Potential Medical Office / Apartment development. Teri Heravi is proud to present the Exclusive Listing at 15217 Burbank Blvd in Sherman Oaks. Just East of Sepulveda on Burbank Blvd. Property offers High Traffic and High Visibility. In close proximately of Target and Costco, Sherman Oaks Galleria. Easy access to the 405 and 101 freeways. Formerly Law Offices with 5 offices, conference room, kitchen and 2 bathrooms. 2,387 SF / 9,426SF Lot. Zoned C2-1VL. Property offers rare 14 parking spaces. Delivered Vacant.
Unique opportunity beckons for investors or developers in the vibrant heart of Van Nuys! Uncover the potential of this commercial property, zoned C2-1L, boasting a valuable 52-space parking lot. This versatile property holds immense promise, suitable for a spectrum of uses, from retail and service stations to garages, churches, schools, auto sales, apartments, condos, and hotels. The existing structure stands tall as a 5-story, 35,046 sqft building on a generous .51-acre lot, a rare find in the area. Convenience is paramount, with the property strategically positioned within walking distance of bustling shopping and dining hubs. Enjoy proximity to renowned establishments like Costco, Target, Chase bank, Starbucks, and more, enhancing the property's allure. Strategic location is further underlined by easy access to major freeways, including the 405, 118, and 101, streamlining connectivity for businesses and patrons alike. Sherman Way, a major cross street, adds to the property's accessibility. Seize the moment! Don't let this exceptional opportunity slip away. Schedule your private showing now to explore the full potential of this prime commercial property in Van Nuys.
IMPROVED PRICING AS SELLER HAS FOUND THEIR UPLEG -- PROPERTY IS PRICED TO SELL AND FEATURES THE LOWEST GRM AND HIGHEST CAP RATE AVAILABLE IN SHERMAN OAKS. More than 78% of the unit interiors have been thoroughly upgraded, featuring new amenities such as custom Calacatta quartz countertops, French Oak-inspired wood flooring, stainless steel appliances, and completely remodeled bathrooms. A new investor may be able to benefit from the already-completed upgrades to realize consistent income improvement, as area rents have steadily increased even in the short time since these renovations were completed. Moreover, a new owner can conduct a similar revitalization of the remaining three apartments to potentially recapture approximately 15% in rent upside. Because nearly all of the units are currently leased at or near market rent levels, the effects of local rent control have been essentially removed, leaving the new owner a market rental base similar to that of a non-rent controlled asset. Located near the intersection of Valleyheart Drive and Kester Avenue, the building sits only four blocks from the fine dining and premium boutiques along world renowned Ventura Boulevard. The property features spacious floorplans covering approximately 12,925 square feet across the 14 units. Recent m
Agoura Hills Medical and Dental Building. Approximately 14,000 sq. ft. Well maintained with over 70 parking spaces. Easy access to the 101 Freeway. Approximately 65% occupied. Beautifully landscaped on 3/4 +/- acres. Built in 1996, first time ever for sale. Additional storage in the subterranean parking area. Contact broker for leasing information. Property website: http://www.agourahillsmedical.com/mls/135950626
5660-5662 Kester Avenue Located in Sherman Oaks is an Excellent Value-Add Opportunity for Your Investors or 1031 Tax Exchange Buyers. This Opportunity has a Substantial Upside in Rents and the Addition of (4) ADU Units. The Property is a Well-maintained 5-unit building that consists of (4) One-Bedroom Units and (1) Two-Bedroom Unit with separate entrances for each unit. This Property Includes a Detached Second Garage Structure that is Currently a 5 Car Garage with Storage that can be Converted into (4) Additional ADUs that will Increase the Monthly Income by $10,000 a month. Each Unit has (1) Garage parking space with alley access for easy ingress and egress. The Building includes a Shared Laundry room for all the Tenants. No Seismic Retrofit is Required. The Building has Copper Plumbing Throughout with New Exterior Paint and Windows. The Property is Professionally Landscaped and Maintained. The Buildings are Well Maintained and Professionally Managed.
This is an exceptional opportunity for investors to acquire premier real estate in prime Sherman Oaks location. This 10-unit apartment complex is located a half-block from fabulous shopping and dining on Magnolia Boulevard. These large townhouse style units are located in one of the most desirable rental areas of Sherman Oaks that boasts a low vacancy ratio. Tenants enjoy air conditioning, hardwood floors, fireplaces and private patios. The property recently had a new roof installed as well as having all of the soft-story retrofitting completed. There is plenty of on-site, tuck-under parking and additional income from shared laundry make this gated secure building a hidden gem in a sought-after neighborhood. Newer copper plumbing, and new A/C units. Low maintenance with strong income, plus over 43.67% potential upside in rent. It is a reposition opportunity with strong upside in rents. Excellent unit mix with historically strong occupancy. Safe residential neighborhood in Sherman Oaks California.
6 Units on a large lot in a great and desired location in the city of Van Nuys with lots of potential. Conveniently located near the Court and other government buildings in the heart of the city of Van Nuys with close access to the 405, 101, and 170 freeways. Located just 2.3 miles from the Van Nuys Metrolink Station, which allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for electricity, gas, and trash.
REFINED PRICING! 5%+ CAP WITH 50% UPSIDE! Discover the potential of 14739 Delano St, a remarkable multifamily asset nestled in the vibrant heart of Van Nuys. This property, spanning 6,908 square feet, stands on a 7,503 square foot lot and comprises 11 bedrooms and 8 bathrooms, making it a substantial income-generating asset?1?. Boasting a rich tenant history, the property has been a choice residence for long-term tenants who value the stability and convenience it offers. The strong foundation of consistent, on-time rent payments highlights the reliability of this investment. With a notable gross rent of $11,000 per month and a potential escalation to a market rent of up to $21,000, this property promises a robust income stream and a horizon of revenue growth. The unit mix is thoughtfully designed to cater to diverse tenant preferences, featuring (5) comfortable 2-bedroom units and (3) inviting 1-bedroom units, ensuring a steady occupancy rate. Ideally positioned, 14739 Delano St offers its residents effortless access to transportation, shopping, and dining venues. The proximity to 'Van Nuys Village' shopping center enriches the living experience, providing a plethora of retail outlets, eateries, and services. The highly reputed 'Van Nuys Unified School District' is a stones th
This 32-unit two-story garden style complex has gated entry, a pool, laundry room and landscaped courtyard. The parking is also gated and has 24 tuck under spaces, 9 carport spaces and one open space for a total of 34 cars. The City of Los Angeles mandatory seismic retrofit work has already been completed by the owner. Other capital improvements include repaving the driveway and putting on a new roof about 10 years ago.The building is separately metered for both gas and electricity and the majority of the units have a private patio or balcony. The unit mix is excellent of 56% two bedrooms, two baths units averaging $1.59 psf and 44% one bedroom units averaging $1.34 psf. Both unit types are currently renting significantly below the current market of at least 50%.This well-maintained complex offers an investor stable cash flow with upside that will appreciate in value over time. The property is also located in an Opportunity Zone, which offers an investor the potential to defer and eliminate capital gains if they substantially improve the asset per the existing OZ laws. *Located in Opportunity Zone *Very well maintained *Great Mix of 1 & 2 Bedrooms with Balconies / Private Patios *Gated Parking & Entry *Pool, Laundry and Landscaped Courtyard
0.44 acres available for sale 9320 SF Retail Building, automotive bays with 30' high rollup doors at 8646 Sepulveda Blvd. This lot is combined with and must be sold with 8646 Sepulveda, as contiguous properties. Please review the listing for 8646 Sepulveda.
First time on market in over 40 years. Absolutely prime for affordable housing development, or owner user or for any of the below developments or use as auto service bays with 30 feet height with rollup doors, offices, break room and sales offices. Close to the 405, 101, 134, 170, 210 and 118 freeways. This location would be an excellent site as a satellite sales center as an auto dealership, mixed use multifamily over retail development. Rare infill 1.32 acre of LAC2 zoned property perfect for owner user or as an investment or redevelopment as multifamily, automotive, car wash, service station, auto body shop, RV storage and repair, RV service, self storage, auto dealer sales lot, medical clinic development, shopping center development, LIHTC multifamily development, retail small box, grocery outlet, fast food, drive thru, car wash, convenience store, gas station, hotel, assisted living, seniors age restricted residential development and much more. Developers and buyers to verify the above uses. Owner, its agents, brokers make no warranties expressed or implied as to the permitted uses by the City of Los Angeles Planning Department. Must be sold with 8628 Sepulveda for a total land size of 1.76 acres. Please submit highest and best price.
Great opportunity for owner user to operate approximately 5,000 SF of mixed use property with office/ retail space and or warehouse space . This retail space has vaulted ceilings, and polished concrete floors. Situated approximately 200ft west of Van Nuys Blvd. The property boasts versatile zoning (LAC2) Potentially for a multi-residential development an excellent opportunity for both Owner user and developers alike. The combination of location, zoning, and redevelopment possibilities makes this property a lucrative opportunity for savvy investors. Property can also be purchased together with 14520 Erwin St for $1,850,000.
Welcome to an exceptional real estate opportunity at 14520 W Erwin Street off Van Nuys Blvd. This mixed-use property 4500 SF offers a versatile space for various commercial ventures.. Constructed with durable reinforced concrete, the property boasts a secure and inviting windowed front, providing both visibility and natural light. Impressively high ceilings reaching 18 feet offer ample vertical space, complemented by high power outputs to accommodate diverse operational needs. Convenient alley access along the East side of the property enhances logistical ease, while the prime location approximately 200 feet west of Van Nuys Blvd ensures excellent visibility and accessibility. The property comprises two structures on site, both currently vacant and ready for reimagining. 14520 W Erwin Street features two entry doors directly off Erwin Street, offering easy access for clientele. A gated courtyard and dedicated employee parking add to the appeal of this structure, which includes multiple offices, conference rooms, and a bathroom. While the interior presents a solid foundation, updates are needed to attract potential tenants and maximize its potential. Adjacent to 14520 Erwin Street, 14518 Erwin Street offers additional space separated by a courtyard. Previously utilized as a Sanctu
Fully renovated office complex conveniently located within an OPPORTUNITY ZONE just off Van Nuys Blvd, showcasing four individual units, four bathrooms, a spacious conference room, two fully equipped kitchenettes, and 14 parking spots accessible via a private motorized gated driveway. Renovations encompass comprehensive upgrades including drywall installation, electrical improvements, flooring replacement, new doors and partitions, as well as a fresh roof and windows. The primary upstairs unit features custom glass partitions, an expansive open floor plan, and a covered turfed balcony. Situated within easy reach of shopping centers, retail outlets, Van Nuys airport, and The Superior Court of California for added convenience.
An exceptional opportunity awaits to acquire a piece of historic Van Nuys. This property thrives amidst a bustling commercial hub, adjacent to a popular Mexican restaurant and strategically positioned across from the federal, state, and local government center, housing administrative offices, courthouses, and a post office. It presents a rare chance for businesses seeking to establish themselves in a vibrant and dynamic locale. The venue, currently operational and meticulously designed, caters to a diverse range of events, from elegant weddings to corporate galas and milestone celebrations, accommodating the capacity of 100 people. While the business itself is not for sale, this property offers a prime location that should not be overlooked. Conveniently, public parking is within walking distance, enhancing accessibility for guests and patrons. With its mixed-use potential and proximity to key amenities, this property is a compelling investment opportunity for those looking to capitalize on Van Nuys' rich heritage and thriving commercial landscape.
Matthews is pleased to present 14417 Tiara St, a 15-unit apartment complex in Van Nuys, CA. Built in 1982, the property provides contemporary one-bedroom apartments and townhomes, featuring high-quality flooring, recessed lighting, and fully equipped kitchens with stainless steel appliances. The property offers a secure entrance, tiled common areas, and designated underground gated parking. All units are individually metered for gas and electric. All units include air conditioning, and each tenant has secured onsite parking. Several of the units have balconies. There is also an on-site laundry facility which is tied to a lease with WASH, and there is a community barbeque area for tenants to enjoy.
Terrific retail commercial property with a lot of potential due to its prime location in Van Nuys. The ample parking with 12 parking spaces and high visibility are definite advantages for attracting customers. Property features a 5,950 SF building on a large lot of 10,000 SF with newer roofing. The property offers convenient access to public transit, major freeways and existing LA Metro Orange line as well as Potential Project Metrolink Green line.
14243 Victory is a new construction, cash-flow stabilized apartment building that has everything an investor can ask for! Built in 2022, the property is free of any rent control restrictions in the always strong San Fernando Valley rental market. The property has a total of 5 units (Four Units + ADU) that has an incredible unit mix consisting of: Two (4 bedroom/4 bathroom) Townhomes, One (4 bedroom/3 bathroom) Townhome, One (2 bedroom/2 bathroom) unit and One spacious (1 bedroom/1bathroom) apartment. Tenants pay for all utilities. Plenty of onsite parking. Aside from the amazing property highlights, the current loan is assumable at 3.25% fixed interest rate with three and a half years left on the term! Unheard of in today's climate of climbing rates! Located in one of the best pockets of Van Nuys, near city hall, the building is only a few minutes away from Sherman Oaks to the South. Please do not disturb tenants.
An amazing investment opportunity with significant upside potential, 8710 Kester in Panorama City is within a half mile of the Primestor-planned Panorama City Center, whose approx. 5 million square feet redevelopment project brings a dynamic mixed-use environment including shopping, sit-down restaurants, health and wellness services, event gathering destinations, a range of housing options, and remote working areas. Kester will be equally close to the planned East San Fernando Valley Light Rail Line, with a planned Metro stop at the City Center. With a diversified mix of two 3/3 and eight 2/3 unique townhome-style, plus three 2/2, and two 1/1 single level apartments, these well-maintained 15 units built in 1962 offer exceptional roominess (averaging 1217sf per unit) over 18,255sf GLA on a 21,622sf lot. Boasting 15 covered parking spots, newer roof, central AC and all-copper plumbing, these fully-occupied, all-electric units sit in the heart of this local redevelopment boom, with hundreds of apartments recently built (Panorama Tower) or slated for development along with another nearby proposed mixed use Icon at Panorama project (adjacent to the Panorama City Center). whose almost-600,000sf residential/retail combination will make 8710 Kester a highl
Set to benefit immensely from its position in the path of development, the property sits only one block from the planned 4.5 million square foot mixed-use development slated for the site of the existing Panorama Mall. Included in the proposal are 125,000 square feet of retail space, 70,000 square feet of restaurant space, 90,000 square feet of entertainment space, and 146,000 square feet of open space. That project intends to capitalize on the upcoming East San Fernando Valley Light Rail Line, which will include a Metro stop just two blocks from 8407 Cedros Avenue. Perhaps the most noteworthy development project currently in the San Fernando Valley, the light rail line will connect the Metro Orange Line, the Metrolink Train Line in Van Nuys, and the Metrolink Train Line in Sylmar/San Fernando. The majority of the new transit line will run along the median of Van Nuys Boulevard, with a station planned just two blocks from 8407 Cedros Avenue. In addition to boosting commerce in the immediate area, it will also provide the benefit of more convenient transportation for the property's tenants. With current rents approximately 42% below market rates, a new owner can capitalize on this rent upside to create increasing cash flow even before the neighborhood improves with the pending deve
***Please Contact Us For An OM***Brand new construction. Have someone else help pay your mortgage. Two buildings with separate APNs can be purchased together or separately. Exceptional opportunity to acquire a luxurious multifamily property in the highly sought-after area of Sherman Oaks. This stunning property features six brand-new, impressively large townhomes, all exquisitely designed and crafted to the highest standards of modern living. The property offers an in-place Cap rate of 4.90%, the townhomes are non-rent controlled and are not subject to LA City rent control regulations. The property consists of two separate buildings on separate APNs, each with three townhomes, providing both privacy and exclusivity. Each unit offers over 2,500+ square feet of living space and features beautiful rooftop decks with stunning views of the surrounding area, perfect for entertaining and relaxation.The townhomes feature high-end finishes, including stainless steel appliances, quartz countertops, and hardwood flooring, with each unit boasting an in-unit washer/dryer, tankless water heater and a 2-car garage with direct unit access, providing added convenience and security.Don't miss out on the chance to own this exceptional multifamily property in Sherman Oaks, which represents the epito
RTI, Ready to start construction for 6 units Existing 2 Br and 1 bath with approved plans for 6 units 4 Three Bedrooms 2 Bath and 2 Two bedrooms 2 Bath. Located in dense rental area. Rents per Section 8: 3BR 2 Ba $3915 Rents per Section 8: 2 BR 2 BA $3052 All information based on approved plan. Buyer and buyer agent to verify all information. sellers not responsible on accuracy of information
4916 Hazeltine Ave, in the highly sought-after neighborhood of Sherman Oaks, presents a fantastic income opportunity with its 100% occupied, eight-unit building. With its ASSUMABLE FINANCING AT 3.51%, spacious 7,068 square footage building situated on a generous 7,908 square foot lot, this investment offers both size and potential. The prime Sherman Oaks location further enhances its appeal, providing easy access to all the amenities and attractions the area offers. Featuring a well-balanced apartment mix, including (2) three-bedroom units, (2) two-bedroom units, and (4) one-bedroom units, this property caters to a diverse range of tenants, ensuring stable and consistent rental income. Sherman Oaks is renowned for its tranquil suburban atmosphere, making it an ideal setting. The neighborhood's proximity to major studios further adds to its allure, attracting residents working in the thriving movie and TV industry. Residents of Sherman Oaks benefit from an array of upscale shopping options, including the nearby Westfield Mall and Sherman Oaks Galleria, along with a variety of local restaurants and boutiques. Outdoor enthusiasts will appreciate the abundance of parks, including the popular Van Nuys-Sherman Oaks Park, providing ample opportunities for leisure and recreation. Conveni
