4738-4742 Woodman Ave
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4738-4742 Woodman Ave
4,544 SF Retail Building Sherman Oaks, CA 91423 $3,699,000 ($814/SF)
Investment Highlights
- At Woodman Exit of 101 Freeway
- Owner Can Occupy 2,400 SF to 4,454 SF
- Excellent Signage & Visibility
- Adjacent to Westfield Fashion Square
- Finance Up To 90% With SBA
- 10 Parking Spaces, Secure Lot
Executive Summary
Fantastic Owner-User Opportunity
Major Retail Area of Sherman Oaks, CA
KEY FEATURES
¦ Busy Retail Location: Rare opportunity to locate adjacent to the vibrant Westfield Fashion Plaza! Major retailers within easy walking distance include Bank of America, Petsmart, Ross Dress for Less, Joann, Macy's, and Bloomingdale's.
¦ Visibility and Convenience: This prime retail property is situated on Woodman Avenue, just a half block away from the 101 Freeway entrance. Benefit from high traffic counts and unparalleled visibility to traffic and pedestrians.
¦ Flexible Occupancy: Fantastic owner-user building! Enjoy flexible occupancy ranging from 2,400 to 4,544 square feet, with two retail units comprising 3,394 square feet at ground level plus 1,150 square feet on the second level (use as your office or rent out as 3-bedroom apartment unit). Just occupy the space you need for your business and lease the rest to tenants. Property features a delivery truck accessible fenced lot in the rear with 10 on-site pa rking spaces.
¦ Affordable Financing: This property may be eligible for up to 90% SBA financing if you occupy 50% of more of the building. Where else in Sherman Oaks can you own a prime retail property like this with as little as $400K down? Now's the time to quit paying rent and own instead. Invest in yourself. (Note: This is not an offer of financing; please check with a SBA lender for more information.)PROPERTY DESCRIPTION
Located on Woodman Avenue in Sherman Oaks, just off the 101 Freeway, and adjacent to Westfield Fashion Square, this property is ideally situated for an owner-user seeking high visibility and traffic. Both ground level units come with excellent storefront signage. A fenced rear lot provides 10 on-site parking spaces, with additional street parking available in front.
The seller currently occupies one unit and leases the other two smaller units. The leased units are month-to-month rentals, so the buyer can elect to occupy the entire property immediately at the close of escrow. The unit mix is:
¦ 4742 Woodman. The largest unit at 2,400 square feet, it is makes up more than 50% of the building. By occupying this unit the buyer will be eligible for SBA financing without having to occupy the other units. It features double door entries in front and rear, ideal for deliveries and loading.
¦ 4738 Woodman. This 994 square foot unit can 4742 Woodman or rented to a tenant.
¦ 4742-½ Woodman. This 1,150 square foot second story unit is currently rented as an apartment (three bedrooms, one full bath, kitchen, and living room) but can also be utilized as office space.
Major Retail Area of Sherman Oaks, CA
KEY FEATURES
¦ Busy Retail Location: Rare opportunity to locate adjacent to the vibrant Westfield Fashion Plaza! Major retailers within easy walking distance include Bank of America, Petsmart, Ross Dress for Less, Joann, Macy's, and Bloomingdale's.
¦ Visibility and Convenience: This prime retail property is situated on Woodman Avenue, just a half block away from the 101 Freeway entrance. Benefit from high traffic counts and unparalleled visibility to traffic and pedestrians.
¦ Flexible Occupancy: Fantastic owner-user building! Enjoy flexible occupancy ranging from 2,400 to 4,544 square feet, with two retail units comprising 3,394 square feet at ground level plus 1,150 square feet on the second level (use as your office or rent out as 3-bedroom apartment unit). Just occupy the space you need for your business and lease the rest to tenants. Property features a delivery truck accessible fenced lot in the rear with 10 on-site pa rking spaces.
¦ Affordable Financing: This property may be eligible for up to 90% SBA financing if you occupy 50% of more of the building. Where else in Sherman Oaks can you own a prime retail property like this with as little as $400K down? Now's the time to quit paying rent and own instead. Invest in yourself. (Note: This is not an offer of financing; please check with a SBA lender for more information.)PROPERTY DESCRIPTION
Located on Woodman Avenue in Sherman Oaks, just off the 101 Freeway, and adjacent to Westfield Fashion Square, this property is ideally situated for an owner-user seeking high visibility and traffic. Both ground level units come with excellent storefront signage. A fenced rear lot provides 10 on-site parking spaces, with additional street parking available in front.
The seller currently occupies one unit and leases the other two smaller units. The leased units are month-to-month rentals, so the buyer can elect to occupy the entire property immediately at the close of escrow. The unit mix is:
¦ 4742 Woodman. The largest unit at 2,400 square feet, it is makes up more than 50% of the building. By occupying this unit the buyer will be eligible for SBA financing without having to occupy the other units. It features double door entries in front and rear, ideal for deliveries and loading.
¦ 4738 Woodman. This 994 square foot unit can 4742 Woodman or rented to a tenant.
¦ 4742-½ Woodman. This 1,150 square foot second story unit is currently rented as an apartment (three bedrooms, one full bath, kitchen, and living room) but can also be utilized as office space.
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,544 SF
Building Class
C
Year Built
1948
Price
$3,699,000
Price Per SF
$814
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.61
Lot Size
0.17 AC
Zoning
C2
Parking
10 Spaces (2.2 Spaces per 1,000 SF Leased)
Frontage
60 FT on Woodman Ave
Walk Score®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2359-020-005 | Improvements Assessment | $804,150 |
| Land Assessment | $1,501,081 | Total Assessment | $2,305,231 |
PROPERTY TAXES
Parcel Number
2359-020-005
Land Assessment
$1,501,081
Improvements Assessment
$804,150
Total Assessment
$2,305,231
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4738-4742 Woodman Ave
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