-
Listed Price :
$800,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1949
Property Description
We are proud to present, a value-add, single-tenant retail opportunity located at 13424 & 13242 ½ Riverside Drive in the highly desirable City of Sherman Oaks, California. Potential for interest-only Seller financing.
The property consists of 2 individually metered spaces, currently leased on a month-to-month basis to one tenant, offering an owner-user the ability to occupy part of the space, while leasing out the other, off-setting the mortgage, or for an astute investor looking to reposition the property and bring the rents up to market.
The space is currently occupied by Nail Fetish, a long-term tenant that is operating at a rental rate of $1.98 p/sf, far below the market average of ±$3.36 p/sf.
The property encompasses roughly ±1,225 square feet and is situated on a ±3,000 square foot lot, offering a zoning of LAC1.5. Per city records, the building was constructed in 1949 of wood frame with a flat roof and stucco exterior, and recently ownership installed a new 200-amp commercial main panel, as well as one sub-panel, and new Siemens meters.
Sherman Oaks is a vibrant neighborhood located in the San Fernando Valley region of Los Angeles, California. Known for its tree-lined streets, upscale residential areas, and bustling commercial districts, Sherman Oaks offers a blend of suburban charm and urban convenience. The neighborhood is bordered by Studio City to the east, Van Nuys to the north, Bel-Air and Beverly Hills to the south, and Encino to the west.
Sherman Oaks is characterized by a mix of housing options, including single-family homes, condominiums, townhouses, and apartment buildings. The neighborhood's residential real estate market is robust, with properties ranging from charming mid-century homes to modern luxury estates. Sherman Oaks' desirable location, excellent schools, and neighborhood amenities contribute to its appeal among homebuyers and renters alike.
Sherman Oaks is a dynamic and desirable community in the heart of the San Fernando Valley, offering a high quality of life, a strong job market, and a diverse range of amenities. With its thriving economy, diverse population, and convenient location, Sherman Oaks continues to attract residents and businesses seeking a vibrant and welcoming place to live, work, and play
Interior Features
| Laundry Information |
| Location(s) |
None |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
13242 Riverside Drive |
| City |
Sherman Oaks |
| State |
CA |
| Zip |
91423 |
| County |
Los Angeles |
| Listing Agent |
Raymond Rodriguez DRE #01402283 |
| Courtesy Of |
Equity Union |
| List Price |
$800,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Retail |
| Structure Size |
N/A |
| Lot Size |
3,000 |
| Year Built |
1949 |
Listing information courtesy of: Raymond Rodriguez, Equity Union. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 23rd, 2024 at 4:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
