7041 Sepulveda Blvd - Motel and Apartment Building

For Sale

17,023 SF Hospitality Building Offered at $7,585,000 in Van Nuys, CA

$7,585,000

7041 Sepulveda Blvd, Van Nuys, CA 91405

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Property Description

The Motel is located at the northwest corner of Sepulveda Blvd. and Vose St. and has over 100 feet of frontage on Sepulveda Blvd. With 35 rooms at the Motel, 34 of the Motel Rooms are different variations of Studios and the remaining unit is a Manager’s home, which boasts 2 bedrooms.

The Apartment Building is located across the street from the Motel and one door down from Sepulveda Blvd. The Building consists of six 1 bed + 1 bath units.
The properties are diagonally across the street from a shopping center anchored by JONS Marketplace, with national tenants including CVS, Chase Bank, Bank of America and a new beautifully-designed Starbucks with a drive thru that should be open for business soon!

Average Daily Traffic reported at the Sepulveda Blvd & Vose St. intersection is 43,505. Take advantage of the available eyes driving by with a more modern and eye-catching sign.

The Motel and Apartment Building are currently vacant and being remodeled. Both properties are in the Qualified Opportunity Zone.
Transaction includes two APNs: 2222-032-003 and 2222-033-011.

Korah Opportunity Corp

Chris Ward

424-261-3208

Property Details

Property Type

Hospitality Hotel

No. of Stories

2

Parking Ratio

1.82/1,000 Sqft

Bedrooms

34

Year Built/Renovated

1961/2021

Corridor

Exterior

Bathrooms

6

Bldg Size Sqft

17,023

Price Per Room

$189,625

No. Rooms

40

Lot Size Sqft

0.68 AC

Sale Type

Investment

Opportunity Zone

Yes

Property Location

7041 Sepulveda Blvd, Van Nuys, CA 91405

Property Taxes

Parcel Number(s)

2222-032-003, 2222-033-011

Land Assessment

$1,202,982

Improvements Assessment

$2,006,341

Total Assessment

$803,359

Zoning

Zoning Code

R3-1