3-Unit Commercial Property: | 19738-19742 Sherman Way
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3-Unit Commercial Property: 19738-19742 Sherman Way
4,005 SF 100% Leased Retail Building Winnetka, CA 91306 $1,995,000 ($498/SF) 4.30% Cap Rate
Investment Highlights
- GREAT INVESTMENT PROPERTY IDEAL FOR 1031 EXCHANGE
- ( Vacant Parcel behind property ) Also available for sale
- Separately metered for gas/electricity
- Front Lot APN # 2135-016-008, ( 8,104 Sq Ft ) Zoned LAC4 ,
- 6 Parking Spaces
- Cell Tower
Executive Summary
3 Unit Commercial Property with Cell tower in Winnetka.
Data Room Click Here to Access
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$114,168
|
$28.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,168
|
$28.51
|
| Taxes |
$24,937
|
$6.23
|
| Operating Expenses |
$3,500
|
$0.87
|
| Total Expenses |
$28,437
|
$7.10
|
| Net Operating Income |
$85,731
|
$21.41
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $114,168 |
| Annual Per SF | $28.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,168 |
| Annual Per SF | $28.51 |
| Taxes | |
|---|---|
| Annual | $24,937 |
| Annual Per SF | $6.23 |
| Operating Expenses | |
|---|---|
| Annual | $3,500 |
| Annual Per SF | $0.87 |
| Total Expenses | |
|---|---|
| Annual | $28,437 |
| Annual Per SF | $7.10 |
| Net Operating Income | |
|---|---|
| Annual | $85,731 |
| Annual Per SF | $21.41 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,005 SF
Building Class
C
Year Built
1956
Price
$1,995,000
Price Per SF
$498
Cap Rate
4.30%
NOI
$85,785
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.19 AC
Zoning
LAC4 - APN # 2135-016-008 zoned C4-1VL-RIO
Parking
6 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
60 FT on Sherman Way
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Cell Tower Co
- Utilities
- 900 SF
- $3.50
- Modified Gross
- Jun 2043
- Queen's Beauty Salon
- Retailer
- 1,100 SF
- $2.12
- Modified Gross
- Oct 2026
- Yolandas Bakery
- Retailer
- 2,000 SF
- $1.91
- Modified Gross
- Oct 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Cell Tower Co | Utilities | 900 SF | $3.50 | Modified Gross | Jun 2043 | |
| Queen's Beauty Salon | Retailer | 1,100 SF | $2.12 | Modified Gross | Oct 2026 | |
| Yolandas Bakery | Retailer | 2,000 SF | $1.91 | Modified Gross | Oct 2025 |
Walk Score ®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $898,600 (2024) | |
| Land Assessment | $501,943 (2024) | Annual Taxes | $24,937 ($6.23/SF) |
| Improvements Assessment | $396,657 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$501,943 (2024)
Improvements Assessment
$396,657 (2024)
Total Assessment
$898,600 (2024)
Annual Taxes
$24,937 ($6.23/SF)
Tax Year
2023
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3-Unit Commercial Property: | 19738-19742 Sherman Way
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