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    6755 Van Nuys Blvd Los Angeles, CA 91405

    Sponsored
    For Sale
    $6,990,000

    High-traffic, redevelopment opportunity.

    Property size:
    13,755 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This 13,755 square foot, two-story shopping center in Los Angeles, CA, presents a compelling redevelopment opportunity. Located at the prominent corner of Van Nuys Boulevard and Vanowen Street, this Class B property offers significant visibility and accessibility. Currently vacant, the building, constructed in 1950 and renovated in 1985, sits on a lot with a land value of $303 per square foot. The property features ample parking and benefits from a daily traffic count exceeding 66,000 vehicles. Its location is further enhanced by the soon-to-open Metro Light Rail stop at this intersection. Zoned for commercial use, this single-unit building offers investors and retailers a high-image location with excellent access and parking. The asking price is $6,990,000, making it an attractive investment for those seeking a prime redevelopment project in a high-traffic area of Los Angeles. The property's former use was a 99c Only store. The permitted zoning is commercial.

    Property Features for 6755 Van Nuys Blvd

    General Information

    Property type
    Lifestyle centers
    Square Feet
    13,755 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1950/1985
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • 13,755 SF two‑story shopping center in Los Angeles, CA, offering redevelopment potential.
    • Prominent corner location at Van Nuys Blvd & Vanowen St with high visibility and accessibility.
    • Vacant, Class B building (1950 construction, 1985 renovation) on a lot with $303/SF land value.
    • Ample parking and daily traffic count exceeding 66,000 vehicles.
    • Adjacent to a soon‑to‑open Metro Light Rail stop.
    • Commercially zoned single‑unit building with excellent access and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.44958960147
    Latitude
    34.193876908789

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic, redevelopment opportunity.
    Where is this lifestyle center located?
    The property is located at 6755 Van Nuys Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,990,000.
    What are key features of this property?
    This property features: 13,755 SF two-story shopping center in Los Angeles, CA, offering redevelopment potential.; Prominent corner location at Van Nuys Blvd & Vanowen St with high visibility and accessibility.; Vacant, Class B building (1950 construction, 1985 renovation) on a lot with $303/SF land value.
    Request Owner's contact information
    6755 Van Nuys Blvd Los Angeles, CA 91405
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    Los Angeles, CA 91405
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6755 Van Nuys Blvd Los Angeles, CA 91405
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