8036-8038 Van Nuys BlvdLos Angeles, CA 91402

This exceptional 3,405 square foot property, located at 8036-8038 Van Nuys Boulevard in Los Angeles, California, presents a unique investment opportunity. Currently configured as retail space suitable for restaurant or medical office use, the property boasts 23 parking spaces and convenient alley access. The existing building sits on an 11,495 square foot lot and includes 72 units. The high-traffic location on Van Nuys Boulevard sees over 44,000 cars daily, ensuring excellent visibility and exposure. Its proximity to the Van Nuys Metrolink station (less than half a mile) and the future light rail station (three blocks away) guarantees consistent foot traffic and accessibility. Furthermore, the property benefits from Transit Oriented Communities (TOC) Tier 4 development bonuses, allowing for the construction of approximately 72 units with an estimated 39 parking spaces, offering significant potential for increased value. The area is rich with amenities, including nine schools and Kaiser Permanente Hospital within a mile, and is just two blocks from "The Plant," a large regional center featuring numerous national retailers. Walmart is also located three blocks away. The property enjoys an 84/100 Walk Score and convenient access to four major freeways (405, 5, 118, and 170), making it an ideal location for a variety of uses. The asking price is $1,895,000.