For Sale
$7,250,000

8741-8751 TobiasLos Angeles, CA 91402

Prime Los Angeles Retail Site, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional Los Angeles retail property, located at 8741-8751 Van Nuys & 8720 Tobias, presents a compelling investment opportunity. The 42,216 square foot lot boasts an ED-1 location with Tier 3 Transit Oriented Community (TOC) bonuses, situated in an amenity-rich area. The site's zoning allows for the development of up to 146 market-rate units or up to 430 affordable housing units. The property includes approximately 127 on-grade parking spaces. Its strategic location offers unparalleled convenience, with two supermarkets within one block, Walmart, malls, and other retailers within three blocks. Transportation is readily accessible, with a new rail station (connecting to Orange, Red, and Metro Link lines) just three blocks away, along with numerous bus lines and easy freeway access (405, 5, 118, & 170). Seven schools and the Kaiser Permanente Medical Center are within a mile radius. The property benefits from strong demographics, with over 73,000 residents within one mile and 175,000 within two miles, boasting average household incomes exceeding $71,000 and $82,000 respectively. The property is located in a Qualified Opportunity Zone, offering potential capital gains tax benefits. The asking price is $7,250,000, with a land value of $171 per square foot. This property offers a rare combination of location, zoning potential, and strong demographics, making it an ideal investment for discerning buyers. The property consists of 288 units.

Highlights

  • 42,216 SF lot, street-to-street frontage.
  • Potential for 146 market-rate or 430 affordable housing units.
  • On-site parking for approximately 127 vehicles.
  • One block from grocery stores; three blocks from Walmart and shopping.
  • Three blocks from a new rail station with Metrolink, Orange, and Red Line access.
  • Near seven schools and Kaiser Permanente Hospital.

Property Details for 8741-8751 Tobias

Property type
Retail properties
Square Feet
1 SF
Units
288

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.228653
Longitude
-118.450443
8741-8751 Tobias, Los Angeles, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
8741-8751 Tobias
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message