15235 Burbank Blvd - Medical FOR SALE


Sherman Oaks, CA 91411
$3,200,000 USD
310-880-7900
15235 Burbank Blvd, Sherman Oaks, CA for Sale
$3,200,000 USD
Medical - FOR SALE
1/9
null | Request Cap Rate

15235 Burbank Blvd
Sherman Oaks, CA 91411


HIGHLIGHTS

  • Potential to convert Office back into Medical – Formerly Dental Office
  • 28 Gated Parking Spaces
  • 13,443 SF Lot, Ideal for Development: Zoned C2-1VL with Highest Resource and DDA Designation and ED-1 Eligible
  • Affluent Neighborhood - $101k Avg income within 2 Miles
  • Amenity Rich Location - right by Target and with easy access to the Sherman Oaks Galleria, Costco, Starbucks, LA Fitness and all other amenities
  • Across from the largest Park in the Valley – Lake Balboa Park & Recreation Area, with 2 Golf Courses

OVERVIEW

PLEASE SEE ATTACHED MARKETING PACKAGE FOR FULL INFORMATION: OFFERING SUMMARY: 15235 Burbank Blvd offers the possibility of converting the property back into medical office, as the property was formerly a dental office with ample parking. The property is also ideal for development with bonuses including highest resource & DDA designation and ED-1 eligibility. Sherman Oaks is one of the most affluent areas in the San Fernando Valley. The property is close to high end shopping and amenities like the Sherman Oaks Galleria while providing easy access to schools and the largest park and recreation area in the valley – Lake Balboa Park & Recreation Area which also includes 2 golf course. The property offers convenient 405 freeway access and is very close to the 405/101 Freeway interchange. DEMOGRAPHICS: Affluent Area with average household income over $101k in dense area with over 113k residents within 2 miles. PRICE: $3,200,000 – 7,291 SF Building on 13,443 SF Lot with Highest Resource and DDA Designation

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C2

APN/PARCEL ID

2243-003-019

ASK ABOUT THIS PROPERTY

Karl NiehausCREIMore Info
310-880-7900

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Karl NiehausCREIMore Info
310-880-7900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.