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Direct Office:
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Nacha Subramanian
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Newhall CA Real Estate & Commercial for Sale

The median home value in Newhall, CA is $625,000. This is lower than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in Newhall, CA is $625,000. Approximately 63.17% of Newhall homes are owned, compared to 32.83% rented, while 4.33% are vacant. Newhall real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Newhall real estate agent to arrange a tour today!
Learn more about Newhall.


Showing Homes Nearby Newhall, CA
Beds:
n/a
Baths:
Sq.Ft.:
6,870
Status:
Active
MLS#:
CRPW23204496
Type:
Retail, Business Opportunities
Lot size:
0.37 Acres
A broker reciprocity listing Courtesy: Justin White - Justin White Justin White thesbgbp@gmail.com
View additional info

Remarkable space that offers an exceptional opportunity to thrive in a vibrant & bustling location: the Old Town Newhall Arts & Entertainment District. Located in the heart of downtown, this 6,890sf* property on over 16,000 sf of land benefits from its prime position on Main & Market, ensuring maximum visibility and foot traffic. It is the only lot with an ingress and egress from both Railroad Ave. and Main Street and is directly across the street from the Newhall Metrolink station. Open layout provides endless customization; tailor the space to suit your specific requirements. With high ceilings and abundant natural light, this property creates an uplifting and energetic atmosphere. Ample parking28 spaces on one of the only parking lots in downtownensuring convenience and ease of access. Benefit from proximity to popular restaurants, cafes, boutiques, and entertainment venues. Expand your business, or create a new mixed-use commercial development. *Buyer to verify

Beds:
n/a
Baths:
Sq.Ft.:
11,300
Status:
Active
MLS#:
CRPW24072443
Type:
Business Opportunities
Lot size:
2.17 Acres
Year built:
1957
A broker reciprocity listing Courtesy: Colleen McLean - Side, Inc. Colleen McLean colleen@evecap.com
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Versatile Commercial Property with Strategic Location This property offers a blend of estimated square footage, with the owner-provided figure at 33,175 rentable square feet and the assessor's parcel indicating 11,300 square feet. Additionally, 2,178 square feet on-site will be delivered vacant at the close of escrow. The property comprises four buildings according to the assessor, although the owner has introduced non-conforming structures and trailers during their tenure as well as adding yard space to their rentals. Situated on a desirable corner lot, the property features three entrances for convenient ingress and egress and monument signage. Historical tenants showcase the property's appeal and durability. Current uses include auto repair, landscaping, recycling, and the distribution of electric and plumbing supplies. Most tenants are on a month-to-month basis, with only 5 leases ending by the end of 2027 (see Offering Memorandum for details). Business Park zoning accommodates various activities aligned with both business park and industrial zoning regulations, offering flexibility for diverse business operations. Exceptional opportunity for investors seeking a multi-functional space with potential for various business ventures. City of Santa Clarita named the Most Busine

Beds:
n/a
Baths:
Sq.Ft.:
5,735
Status:
Active
MLS#:
CRSR23187121
Type:
Retail, Business Opportunities
Lot size:
0.32 Acres
Year built:
1980
A broker reciprocity listing Courtesy: Cyrene Dellinger - Keller Williams Encino/Sherman Oaks Cyrene Dellinger cyrene@cyreneproperties.com
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Discover an outstanding investment opportunity in the heart of a thriving community! This commercial building, featuring a generous 5,735 square feet of prime space, is now available for sale on a spacious 13,871 square-foot lot. It holds exciting potential for both seasoned investors and newcomers. For those in the veterinary or pet boarding business, this property offers the ideal canvas for your relocation. The spacious layout and prime location create a welcoming environment for clients and their beloved pets. If you're in the real estate game, this property offers long-term promise and growth prospects. The spacious layout and prime location create an inviting atmosphere for your clientele. With 5,735 square feet at your disposal, you can customize the space to meet your specific needs. Conveniently situated with excellent access to the 5 and 14 freeways, this building is perfectly positioned to attract clients from a wide area. Its strategic location guarantees high visibility and easy accessibility. What's more, this property comes with a substantial parking area, featuring a total of 22 dedicated parking spaces. This ample parking ensures your clients' convenience and comfort. With its generous 13,871 square-foot lot size, businesses in various industries have a valuable

Beds:
n/a
Baths:
Sq.Ft.:
5,829
Status:
NEW LISTING
MLS#:
CRSR24084047
Type:
Business Opportunities
Lot size:
0.82 Acres
Year built:
1947
A broker reciprocity listing Courtesy: Manny Meneses - Park Regency Realty Manny Meneses signwithmanny@gmail.com
View additional info

Discover a unique opportunity in Sylmaran expansive commercial lot boasting 35,824 square feet and a 5,829 square foot building. This property is positioned amidst a mobile home park and an industrial structure and presents immense potential for revitalization. Awaited is an owner with the vision to rejuvenate this space, showcasing a building featuring various rooms, a kitchen, bathroom facilities, and a spacious central hall. The generous backyard serves as a blank canvas, offering endless possibilities for customization. Moreover, the property is zoned for light industrial use, promising versatility in potential ventures. Seize the chance to acquire this substantial parcel of land primed for a prosperous and upscale future under your stewardship.

Beds:
n/a
Baths:
Sq.Ft.:
12,960
Status:
Active
MLS#:
CRSR24072577
Type:
Retail, Business Opportunities
Lot size:
0.58 Acres
Year built:
1978
A broker reciprocity listing Courtesy: Bob Loner - Realty Executives SCV Bob Loner bobloner@aol.com
View additional info

Ideal Multi-Tenant Investment Property. Building of approximately 12,960+- square feet with 9,815+- square feet being Ground Level Retail / Service/ Office storefronts and 3,145+- square feet being 2nd Level Office Space. Ground Floor is currently comprised of 8 rentable suites / storefronts ranging in an assortment of sizes from 755 sq ft to 2,323 sq ft with each their own restroom and HVAC system. One Suite on second Floor of 800 sq ft and another of 2,345 sq ft. (divisible). Currently Ten (10) suites total. Entirely Renovated and Modernized in 2022, New Roof, HVACs, ADA Restrooms, Doors, Windows, Electrical, Plumbing, Exterior Siding & Dcor, Asphalt Parking Lot & Striping w/ADA Stalls & Stripe 180 feet of Street Frontage on major thoroughfare Sierra Hwy - Extremely street visible Building. New asphalt Parking Lot with 29 exclusive parking stalls plus abundant street parking. Great opportunity for an owner / user who may want to occupy a portion of the property. Three separate APN's and 3 separate legal lots. PLEASE CALL OR EMAIL FOR OFFERING MEMORANDUM

Beds:
n/a
Baths:
Sq.Ft.:
15,848
Status:
NEW LISTING
MLS#:
CL24384961
Type:
Business Opportunities
Lot size:
0.45 Acres
Year built:
1964
A broker reciprocity listing Courtesy: Filip Niculete - Marcus & Millichap Filip Niculete info@laaa.com
View additional info

We are proud to present 14375 Polk St., a 23-unit apartment building located in Sylmar. Built in 1964, the subject property sits on a 19,797 square foot lot and offers a mix of unit types, including 13 one-bedroom/one-bathroom units, 7 two-bedroom/one-bathroom units, and 3 two-bedroom/two-bathroom units, totaling 15,848 square feet. Recent capital improvements made to the property include seismic retrofit work, a repaired roof, and interior renovations to select units that include new counter-tops, cabinets, and sinks in the kitchen, new vinyl / carpet, and flooring, along with re-glazed bathtubs and new tile.The 23 apartment units bring in a combined $32,153 of rent per month, or $385,832 per year. A recent rent survey suggests full market-rent potential at $41,715 per month, or $500,580 per year, presenting an investor with approximately 30% upside potential. The property is secured by a gated, on-grade parking lot as well as a gated front entryway to the courtyard. Tenants enjoy on-site laundry, which creates $3,000 of additional income to the owner annually.The property is also being offered with an attractive assumable loan from Chase Bank with a $2,300,000 remaining balance at a 3.73% interest rate fixed through May 2027.Sylmar, located approximately 25 miles northwest of D

Beds:
n/a
Baths:
Sq.Ft.:
6,292
Status:
Active
MLS#:
CRSR24031792
Type:
Retail, Business Opportunities
Lot size:
0.21 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Gerardo Jerry Ascencio Sr. - San Fernando Realty, Inc. Gerardo Jerry Ascencio Sr. jerry@ascencio.com
View additional info

Introducing an exceptional investment opportunity in the heart of Sylmar, California. This vibrant multi-unit commercial shopping center is now on the market. Strategically situated in a bustling neighborhood, it boasts four diverse and flourishing businesses that guarantee a constant flow of foot traffic. The shopping center hosts a well-stocked liquor store, a beloved local restaurant, a reputable insurance agency, and a popular pizzeria. Each business brings its unique appeal, creating a dynamic mix that caters to a wide range of customer needs. This commercial property offers a solid tenant base, ensuring steady income and minimal vacancies. With its prime location, diverse mix of businesses, and strong community presence, this shopping center represents a lucrative investment opportunity. Don't miss out on this chance to own a piece of Sylmar's commercial hub. Contact us today for more details and to schedule a viewing.

Beds:
n/a
Baths:
Sq.Ft.:
1,764
Status:
Active
MLS#:
CRSR24031861
Type:
Business Opportunities
Lot size:
0.29 Acres
Year built:
1965
A broker reciprocity listing Courtesy: Gerardo Jerry Ascencio Sr. - San Fernando Realty, Inc. Gerardo Jerry Ascencio Sr. jerry@ascencio.com
View additional info

Presenting a highly visible commercial property located in the thriving city of San Fernando. This corner lot previously operated as a bustling used car dealership and is now available for your next venture. Situated at an intersection with high vehicular traffic, this property presents a fantastic opportunity for businesses looking to capitalize on visibility and accessibility. The lot enjoys dual street frontage, offering excellent exposure to both local and passing traffic. The property features a spacious lot that accommodates a variety of commercial uses. Its previous use as a car lot means it comes equipped with ample parking space and the potential for outdoor displays or operations also a former gas station. This prime location is surrounded by a mix of residential and commercial properties, drawing a diverse and steady stream of potential customers. Whether you're considering retail, automotive, service business, or other commercial ventures, this spot offers unparalleled potential. Don't miss out on the chance to establish your business in one of San Fernando's most sought-after locations. Contact us today to schedule a viewing or for more information on this prime commercial property.

Beds:
n/a
Baths:
Sq.Ft.:
4,480
Status:
Active
MLS#:
CRSR24031905
Type:
Business Opportunities
Lot size:
0.28 Acres
Year built:
1964
A broker reciprocity listing Courtesy: Gerardo Jerry Ascencio Sr. - San Fernando Realty, Inc. Gerardo Jerry Ascencio Sr. jerry@ascencio.com
View additional info

We are delighted to present a unique investment opportunity in the vibrant city of San Fernando. This prime location commercial property houses two productive auto repair shops, making it an attractive asset for those looking to invest in established businesses. Situated in a high-traffic area, this property enjoys excellent exposure to both local and passing traffic. This visibility, combined with the reputation of the existing auto repair businesses, ensures a steady stream of customers and consistent business activity. The two auto repair shops are long-standing tenants, providing you with a reliable and immediate source of rental income. Each shop is fully equipped and operational, with ample workspace, parking lots, and customer waiting areas. Located in a bustling part of the city, this property is surrounded by other businesses and residential areas, further enhancing its appeal and customer base. Its prime location and established tenants make this an excellent addition to any commercial portfolio. This is your chance to own a piece of San Fernando's thriving commercial scene. Don't miss out on this exciting opportunity. Contact us today for more information or to schedule a viewing.

Beds:
n/a
Baths:
Sq.Ft.:
5,608
Status:
Active
MLS#:
CRP1-16452
Type:
Business Opportunities
Lot size:
0.18 Acres
Year built:
1959
A broker reciprocity listing Courtesy: Vance Weisbruch - COMPASS Vance Weisbruch vance.weisbruch@compass.com
View additional info

This commercial building has 11 bedroom and 8 bathroom. Unit 1 has 2b/1b, Unit2 has 1b/1b, Unit 3 has 2b/2b, Unit 4 has 2b/1b, Unit 5 has 1b/1b, Unit 6 has 1b/1b, Unit 7 has 2b/1b, Currently are tenant occupied. Roof is less than 5 year old. Most galvanized pipes have been replaced with copper pipes.

Beds:
n/a
Baths:
Sq.Ft.:
2,852
Status:
Active
MLS#:
CRSR23164193
Type:
Office, Business Opportunities
Lot size:
0.14 Acres
Year built:
1978
A broker reciprocity listing Courtesy: Santa Lelis - Century 21 Plaza Santa Lelis T13DARHL@YAHOO.COM
View additional info
Beds:
n/a
Baths:
Sq.Ft.:
3,095
Status:
Active
MLS#:
CRSR24039568
Type:
Retail, Business Opportunities
Lot size:
0.12 Acres
Year built:
1966
A broker reciprocity listing Courtesy: James Antonucci - Keller Williams Realty-Studio City James Antonucci james@aplagroup.com
View additional info

13279-13281 Van Nuys Blvd in Pacoima. It is located on a major thoroughfare in a redeveloping area of Pacoima. This three-unit Commercial Space is ideally suited for first-time investors in the Retail Space or a potential owner-user opportunity. The property comprises three units with Units of Square Footage of 510, 1488, and 1097 for 3095 Square Feet. The property has a rental upside! The property has a new facade, giving it life and curb appeal. This property will benefit from the new light rail line scheduled to be built for the Metro. The area has a high traffic count and benefits from heavy foot traffic. Centrally located to the 118 and 5 freeways, it has plenty of freeway and transit access.

Beds:
n/a
Baths:
Sq.Ft.:
27,867
Status:
Active
MLS#:
CL23240793
Type:
Business Opportunities
Lot size:
1.17 Acres
Year built:
1992
A broker reciprocity listing Courtesy: Mark Hong - KORUS Real Estate Mark Hong markhong@korusre.com
View additional info
Beds:
n/a
Baths:
Sq.Ft.:
1,435
Status:
Active
MLS#:
CRSR23121019
Type:
Mixed Use, Business Opportunities
Lot size:
0.16 Acres
Year built:
1953
A broker reciprocity listing Courtesy: Tina Grigorian - Pinnacle Estate Properties Tina Grigorian tinaloves2sell@gmail.com
View additional info

Great income generating investment opportunity on a major street in Pacoima. High visibility and within heavy traffic area close to 5 and 118 freeways. Property is zoned for LAC2 and includes 2 buildings on a 7000sq ft lot. Rear building is being used as a well established auto center. Front unit needs TLC and was previously being used as a taco/bakery stand has Commercial kitchen hood system, wall mounted hand sink, and 3 underbar sink with drainboard.

Beds:
n/a
Baths:
Sq.Ft.:
8,000
Status:
Active
MLS#:
CL24376707
Type:
Business Opportunities
Lot size:
0.65 Acres
Year built:
1946
A broker reciprocity listing Courtesy: Limor Carey - American Dream Realty, Inc. Limor Carey limorcarey1980@gmail.com
View additional info

Builders / Developers!!! Amazing opportunity, This is a fully subdivided property with final map recorded, with RTI, great opportunity and fully approved to construct 4 homes, 4 adu's, and an option for additional 4 Jr Adu's to create a monster cash cow!!! Owner paid park fees, school fees and deposit for off site improvements to the city. If you are a contrctor, this is a golden opprtunity to make a lot of money! drive by and check this out! Connect for further quesitons

Beds:
n/a
Baths:
Sq.Ft.:
8,156
Status:
Active
MLS#:
CL23251701
Type:
Business Opportunities
Lot size:
0.39 Acres
Year built:
1950
A broker reciprocity listing Courtesy: Kelly Morgan - KW Advisors Kelly Morgan Kelly@KellyMorganCommercial.com
View additional info

12.88 GRM | 94% POTENTIAL UPSIDE***Please Contact Us For An OM*** 9325 Sylmar Avenue, located in Panorama City, California with 4 (1+1) and 8 (2+1). There are big changes going on near Panorama City and North Hills. Primestor and the city are planning a major development called the "Panorama City Center". This massive development will offer over 5 million square feet of multi-family, retail, restaurants, entertainment, fitness, office, and medical. Basically, a walking city. This adds to other current and future huge developments being planned in the area. Izek Shomof has already converted the Panorama Tower (https://www.panoramatowerla.com), previously an office building, into 194 luxury residential apartments and due it's success, is now planning on building another 200 apartments w/ retail right next door. (https://la.urbanize.city/post/mixed-use-project-moves-forward-8141-van-nuys-panorama-city) We believe these major investments are due to the upcoming Light Rail Transit Line on Van Nuys Blvd. Transit Lines have been proven to change neighborhoods, sometimes increasing rents 25-67%. Large developers know this and build accordingly. These transformative large developments further change the neighborhoods. Nearby property owners receive the benefits. Call us, we can help you p

Beds:
n/a
Baths:
Sq.Ft.:
4,329
Status:
Active
MLS#:
CRSR23206163
Type:
Retail, Business Opportunities
Lot size:
0.15 Acres
Year built:
1977
A broker reciprocity listing Courtesy: Brian Hatkoff - Hatkoff Investments Brian Hatkoff bhatkoff@aol.com
View additional info

This is a prime commercial property for owner user retail or office use. All one floor. About half is office space and the other half is used for inventory, vehicle parking, etc. Great frontage visibility with signage on the building and on the monument sign. Great 10% down SBA financing may be available.

Beds:
n/a
Baths:
Sq.Ft.:
1,553
Status:
Active
MLS#:
CRSR24044950
Type:
Retail, Business Opportunities
Lot size:
0.11 Acres
Year built:
1956
A broker reciprocity listing Courtesy: Gerardo Jerry Ascencio Sr. - San Fernando Realty, Inc. Gerardo Jerry Ascencio Sr. jerry@ascencio.com
View additional info

Great retail building with lots of vehicular and foot traffic. Main tenant is a cannabis dist business and smaller space is a billing office. Seller has done many upgrades including new plumbing, new central HVAC, and a new 400 amp electrical panel. This property has 7 parking spaces behind building. Neighbor on east side is a gas station. Located across the street from Plaza with a CVS, Banking and Vallarta Super Market. Located near restaurants and shops. OM with rent roll is available upon request.

Beds:
n/a
Baths:
Sq.Ft.:
1,710
Status:
Active
MLS#:
CRV1-19039
Type:
Office, Business Opportunities
Year built:
1952
A broker reciprocity listing Courtesy: Austin Reimers - Summer Hollis, Broker Austin Reimers austinreimersrealtor@gmail.com
View additional info

PROPERTY IS BACK ON MARKET - BUYER DID NOT PERFORM. Bring offers subject to cancellation of current escrow. Welcome to your new business venture! This prime commercial property is located in the bustling neighborhood of Northridge, CA, with many restaurants surrounding the area and in a sweet spot of residential and business spaces. With its high visibility and heavy foot traffic, this property is the perfect place for an owner/tenant office play.The property features 1710 square feet of building space and an impressive 6078 square feet of lot, providing ample room for a variety of commercial uses. Additionally, the property comes with several parking spaces, ensuring that your customers will always have a convenient place to park. For developers, the lot is zoned LAM1 which allows for 10 units by right. If a residential development does not work, then a NNN commercial development would be perfect for an investor looking for a low risk investment - an excellent opportunity to generate passive income. Potentially providing a steady stream of cash flow from day one. Whether you're starting a new business or developing the property, this property offers endless possibilities. It's suitable for a wide range of businesses, including office, retail, manufacture, residential, or other c

Beds:
n/a
Baths:
Sq.Ft.:
9,320
Status:
Active
MLS#:
CRSR23229663
Type:
Retail, Business Opportunities
Lot size:
1.33 Acres
Year built:
1985
A broker reciprocity listing Courtesy: Vic Deirmendjian - Vic J. Diermendjian Vic Deirmendjian realtransactions2019@gmail.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
9,320
Status:
Active
MLS#:
CRSR23229665
Type:
Retail, Business Opportunities
Lot size:
0.44 Acres
Year built:
1940
A broker reciprocity listing Courtesy: Vic Deirmendjian - Vic J. Diermendjian Vic Deirmendjian realtransactions2019@gmail.com
View additional info

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.

Beds:
n/a
Baths:
Sq.Ft.:
18,255
Status:
Active
MLS#:
CRGD24059268
Type:
Business Opportunities
Lot size:
0.5 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Steven Gutierrez-Kovner - JohnHart Real Estate Steven Gutierrez-Kovner TeamSteveSells@gmail.com
View additional info

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

Beds:
n/a
Baths:
Sq.Ft.:
38,234
Status:
Active
MLS#:
CL24382149
Type:
Business Opportunities
Lot size:
1.12 Acres
Year built:
1964
A broker reciprocity listing Courtesy: Robert Renshaw - REMAX COMMERCIAL & INVESTMENT REALTY Robert Renshaw rob@taksainvestment.com
View additional info

We are pleased to present the opportunity to purchase a stable, professionally managed 48-unit multifamily asset in the heart of the San Fernando Valley with significant future upside potential. Casa Etiwanda is located at 8523 Etiwanda Avenue in Northridge, CA about 25 miles northwest of downtown Los Angeles. This suburban neighborhood has a population of nearly 62,000 with a strong employment base that creates consistent demand for quality rental housing. Casa Etiwanda offers studio, 1-bedroom and 2-bedroom layouts providing plenty of options for a wide range of renters. The (31) 2-bedroom, 1-bathroom units, (16) 1-bedroom, 1-bathroom units and (1) studio unit contain features such as laminate flooring, granite counters, window/wall-mounted HVAC and dishwashers. The property also has on-site parking for 47 vehicles as well as laundry facilities, a barbecue area, a gym and a swimming pool. The soft story retrofit has recently been completed. Spread across 1.1 acres, Casa Etiwanda provides tenants with plenty of green space and mature landscaping. All areas of the property including the main building, rear building and parking lots are secured and accessible only to tenants. Guests are provided access via a central intercom system that rings tenants directly from the front entran

Beds:
n/a
Baths:
Sq.Ft.:
4,800
Status:
Active
MLS#:
CL24369343
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1958
A broker reciprocity listing Courtesy: Filip Niculete - Marcus & Millichap Filip Niculete info@laaa.com
View additional info

We are pleased to present 18018 Schoenborn St, a 6 unit multifamily property in Northridge, CA. Built in 1958, this 4,800 square foot property sits on a 7,320 square foot lot (0.17 acres), and it boasts a strong unit mix with (4) 2 bed / 1 bath units and (2) 1 bed / 1 bath units. The property offers parking at the rear alley of the lot with 6 gated carport parking spots, 1 spot per unit. This listing provides an investor a great value-add opportunity. The current mom-and-pop owner, who's owned this property for more than 30 years, has never tried to maximize rents on the property, opting for a more relaxed approach towards the tenants to avoid management headaches. This provides the buyer an opportunity to capture this nearly 40% upside potential in rents. Also, a savvy investor could consider adding an ADU to this property where the parking is in the back alley. 18018 Schoenborn is located in a safe, family friendly neighborhood, directly across the street from Northridge Middle School and minutes from Northridge Hospital Medical Center. It's just a short drive away from California State University, Northridge (CSUN) and the Northridge Fashion Center. The property offers a great place to live for tenants who commute to work with easy access to major freeways, including the 405 a

Beds:
n/a
Baths:
Sq.Ft.:
7,188
Status:
Active
MLS#:
CL23239475
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1964
A broker reciprocity listing Courtesy: Roderick 'Rick' Raymundo - Marcus & Millichap Roderick 'Rick' Raymundo Rick.Raymundo@MarcusMillichap.com
View additional info

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


Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 4/27/2024.

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