JJJ EXEMPT and "Opportunity Zone" tax incentives makes this a terrific deal! Entitled mix use development in the heart of Van Nuys. Walk Score is 88 for this site. Walking distance from the Civic Center this 174 unit mix use building is full of amenities to satisfy the most demanding of tenants. Proposed pool and Jacuzzi, gymnasium, business center, washer and dryer hook ups in every unit and plenty of open space in its stepped up design. The retail space is a divisible 18,400 Sf served by an on grade parking. The residents parking is segregated to 2 levels of subterranean parking. There are over 130 additional parking spaces in the residential area. We believe this feature will attract many residents looking for ease of parking as well as improve lease renewals and the always important NOI. The new Buyer could have this project RTI by the end of 2018 and begin construction in January 2019.
The City of Van Nuys is ripe for new development as demonstrated by the success of the IMT Sherman Circle project just about 1 mile north of this site.
Buyer to verify all information
|Lot Square Feet||≈ 56,248|
|Area||VN - Van Nuys|
|Listing Brokerage||Index Real Estate investments|
|Listing Agent||Pablo Kupersmid|
|Listing Agent BRE #||01896571|
Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 7, 2018.
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 usually deemed reliable but is NOT guaranteed accurate by the MLS.
Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
Information from sources other than the Listing Agent may have been included in the MLS data.
Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources.
The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.