9433 Sepulveda Boulevard

9433 Sepulveda Boulevard

North Hills, CA 91343

$7,235,000
Last Sold Price
98,755 / 2.27
Lot Size / Acres

Closed 6/6/22

Closed 6/6/22

a view of a city with tall buildings
an aerial view of multiple house

Description

Situated within a residentially dominated segment of North Sepulveda Blvd., the Valley Villas development opportunity will offer an extremely rare opportunity to acquire a site entitled for 100% market rate townhome condominiums in the North Hills neighborhood of the City of Los Angeles just a few blocks south of Mission Hills. The site has undergone a rigorous entitlement process extending nearly six years to reach a final state of entitlement which includes an approved general plan amendment, zone...Situated within a residentially dominated segment of North Sepulveda Blvd., the Valley Villas development opportunity will offer an extremely rare opportunity to acquire a site entitled for 100% market rate townhome condominiums in the North Hills neighborhood of the City of Los Angeles just a few blocks south of Mission Hills. The site has undergone a rigorous entitlement process extending nearly six years to reach a final state of entitlement which includes an approved general plan amendment, zone change, vesting tentative tract map, building line removal, and site plan review. Most recently, a modification to VTT and CPC cases was processed and approved to allow for project phasing (unit map) of what was initially a 75-unit entitled project into a 58-unit entitled project (phase) and a 17-unit entitled project (phase). Only the 58 unit phase is being offered for sale at this time. The recent modification to the entitlements was exacted to allow for the phased recordation of the tentative map and effectuation of zone change conditions to enable the project to be built/sold/etc. in two separate phases as separate projects. Each phase is owned by a separate landowner. The modification required technical changes to the site plan, tentative map, conditions, etc. such that each phase meets guest parking, open space, and other technical requirements. The entitled land affords the perfect opportunity to deliver attainable housing at a location that will see little to zero new housing stock due to legislative changes which have eliminated the economic viability of zone changes previously required to entitle the swaths of agriculturally zoned real estate dominating the northerly San Fernando Valley submarkets. The Valley Villas represents perhaps the last vestige of the North San Fernando Valley’s pre JJJ/Pre-Linkage Fee entitlement environment. Both build-and-sell, and build-to-rent strategies are worthy of consideration for this project. Please contact Frank Evanisko for additional information regarding your interest in acquiring this development opportunity.
  1. Listed by Francis Evanisko • DRE #01790747 • Brokerage DRE #01383591 • Evanisko Realty & Investment

Property Details for 9433 Sepulveda Boulevard

View
City Lights, Hills, Neighborhood, Valley
Lot Size Source
Assessor
Assessor Parcel Number
2656-016-005
New Construction
No
Pool
No
View
Yes
Association
Yes
Zoning
(T)(Q)RD1.5-1

Location

Listing Courtesy of Evanisko Realty & Investment, Francis Evanisko, DRE #01790747

Sold By Evanisko Realty & Investment, Francis Evanisko, DRE #01790747

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LISTING UPDATED: 06/07/2022 02:00 AM

Property Details for 9433 Sepulveda Boulevard

StatusClosed
MLS #SR21183534
Days on Market137
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size2.27 AC
CountyLos Angeles County

Location

Listing Courtesy of Evanisko Realty & Investment, Francis Evanisko, DRE #01790747

Sold By Evanisko Realty & Investment, Francis Evanisko, DRE #01790747

Add your commute

Building Information for 9433 Sepulveda Boulevard

Lot Size2.27 AC

Payment Calculator

$47,130 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,484

Property Taxes

$7,646

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 9433 Sepulveda Boulevard

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Tract Number: 20103
  • Tax Census Tract: 1172.01
  • Tax Lot: 1
Community / Development
Community / Development
  • Community Features: Street Lights, Urban, Valley
Property / Structure Info
Exterior Features
  • View Description: City Lights, Hills, Valley
Distance To
  • Distance To Water: DWP
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre, 2-5 Units/Acre, 6-10 Units/Acre, 11-15 Units/Acre, 16-20 Units/Acre, 21-25 Units/Acre, 26-30 Units/Acre, 31-35 Units/Acre, 36-40 Units/Acre, Lot Over 40000 Sqft, Rectangular Lot, Level, Tear Down
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 9433 Sepulveda Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 9433 Sepulveda Boulevard

Taxable ValueLand$7,395,000Additions-Total$7,395,000
Tax Record2023$91,757 ($7,646 / month)
Home Facts
Total Finished SqFt11,047 SqFtAbove Grade Finished SqFt11,047 SqFtStories1Lot Size98,739 SqFtStyleSchoolYear Built1920ZoningLARACountyLOS ANGELESAPN2656-016-005

Schools near 9433 Sepulveda Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Carlos Santana Arts Academy
Public - K to 5
Valor Academy Middle School
Charter - 5 to 8
James Monroe High School
Public - 9 to 12
Valley Academy Of Arts And Sciences
Public - 9 to 12
Rating
School
Distance
Carlos Santana Arts Academy
PublicK to 5

Valor Academy Middle School
Charter5 to 8

James Monroe High School
Public9 to 12

Valley Academy Of Arts And Sciences
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Evanisko Realty & Investment, Francis Evanisko, DRE #01790747

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.