818-335-0935
16955 Sherman Way, Van Nuys, CA for Sale
Freestanding - FOR SALE
1/71
null | Request Cap Rate

16955 Sherman Way
Van Nuys, CA 91406
Lake Balboa


HIGHLIGHTS

  • Approved mixed-use development opportunity in Lake Balboa with entitlements for 111 residential units and 4,500 square feet of ground-floor retail.
  • Located on a 1.13-acre site with C1-1 (Q)-CR-1 zoning, supporting a range of commercial and residential uses.
  • Existing structure is a 4,212-square-foot freestanding retail building built in 1973, offering redevelopment potential.
  • Ample on-site parking with 84 spaces, providing convenience for future retail tenants or visitors.
  • Situated in a highly walkable area (Walk Score of 77) with proximity to major retail, dining, and service amenities.
  • Easy access to key transportation routes and regional connectivity within the San Fernando Valley.

OVERVIEW

Approved Prime Mixed-Use Development Opportunity in Lake Balboa containing 111 Units with 4,500 sqft Retail on the Ground-Floor. Entitlements have been approved and the city is currently processing Construction Documents.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

84

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,313 SF

ZONING

C1-1(Q)-CR-1, L A

APN/PARCEL ID

2227-003-017

ASK ABOUT THIS PROPERTY

Sam S. ManoukianSam S. Manoukian, CCIMMore Info
818-335-0935

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

Sam S. ManoukianSam S. Manoukian, CCIMMore Info
818-335-0935

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