19651-19659 Sherman Way
Reseda, CA 91335
La Victoria Center - Value Add Retail Center · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well Located Value-Add Retail Center | Reseda (Los Angeles) | San Fernando Valley - Property Can be Bought Separately (Owner-User 2,890 SF Available)
- The Property Benefits from a Double Sided Commercial Grade Billboard at Bellow Market Rents
- Close Proximity to Pierce College (17,521 Students) | U.S. Route 101 Freeway (Over 270,000 VPD) and Van Nuys Airport
- True Value-Add Opportunity | MTM Tenancy | Projected 5.92% Pro Forma Cap Rate | Zoning and Parking Allows for all Medical Uses
- Signalized Hard Corner with Excellent Access and Visibility | Over 60,000 Vehicles Per Day
- Strong 5 Mile Demographics in Trade Area | Over 514,000 People in a 5-Mile Radius with the Average Household Income of $115,913
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
7,774 SF
Building Class
C
Year Built
1959
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.50 AC
Zoning
C2-1VL, R3P-1VL
Parking
40 Spaces (5.15 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $317,829 | |
| Land Assessment | $366,383 | Total Assessment | $684,212 |
