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For Sale

$7,585,000

7041 Sepulveda Blvd
van Nuys, CA 91405

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 Read More

Market Status
Available
Last Updated
May 9, 2021

Property Type
Multi Family
Year Built
1961
Stories
2
Heating System
Other
Stories
2.0
Parking
31 spaces
Property Type
MultiFamily;

Local Market Conditions

There are currently 35 properties for sale in the van Nuys, CA area with the average listing price of $837,986. This represents an increase of +2.7% over the previous week. The 4 bedroom homes saw the largest increase in the average listing price over the previous week with a +2.6% increase. To learn more about the van Nuys, CA area, contact a local expert!

Market Snapshot for van Nuys, CA

Avg. Listing Price

$837,986

Wk ending May 8

$+22,160

+2.7%

w-o-w

35

41

30

14

13

12

Average Listing Price for van Nuys, CA
No. BedroomsNo. Beds Week Ending
(May 8)
w-o-w Week Ending
(May 1)
Week Ending
(Apr 24)
Week Ending
(Apr 17)
All PropertiesAll $837,986 +2.7% $815,826 $775,441 $769,442
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $461,300 -17.7% $560,650 $560,650 $578,986
3 bedrooms3 BR $784,988 -3.8% $816,275 $802,180 $789,572
4 bedrooms4 BR $841,500 +2.6% $820,429 $814,167 $824,250

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This $7,585,000 Multi Family at 7041 Sepulveda Blvd in van Nuys, CA is offered by Dario Svidler and has been on the market for 57 days. This $7,585,000 Multi Family, located in the 91405 zip code, has the following property features: Parking, Heating System, Stories, Property Type. This 7041 Sepulveda Blvd Multi Family, located in Los Angeles County , is listed under MLS listing number 21-706704 and has a listing price of $7,585,000. You can find more van Nuys homes for sale here.

Data Provided by Combined LA Westside Multiple Listing Service, Inc

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