9667 Owensmouth AveLos Angeles, CA 91311

Property Details for 9667 Owensmouth Ave

Year built

1978

Construction

TILT-UP CONCRETE

Lot size

2.12 AC

Property size (Sq ft)

48,160 SF

Zone code

LAMR2

Property type

Manufacturing properties

APN

2746-016-019

APU

2746016019

Description

This exceptional Chatsworth, CA retail property presents a compelling investment or owner-user opportunity. The 52,360 square foot free-standing building, constructed in 1978 and renovated in 2022, sits on a 2.13-acre lot and boasts 64 parking spaces. Currently, the property enjoys 62% occupancy with two established tenants under NNN leases commencing February 14, 2023, providing a stable income stream. The net rentable area totals 19,883 square feet, offering significant owner-user potential. This space is adaptable to various configurations, accommodating office, warehouse, or mixed-use operations. The property is zoned MR2-1, situated in a thriving business district with convenient access to major highways and public transportation. The strong tenant base and the potential for rental increases as leases renew, coupled with the property's prime location in a growing market, present a compelling value-add opportunity for investors seeking long-term appreciation and rental upside. This versatile asset offers a unique blend of immediate income and future growth potential, making it an ideal choice for both investors and owner-users seeking a strategic foothold in the San Fernando Valley.

• CAP approach

  CAP return

  Valuation

  6%

  $30,803,500

  6.5%

  $28,434,000

  7%

  $26,403,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $14,653,000

  Geo Method

  $14,653,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $14,635,600

  Mixed-Use / Specialty

  $14,626,600

  Hospitality / Lodging

  $10,787,300

  Office

  $14,584,700

  Institutional / Educational

  $15,221,200

  Residential Income

  $17,808,800

  Multifamily

  $21,119,600

  Automotive / Energy

  $13,046,800

  Parking / Income-Based Land

  $4,459,620

  Restaurant / Food Service

  $7,699,570

  Healthcare / Senior Housing

  $14,955,100

Location Insight

City

Chatsworth

County

Los Angeles

State

California

Latitude

34.2462

Longitude

-118.603

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].