8759 Sepulveda Blvd, Los Angeles, CA 91343

This 9,123 square foot freestanding retail building, situated on a 0.84-acre lot in Los Angeles County, presents a compelling investment opportunity. Built in 1966 and renovated in 2009, the property boasts 61 parking spaces (a 6.69/1,000 sq ft ratio), making it suitable for a variety of uses, including those requiring ample parking. The C2-1 zoning allows for flexibility, and the property's location on Sepulveda Boulevard, a high-traffic thoroughfare with over 33,000 vehicles per day, ensures excellent visibility. The 130-foot frontage and pylon signage further enhance its appeal. Currently vacant, the property offers immediate occupancy for an owner-user or tenant. The expansive lot presents significant development potential, with by-right development allowing for approximately 91 buildable units, and up to 157 units with Tier 3 TOC incentives. Additional development incentives may also apply. The property benefits from its proximity to new apartment developments and established businesses, including national chains like McDonald's, Walgreens, and Starbucks. A Phase I environmental report, conducted in July 2024, reported no further action needed. The surrounding area boasts a dense population with high average household incomes. Easy freeway access via the 405 and the 118/5 freeway junction adds to its strategic location.