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14519 Vanowen Street
Van Nuys, CA 91405

Price: $1,580,000 Zoning: C2
Bldg SF: 5,790 SF Price/SF: $273
Land SF: 9,399 SF Occupancy: 100%
Year Built:  1949 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Price: $1,580,000
Bldg SF: 5,790 SF
Land SF: 9,399 SF
Year Built: 1949
Price/SF: $273
Occupancy: 100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

MULTI – TENANT STREET RETAIL WITH RENTAL UPSIDE

  •  100% current occupancy
  • Below market rents
  • Excellent Parking in the rear
  • Seasoned tenants with an average tenancy of 25 years
  • Ideal for an Owner-User Buyer looking to occupy a portion of the building while concurrently generating income

 

STRONG EAST SAN FERNANDO VALLEY LOCATION IN A QUALIFIED OPPORTUNITY ZONE

  •  Ideally located just West of the NW signalized corner of Van Nuys Boulevard and Vanowen St
  •  Highly walkable location with heavy foot traffic with a walk score of 87/100 (very walkable)
  •  58 feet of frontage on Vanowen Street
  •  9,583 SF of land zoned C2
  •  Opportunity Zone presents preferential tax treatment

 

STRONG IMMEDIATE DEMOGRAPHICS

  • Over 341,000 people within a three-mile radius
  • Over 775,000 people within a five-mile radius
  • Median household income of $49,459 within a three-mile radius
  • Median household income of $59,248 within a five-mile radius
  • Significant population growth of over 7% in the immediate area