18247 Sherman WayLos Angeles, CA 91335

Property Details for 18247 Sherman Way

Year built

1953

Lot size

0.24 AC

Property size (Sq ft)

10,590 SF

Zone code

LAP

Property type

Retail properties

Property subtype

Parking lots & garages

APN

2119-028-011

APU

2119028011

Description

This exceptional single-tenant retail building, located at 18247 Sherman Way, Reseda, CA 91335, offers a significant opportunity for investors and businesses alike. Boasting a substantial 22,400 square feet of space on a 27,994 square foot lot, this Class B property is situated on a major arterial, Sherman Way, experiencing an estimated daily traffic count of approximately 31,387 vehicles. Built in 1953, the single-story structure presents a solid foundation for a variety of retail ventures. Its convenient location in Reseda, often referred to as the "Hub of the West Valley," ensures high visibility and accessibility. The property's address is further enhanced by its intersection with Etiwanda Avenue (Sherman Way & Etiwanda Ave). Public transportation is readily available, adding to its appeal. The property benefits from strong neighboring tenants, including The 99 Store, JonsMarket, Goodwill, and Citibank, creating a vibrant and established commercial environment. The APN is 2119-028-007. This property presents a rare opportunity to acquire a well-positioned retail space in a thriving Los Angeles neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $4,506,391

  6.5%

  $4,159,746

  7%

  $3,862,621

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,074,762

  Geo Method

  $5,074,762

• Alternative Use

  Use

  Valuation

  Residential

  $3,508,901

  Hospitality

  $3,214,134

  Educational

  $2,674,122

  Medical

  $2,766,089

  Retail

  $4,159,746

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.2019

Longitude

-118.531

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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