18511 Sherman WayLos Angeles, CA 91335

Property Details for 18511 Sherman Way

Year built

1966

Construction

WOOD

Lot size

0.09 AC

Property size (Sq ft)

5,000 SF

Zone code

LAC2

Property type

Investment properties

Property subtype

Retail residential properties

APN

2118-029-015

APU

2118029015

Description

This exceptional investment opportunity presents a thriving, established dental practice located in the heart of Reseda, California. The property, situated at 18511 Sherman Way, Los Angeles, CA 91335, is a two-story Class B building encompassing 5,000 square feet of net rentable space, with 2,500 square feet per floor. Currently operating at 50% occupancy, this owner-user opportunity offers significant potential for growth. The practice boasts six operatories, two orthodontic stations, three x-ray units, and a dedicated lab, all within a well-maintained building. The property features convenient free parking in the rear, and benefits from a high-traffic location near a corner. The asking price is $850,000, translating to $420 per square foot. The leasehold ownership structure provides flexibility for the buyer. This turnkey operation is ideal for a dentist looking to establish or expand their practice in a prime Los Angeles location. The practice has been successfully operating at this location for 11 years. The building's size and layout offer ample space for expansion and customization to meet the needs of a growing practice. This is a rare opportunity to acquire a well-established dental practice with significant upside potential in a desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,794,764

  6.5%

  $1,656,705

  7%

  $1,538,369

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,473,740

  Geo Method

  $1,473,740

• Alternative Use

  Use

  Valuation

  Residential

  $1,656,705

  Hospitality

  $1,517,533

  Educational

  $1,262,569

  Medical

  $1,305,991

  Retail

  $1,963,997

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.2014

Longitude

-118.536

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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