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18407 Sherman Way 4,900 SF 100% Leased Office Building Reseda, CA 91335 $1,995,000 ($407.14/SF)



Investment Highlights
- Established Banquet & Event Center – Fully Equipped and Ready for Operation • Seating for 250 with dance floor / up to 300 without• Stage and profess
Executive Summary
This versatile, fully equipped banquet and event facility offers an exceptional opportunity for hospitality, catering, community, or institutional use. The main hall features seating for approximately 250 guests with a dance floor or up to 300 guests without, complemented by a built-in stage and professional lighting system—ideal for weddings, receptions, performances, and large gatherings.
A commercial-grade kitchen is designed to support high-volume operations and includes professional stoves and ovens, prep areas, and a walk-in refrigerator, making the property well-suited for catering services or full-service food preparation. The building also provides ADA-compliant restrooms to comfortably accommodate guests.
The upper level offers additional functionality with a large office suite, a spacious common hall area, and a full kitchen and bathroom, creating flexible space for administration, classes, meetings, or staff quarters.
The property includes a second APN dedicated to parking, providing nearly 5000 square feet of designated parking area running the length of the building and extending to the rear wall. Convenient ingress and egress are available via driveways from Canby Street and Darby Street, allowing smooth traffic flow for events and daily operations.
This property presents a rare opportunity for an owner-user, nonprofit organization, religious institution, or event operator seeking a ready-to-use facility with substantial capacity and infrastructure already in place.
There are two APN's sold together, 2119-022-003 is the building with lot size 4500 sq ft. and 2119-022-008 is the parking lot size 5383 sq ft both lots total is 9883 sq ft.
A commercial-grade kitchen is designed to support high-volume operations and includes professional stoves and ovens, prep areas, and a walk-in refrigerator, making the property well-suited for catering services or full-service food preparation. The building also provides ADA-compliant restrooms to comfortably accommodate guests.
The upper level offers additional functionality with a large office suite, a spacious common hall area, and a full kitchen and bathroom, creating flexible space for administration, classes, meetings, or staff quarters.
The property includes a second APN dedicated to parking, providing nearly 5000 square feet of designated parking area running the length of the building and extending to the rear wall. Convenient ingress and egress are available via driveways from Canby Street and Darby Street, allowing smooth traffic flow for events and daily operations.
This property presents a rare opportunity for an owner-user, nonprofit organization, religious institution, or event operator seeking a ready-to-use facility with substantial capacity and infrastructure already in place.
There are two APN's sold together, 2119-022-003 is the building with lot size 4500 sq ft. and 2119-022-008 is the parking lot size 5383 sq ft both lots total is 9883 sq ft.
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Property Facts
Sale Type
Investment
Property Type
Office
Building Size
4,900 SF
Building Class
A
Year Built/Renovated
1954/1997
Price
$1,995,000
Price Per SF
$407.14
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,900 SF
Slab To Slab
10’
Building FAR
0.50
Lot Size
0.23 AC
Zoning
LAP1-1 - Retail Stores (Personal Services, Photography, Travel)
Parking
20 Spaces (4.83 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Very Walkable (88)
Property Taxes
| Parcel Number | 2119-022-003 | Improvements Assessment | $308,296 |
| Land Assessment | $87,936 | Total Assessment | $396,232 |
Property Taxes
Parcel Number
2119-022-003
Land Assessment
$87,936
Improvements Assessment
$308,296
Total Assessment
$396,232
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18407 Sherman Way
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