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Investment Highlights
- Significant value-add opportunity with 10 vacant suites
- Owner-user opportunity
- Adjacent to the 3.6B East San Fernando Valley Light Rail project
- Opportunity zone location - this property provides substantial tax incentives for long term capital investments
- The property offers walkable access to the Van Nuys Civic Center, Courthouse, and City Hall
Executive Summary
Centennial Advisers brings to market 14511 Hamlin Street in Los Angeles, a significant value-add opportunity positioned within a designated Opportunity Zone in the central commercial district of Van Nuys. This 10,368 SF office building offers an exceptional combination of central location and functionality. With immediate proximity to the Van Nuys Civic Center, the property delivers outstanding local presence and seamless access to major transportation routes—ideal for professional and legal services that thrive on civic connectivity. Built in 1961, the multi-story structure features 12 distinct office suites, specifically designated downstairs units, and a versatile floor plan suitable for a wide range of professional uses. Located in a rapidly evolving neighborhood with $4.2 billion in upcoming transit investments, the site benefits from strong demographic expansion, while nearby Van Nuys Metrolink and Amtrak stations provide exceptional regional connectivity to a dense residential and employment base. Featuring a current physical occupancy of only 2 units, the property offers a compelling platform for immediate stabilization and significant financial upside through targeted lease-up. 14511 Hamlin Street stands out as a compelling opportunity for an investor seeking a centrally located, value-add office asset with both immediate upside potential and strong future growth in a designated Opportunity Zone.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
10,368 SF
Building Class
C
Year Built
1961
Price
$3,000,000
Price Per SF
$289.35
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,184 SF
Slab To Slab
10’
Building FAR
0.24
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
CR, Los Angeles
Parking
20 Spaces (1.93 Spaces per 1,000 SF Leased)
Amenities
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Patron Chiropractor
- Health Care and Social Assistance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Patron Chiropractor | Health Care and Social Assistance | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Very walkable
80/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2236-015-012 | Improvements Assessment | $1,023,997 |
| Land Assessment | $1,509,119 | Total Assessment | $2,533,116 |
Property Taxes
Parcel Number
2236-015-012
Land Assessment
$1,509,119
Improvements Assessment
$1,023,997
Total Assessment
$2,533,116
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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14551-14555 Hamlin St
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