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    8741-8751 Tobias Los Angeles, CA 91402

    Sponsored
    For Sale
    $7,250,000

    Prime Los Angeles Retail Site, High Demand

    Property size:
    1 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 8741-8751 Tobias

    General Information

    Property type
    Retail properties
    Square Feet
    1 SF

    Building Details

    Units
    288

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market 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
    -118.450443
    Latitude
    34.228653

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    FAQs

    What type of property is this?
    Retail property - Prime Los Angeles Retail Site, High Demand
    Where is this retail property located?
    The property is located at 8741-8751 Tobias Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $7,250,000.
    What are key features of this property?
    This property features: 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.
    (310) 880-7900
    Request Owner's contact information
    8741-8751 Tobias Los Angeles, CA 91402
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    Los Angeles, CA 91402
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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
    8741-8751 Tobias Los Angeles, CA 91402
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