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18812 Parthenia St 5,720 SF 100% Leased Retail Building Northridge, CA 91324 $3,195,000 ($558.57/SF) 6.52% Cap Rate
Investment Highlights
- Front Unit has an Office and Could be Used by Owner/User
- Separately Metered for Electric. Tenants Contribute to Water
- Street to Street Lot with Security Gate at Both Entrances
- Multiple Long Term Tenants
- Licensed Spray Booth
- Paved Center Drive Way
Executive Summary
Auto Body Center with multple long term tenants on month-tomonth
leases. There are approximately 11 bays, 8 ground level
roll-ups, and a licensed spray booth. There are no inground lifts.
Electric is separately metered, tenants pay for their own trash
removal, and contribute to the water expense. The property has
high visibility and is in a row of auto repair/collision centers
servicing national accounts. Parthenia and Wilbur has a 2025
Traffic count of 32,533 cars per day - CoStar. The property has a
history of consistent annual rent increases. The building was
constructed with reinforced concrete in 1988.
leases. There are approximately 11 bays, 8 ground level
roll-ups, and a licensed spray booth. There are no inground lifts.
Electric is separately metered, tenants pay for their own trash
removal, and contribute to the water expense. The property has
high visibility and is in a row of auto repair/collision centers
servicing national accounts. Parthenia and Wilbur has a 2025
Traffic count of 32,533 cars per day - CoStar. The property has a
history of consistent annual rent increases. The building was
constructed with reinforced concrete in 1988.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$271,272
|
$47.43
|
| Other Income |
$5,400
|
$0.94
|
| Vacancy Loss |
$8,300
|
$1.45
|
| Effective Gross Income |
$268,372
|
$46.92
|
| Taxes |
$41,216
|
$7.21
|
| Operating Expenses |
$18,827
|
$3.29
|
| Total Expenses |
$60,043
|
$10.50
|
| Net Operating Income |
$208,329
|
$36.42
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $271,272 |
| Annual Per SF | $47.43 |
| Other Income | |
|---|---|
| Annual | $5,400 |
| Annual Per SF | $0.94 |
| Vacancy Loss | |
|---|---|
| Annual | $8,300 |
| Annual Per SF | $1.45 |
| Effective Gross Income | |
|---|---|
| Annual | $268,372 |
| Annual Per SF | $46.92 |
| Taxes | |
|---|---|
| Annual | $41,216 |
| Annual Per SF | $7.21 |
| Operating Expenses | |
|---|---|
| Annual | $18,827 |
| Annual Per SF | $3.29 |
| Total Expenses | |
|---|---|
| Annual | $60,043 |
| Annual Per SF | $10.50 |
| Net Operating Income | |
|---|---|
| Annual | $208,329 |
| Annual Per SF | $36.42 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
5,720 SF
Building Class
C
Year Built
1988
Price
$3,195,000
Price Per SF
$558.57
Cap Rate
6.52%
NOI
$208,329
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.30 AC
Zoning
M1 - Industrial Commercial
Parking
15 Spaces (3.37 Spaces per 1,000 SF Leased)
Frontage
50’ on Parthenia St
Walk Score®
Very Walkable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2785-001-080 | Total Assessment | $1,195,206 (2025) |
| Land Assessment | $612,928 (2025) | Annual Taxes | $41,216 ($7.21/SF) |
| Improvements Assessment | $582,278 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2785-001-080
Land Assessment
$612,928 (2025)
Improvements Assessment
$582,278 (2025)
Total Assessment
$1,195,206 (2025)
Annual Taxes
$41,216 ($7.21/SF)
Tax Year
2026
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18812 Parthenia St
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