9925 Balboa Blvd - Freestanding FOR SALE


Northridge, CA 91325
$1,895,000 USD
310-344-4900
9925 Balboa Blvd, Northridge, CA for Sale
$1,895,000 USD
Freestanding - FOR SALE
1/17
null | 3.6% Cap Rate

Jul '32


9925 Balboa Blvd
Northridge, CA 91325


HIGHLIGHTS

  • Large 17,289 SF Lot / .40 Acre
  • Excellent North Central San Fernando Valley
  • Next to Major Intersection
  • Development Opportunity: ZI - 2512 Housing Element Investory
  • 100% Occupied with Long Time Tenant
  • Existing Rental Income During Entitlement Process

OVERVIEW

Free-Standing commercial building currently occupied by a regional wholesale distributor serving retail stores. There are five ground level roll up bays, gated storage area, and a concrete block storage shed 10' long and 8'6" tall. Plentiful open lot parking for approximately 15-20 spaces. Store was formerly used by a Just Tires store. Property has good access from the street and can also be reached by a side alley. First time on market in 100 years. Current tenants lease runs through 7/31/32 and has a monthly rent increase to $7,260 on 8/1/28 The property has been identified by the City of Los Angeles in its Housing Element Inventory of Adequate Sites (ZI-2512), which identifies sites that the City has determined may accommodate additional residential development under its Housing Element methodology. To see the list and details about the property go to: ZIMAS - City of Los Angeles website, under Planning and Zoning Information, the property is included in ZI-2512 Housing Element Site, Appendix 4.1 - Inventory of Adequate Sites.

FOR SALE DETAILS

PRICE

$1,895,000 USD

PRICE/SF

$477 USD /SF

CAP RATE

3.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,289 SF

ZONING

LAP: C2-1VL & P-1VL

APN/PARCEL ID

2694-008-021

ASK ABOUT THIS PROPERTY

Greg TrotterColdwell Banker Commercial RealtyMore Info
310-344-4900

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Greg TrotterColdwell Banker Commercial RealtyMore Info
310-344-4900

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