocks away offering connections to the Orange & Red and Metro Link rail lines, numerous bus lines and easy access to 4 freeways (405, 5, 118 & 170). Additionally, with 7 schools in less than a mile and the Kaiser Permanente Medical Center just over a mile away, all resident needs are easily accessible. DEMOGRAPHICS: High housing demand with over 73k residents within 1 mile and 175k residents within 2 miles. Household income averages over $71k within 1 mile and $82k within 2 miles.

PRICE: $4,425,000 – 15,046 SF Building on 16,774 SF of Land (plus additional 9,155 SF Lot available)

• Potential Medical Office Conversion or Apartment Redevelopment
• Build up to 93 Market Rate Units or up to 240 Affordable Housing Units
• Lot Size and Layout allows for approx. 100 Parking Spaces on Grade
• 1 Block from Food4Less & El Super Supermarkets, 3 Blocks from Walmart
• 3 Blocks from new Rail Station with connections to Metrolink Station and the Orange & Red Rail Lines
• 7 Schools & Kaiser Permanente Hospital within approximately 1 Mile
• Excellent Walking Access to all Amenities – 87/100 Walk Score
• Located in Qualified Opportunity Zone – Capital Gains Tax Benefits