18812 Parthenia StLos Angeles, CA 91324

Property Details for 18812 Parthenia St

Year built

1988

Construction

TILT-UP CONCRETE

Lot size

0.30 AC

Property size (Sq ft)

5,720 SF

Zone code

LAM1

Property type

Retail properties

Property subtype

Auto shops

APN

2785-001-080

APU

2785001080

Description

This exceptional 5,720 square foot executive office building, constructed in 1988, presents a compelling investment opportunity in Los Angeles, CA. Located at 18812 Parthenia St, in the 91324 zip code, this property boasts a desirable location with convenient street-to-street access from Parthenia and Bryant Streets, providing easy access to the 118 Freeway. The building currently operates as a nine-bay autobody shop, complete with a permitted spray booth and office space. The property sits on a 12,584 square foot lot and is zoned M1, allowing for a variety of industrial or automotive uses. Currently generating a 6.87% cap rate, this property offers significant upside potential through increased rental income. The month-to-month leases provide flexibility for an owner-user to occupy all or a portion of the building, or to continue leasing the bays to existing tenants. Individual bay electricity metering adds to operational efficiency. The property's proximity to major thoroughfares and a high-income demographic further enhances its investment appeal. This is an ideal opportunity for an owner-user seeking a strategic location or an investor looking for strong cash flow and potential for appreciation. The property's existing automotive tenants service national accounts, indicating a stable and potentially expanding market.

• CAP approach

  CAP return

  Valuation

  6%

  $2,434,047

  6.5%

  $2,246,812

  7%

  $2,086,326

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,741,042

  Geo Method

  $2,741,042

• Alternative Use

  Use

  Valuation

  Residential

  $1,895,270

  Hospitality

  $1,736,058

  Educational

  $1,444,379

  Medical

  $1,494,054

  Retail

  $2,246,812

Location Insight

City

Northridge

County

Los Angeles

State

California

Latitude

34.2278

Longitude

-118.543

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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