19456 Nordhoff Street
Northridge, CA 91324

Price: | $5,495,000 | Zoning: | C4 |
Bldg SF: | 13,175 SF | Price/SF: | $417 |
Land SF: | 57,283 SF | Parking: | 68 Spaces |
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 19456 Nordhoff Street, Northridge, CA 91324
Price: $5,495,000
Bldg SF: 13,175 SF
Land SF: 57,283 SF
Price/SF: $417
Zoning: C4
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Investment Highlights
Prime Northridge Location
- Ideally located directly across from the Northridge Fashion Plaza and Nordhoff Plaza
- Located less than two miles from California State University Northridge
- Within close proximity to significant new multi-family development
- Significant growth in the immediate area north of 15% over the past decade
- High daily traffic counts exceeding 35,000 vehicles per day
Unique Development Opportunity Or Owner-User Opportunity
- The building is currently vacant and ideal for an owner-user buyer
- 57,283 square feet of land zoned C4
- Current zoning allows for “by-right” development of one residential unit per 400 square feet of land
- Site is eligible for a 35% state density bonus
- Ideal location for residential redevelopment
Strong Immediate Demographics and Dense Population
- High Barriers to Entry make this a strong West San Fernando Valley rental pocket
- Multiple national retailers and restaurants in the immediate area
- Vibrant single-family home market in the immediate area with a median home value of $684,908
- 18,411 people within one mile of the subject property, 235,116 people within three miles, and over 528,000 people within five miles
- Affluent demographic with an average income of $100,179 within one mile and a median household income of $80,619
Highly Amenitized Local Sub-Market with Significant Development
- Significant development in the immediate area including the brand new Symmetry Apartments, a brand new contemporary apartment community, directly across the street
- Within less than 1.5 miles from the 24 acre approved master planned MGA Entertainment Campus
- Multiple national retailers in the immediate area including Lowe’s Home Improvement, Chick-Fil-A, Costco Warehouse, Best Buy, Target, Kohl’s, PetSmart, and many others
- Centralized West San Fernando Valley location with access to the 118 and 101 Freeways