13741 Van Nuys BlvdPacoima, CA 91331
- Auto shops
- 310 SF
Property Details for 13741 Van Nuys Blvd
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.16 AC
- Property size (Sq ft)
- 310 SF
- Zone code
- LAC2
- Property type
- Auto shops
- APN
- 2618-020-019
- APU
- 2618020019
Description
This 1,435 square foot industrial property located at 13741 Van Nuys Boulevard in Pacoima, California, presents a compelling investment opportunity. Situated on a 0.16-acre lot, the building is of block construction and currently houses an auto body repair business. The existing tenant utilizes two large bays, a small office, and a bathroom. The property's zoning, C2 Auto Repair, is ideal for continued use as an auto repair facility, or for a similar business. While a former doughnut shop is located at the front of the property and is currently unusable, this presents an opportunity to expand parking or create additional space by removing this structure. The property's location on a busy street ensures high visibility and accessibility, making it an attractive option for an owner-user seeking to establish or expand their auto repair business. The asking price for this well-positioned industrial property is $890,000. This represents a strong value proposition given the property's size, location, and existing improvements. The ample lot size offers potential for future expansion or additional parking. The existing building provides immediate functionality for an auto repair business, minimizing upfront investment costs. This is a rare opportunity to acquire a well-located, established industrial property in a thriving area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $131,915
- 6.5%
- $121,768
- 7%
- $113,070
-
Comparable approach
- Method
- Valuation
- Relative Method
- $148,553
- Geo Method
- $148,553
-
Alternative Use
- Use
- Valuation
- Residential
- $102,716
- Hospitality
- $94,087
- Educational
- $78,279
- Medical
- $80,971
- Retail
- $121,768
Location Insight
- City
- Pacoima
- County
- Los Angeles
- State
- California
- Latitude
- 34.2587
- Longitude
- -118.433
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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