Current Use by Public Records
- Lifestyle centers
Property Details for 6755 Van Nuys Blvd
- Year built
- 1950
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.45
- Latitude
- 34.1939
