8741-8751 Tobias Los Angeles, CA 91402
- Retail properties
- 1 SF
Current Use by Public Records
- Retail properties
Property Details for 8741-8751 Tobias
- Property size
- 1 SF
- Property type
- Retail properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.45
- Latitude
- 34.2287
