For Sale
$1,995,000

19740 Sherman WayWinnetka, CA 91306

High-traffic retail center with strong tenants.

Overview

Added:
Feb 3
Days on market:
61
This exceptional multi-tenant retail property at 19740 Sherman Way, Winnetka, CA, presents a compelling investment opportunity. Spanning 4,005 square feet on a 0.19-acre lot, the property boasts three established, long-term tenants, providing immediate and consistent cash flow. A key feature is the inclusion of a cell tower with a secured, long-term lease, offering a stable and predictable income stream. The property's strategic location in a high-traffic area ensures excellent visibility and accessibility for all tenants, maximizing their potential. Individual gas and electric meters simplify utility management and cost allocation. Six convenient parking spaces are available for tenants and customers. The property is zoned LAC4 and offers a compelling 4.30% capitalization rate, making it an attractive addition to any investment portfolio. This turnkey investment requires minimal management, offering a strong return on investment with the security of established tenants and a diverse income stream. The property's location and tenant mix provide a solid foundation for long-term growth and profitability. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location.

Property Details for 19740 Sherman Way

Property type
Retail properties
Square Feet
4,005 SF
Year Built
1956
Lot Size (sq. ft)
8,276 SF

Location Insight

City
Winnetka
County
Los Angeles
State
California
Latitude
34.20068
Longitude
-118.5637
19740 Sherman Way, Winnetka, California

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19740 Sherman Way
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