18515 Sherman WayReseda, CA 91335

Property Details for 18515 Sherman Way

Year built

1928

Construction

TILT-UP CONCRETE

Lot size

0.17 AC

Property size (Sq ft)

4,710 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2118-029-013

APU

2118029013

Description

This exceptional 4,710 square foot commercial property at 18515 Sherman Way in Reseda, California presents a unique owner-user opportunity. Located on a prominent Reseda thoroughfare with high foot traffic, this retail space boasts excellent visibility and accessibility. The property sits on a 0.17-acre lot and offers convenient street-level access, ensuring ease of entry for customers. The building's versatile layout features two distinct sections, providing flexibility for a variety of business uses, including retail, medical offices (doctor or dentist), or a restaurant. Dedicated parking is available at the rear of the property, offering ample space for both customers and employees. This prime location on Sherman Way guarantees maximum exposure for your business, making it an ideal investment for entrepreneurs seeking a thriving commercial space in a bustling area. The asking price is $1,650,000. This property is ready for immediate occupancy and offers the perfect blend of location, size, and versatility to bring your business vision to life.

• CAP approach

  CAP return

  Valuation

  6%

  $2,004,259

  6.5%

  $1,850,085

  7%

  $1,717,936

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,257,047

  Geo Method

  $2,257,047

• Alternative Use

  Use

  Valuation

  Residential

  $1,560,616

  Hospitality

  $1,429,516

  Educational

  $1,189,340

  Medical

  $1,230,244

  Retail

  $1,850,085

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.2014

Longitude

-118.537

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].