17709 Vanowen St
Reseda, CA 91335
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 1.36 Acre Covered Land Opportunity in Reseda with Significant Development Potential
- Below Market Rent - Tenants Currently 91.89% occupied with existing rents averaging $0.83/SF
- ED1 Eligible – The site is eligible for ED1 to build a total of approximately 240,000 square feet and +/- 350 affordable housing units
- Ability to develop 155 units “by-right” and a total of 210 units using the 35% California State Density Bonus Program
- Short Term Leases - 74.50% of the existing tenant base is on month-to-month leases
- Excellent Visibility and Frontage – Approximately 216’ of linear frontage along Vanowen Stand 243’ of linear frontage along White Oak Ave
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
24,322 SF
Building Class
C
Year Built
1955
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
1.37 AC
Zoning
C2-1VL - General Commercial - retail and service business in character with related hotel, office, cultural, institutional and public uses
Frontage
270’ on Vanowen Street
PROPERTY TAXES
| Parcel Number | 2122-002-001 | Improvements Assessment | $976,611 |
| Land Assessment | $1,085,897 | Total Assessment | $2,062,508 |
