18511 Sherman WayLos Angeles, CA 91335

  • Mixed-use properties
  • 5,000 SF
For Sale
$850,000 View listing

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
Mixed-use properties
Property subtype
Other investment 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
18511 Sherman Way, Los Angeles, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,935
$31,214
$328,761
$359,975
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-
-
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