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18120 Sherman Way
Reseda, CA 91335
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Rare Ownership Opportunity: ±14,026 SF former Bank of America on ±1.06 acres in the heart of Reseda.
- Flexible Reuse Potential: Ideal for medical, educational, office, retail, community-serving, or mixed-use concepts.
- Sits within a transforming corridor with multiple pathways to value creation —adaptive reuse, phased repositioning, or full redevelopment.
- Prime Frontage & Visibility: Expansive exposure along Sherman Way with two existing curb cuts providing excellent ingress/egress.
- Development-Ready Site: Existing structure can be repurposed or demolished for ground-up redevelopment.
EXECUTIVE SUMMARY
18120 Sherman Way represents a rare chance to control a highly visible ±14,026 SF two-story former Bank of America building situated on approximately 1.06 acres in the heart of Reseda. With expansive frontage along Sherman Way, two existing curb cuts providing excellent ingress/egress, and strong traffic counts, the property offers outstanding visibility and branding potential for a wide range of users.
The existing structure lends itself well to creative reuse — including medical, educational, professional office, retail, community-serving, or mixed-use concepts — benefiting from generous floorplates, abundant parking, and flexible site circulation. Alternatively, the property can be demolished and repositioned for new development, offering a blank canvas for developers seeking to capitalize on Reseda’s ongoing revitalization and the wave of investment occurring along Sherman Way.
Surrounded by new housing, retail upgrades, and improving neighborhood amenities, 18120 Sherman Way sits at the center of a corridor undergoing meaningful transformation. This is an opportunity to secure a strategically located site with multiple potential pathways to value creation — whether through adaptive reuse, full redevelopment, or a phased repositioning strategy.
The existing structure lends itself well to creative reuse — including medical, educational, professional office, retail, community-serving, or mixed-use concepts — benefiting from generous floorplates, abundant parking, and flexible site circulation. Alternatively, the property can be demolished and repositioned for new development, offering a blank canvas for developers seeking to capitalize on Reseda’s ongoing revitalization and the wave of investment occurring along Sherman Way.
Surrounded by new housing, retail upgrades, and improving neighborhood amenities, 18120 Sherman Way sits at the center of a corridor undergoing meaningful transformation. This is an opportunity to secure a strategically located site with multiple potential pathways to value creation — whether through adaptive reuse, full redevelopment, or a phased repositioning strategy.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
14,026 SF
Building Class
C
Year Built
1957
Price
$7,000,000
Price Per SF
$499.07
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
1.06 AC
Opportunity Zone
Yes
Zoning
LAC2
Parking
63 Spaces (4.49 Spaces per 1,000 SF Leased)
Frontage
150’ on Sherman Way
PROPERTY TAXES
| Parcel Number | 2125-036-083 | Improvements Assessment | $1,724,932 |
| Land Assessment | $2,509,045 | Total Assessment | $4,233,977 |
PROPERTY TAXES
Parcel Number
2125-036-083
Land Assessment
$2,509,045
Improvements Assessment
$1,724,932
Total Assessment
$4,233,977
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