For Sale
$7,500,000

19456 Nordhoff St Los Angeles, CA 91324

NNN Lease, 10-Year Term, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity in Los Angeles, CA, featuring a 13,167 square foot, 12-unit daycare and children's training center. This property boasts a strong 5.18% cap rate and a substantial net operating income (NOI) of $388,755, supported by a 100% occupancy rate under a triple-net (NNN) lease with 10 years remaining. The property is situated on a 1.315-acre lot with ample parking (68 spaces) and is zoned C4-1 (Enterprise Zone). Built in 1974, the building houses two non-retail tenants, providing recession-proof and internet-resistant income streams. This makes it an ideal investment for passive investors and those seeking a 1031 exchange opportunity. The asking price is $7,500,000. The property's address is 19456 Nordhoff St, Los Angeles, CA 91324, and its APN is 2783-028-044. This multi-tenant property offers a stable and low-management investment with significant upside potential.

Highlights

  • $7,500,000 asking price for a 13,167 square foot retail property.
  • NNN lease, multi-tenant occupancy with 100% occupancy and a 10-year remaining lease term.
  • 5.18% cap rate, generating a $388,755 net operating income (NOI).
  • Located in Los Angeles, CA at 19456 Nordhoff St, 91324, on a 1.315-acre lot with 68 parking spaces.
  • 12 units, built in 1974, with C4-1 (Enterprise Zone) zoning.

Property Details for 19456 Nordhoff St

Property type
Day care centers & nurseries, Retail properties
Square Feet
13,167 SF
Year Built
1974
Lot Size (sq. ft)
57,281 SF
Units
12

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.234780025469
Longitude
-118.55796504289

FAQs

What type of property is this?
Day care center & nursery - NNN Lease, 10-Year Term, High Occupancy
Where is the day care center & nursery located?
The property is located at 19456 Nordhoff St Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: $7,500,000 asking price for a 13,167 square foot retail property.; NNN lease, multi-tenant occupancy with 100% occupancy and a 10-year remaining lease term.; 5.18% cap rate, generating a $388,755 net operating income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
19456 Nordhoff St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message