8741-8751 Van Nuys Panorama City, CA 91402
15,046 SF building suitable for medical or apartment conversion.
Type:Multifamily, Office, Land
Property size:
15,046 SFLot size:
0.59 Acres- Added:
- Sep 12, 2024
- Days on Market:
- 585
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 8741-8751 Van Nuys
General Information
- Standard status
- Active
- Size
- 15,046 SF
- Lot size
- 0.59 Acres
- Property subtype
- Multifamily, Office, Land
Listing agent Karl Niehaus License #CA 01450751
Listing office Commercial Real Estate Investments
Listing date Sep 12, 2024
Source Crexi
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Overview
Mixed-Use Building in Panorama City
The property at 8741-8747 Van Nuys presents an opportunity to acquire an existing 15,046 square foot building that can be converted into a medical office or developed into apartments. An additional 9,155 square foot lot provides abundant parking and supports medical uses. The location offers convenient access to amenities, including two supermarkets within one block, as well as a Walmart, malls, and retailers within three blocks. Transportation options are readily available, with a new rail station under construction three blocks away, providing connections to the Orange, Red, and Metro Link rail lines. Numerous bus lines and easy access to the 405, 5, 118, and 170 freeways further enhance accessibility. The property is situated within a mile of seven schools and just over a mile from the Kaiser Permanente Medical Center. The surrounding area has a high housing demand, with over 73,000 residents within one mile and 175,000 residents within two miles. The average household income is over $71,000 within one mile and $82,000 within two miles. The property is located on a 16,774 square foot land, with an additional 9,155 square foot lot available.
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Panorama City
- County
- Los Angeles
- State
- California
- Longitude
- -118.445
- Latitude
- 34.2243
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 15,046 SF building suitable for medical or apartment conversion.
Where is this mixed-use property located?
The property is located at 8741-8751 Van Nuys Panorama City, CA.
What is the asking price?
The asking price for this property is $4,425,000.
What are key features of this property?
This property features: Potential for medical office conversion or apartment development of an existing 15,046 SF building.; Additional 9,155 SF lot provides **abundant parking** and qualifies the property for medical uses.; **Excellent location** with walking access to supermarkets, Walmart, malls, and retailers.
