8741-8751 TobiasLos Angeles, CA 91402

Property Details for 8741-8751 Tobias

Property size (Sq ft)

1 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.2287

Longitude

-118.45

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