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19740 Sherman Way 4,005 SF 100% Leased Retail Building Winnetka, CA 91306 $2,050,000 ($511.86/SF) 4.36% Cap Rate
Investment Highlights
- Cell Tower Income
- Prime Location
- Three Commercial Units
Executive Summary
Rare Investment Opportunity in Winnetka – 3-Unit Commercial Property with Cell Tower Income! A unique commercial investment located in the heart of Winnetka, featuring three fully functional commercial units and a profitable cell tower lease—a rare and highly sought-after asset for savvy investors.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$121,591
|
$30.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,229
|
$1.56
|
| Effective Gross Income |
$115,362
|
$28.80
|
| Taxes |
$23,229
|
$5.80
|
| Operating Expenses |
$3,000
|
$0.75
|
| Total Expenses |
$26,229
|
$6.55
|
| Net Operating Income |
$89,133
|
$22.26
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $121,591 |
| Annual Per SF | $30.36 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,229 |
| Annual Per SF | $1.56 |
| Effective Gross Income | |
|---|---|
| Annual | $115,362 |
| Annual Per SF | $28.80 |
| Taxes | |
|---|---|
| Annual | $23,229 |
| Annual Per SF | $5.80 |
| Operating Expenses | |
|---|---|
| Annual | $3,000 |
| Annual Per SF | $0.75 |
| Total Expenses | |
|---|---|
| Annual | $26,229 |
| Annual Per SF | $6.55 |
| Net Operating Income | |
|---|---|
| Annual | $89,133 |
| Annual Per SF | $22.26 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,005 SF
Building Class
C
Year Built
1956
Price
$2,050,000
Price Per SF
$511.86
Cap Rate
4.36%
NOI
$89,283
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.36 AC
Zoning
C4 - Commercial
Parking
6 Spaces (1.49 Spaces per 1,000 SF Leased)
Frontage
60’ on Sherman Way
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Crown Castle/Cell Tower
- Services
- 900 SF
- $3.66
- Jun 2043
- Sophia/Iris
- Services
- 1,100 SF
- $2.22
- Jul 2030
- Yolandas Bakery
- Retailer
- 2,000 SF
- $2.02
- Oct 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Crown Castle/Cell Tower | Services | 900 SF | $3.66 | Jun 2043 | ||
| Sophia/Iris | Services | 1,100 SF | $2.22 | Jul 2030 | ||
| Yolandas Bakery | Retailer | 2,000 SF | $2.02 | Oct 2030 |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2135-016-008 | Total Assessment | $770,714 (2025) |
| Land Assessment | $370,247 (2025) | Annual Taxes | $23,229 ($5.80/SF) |
| Improvements Assessment | $400,467 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
2135-016-008
Land Assessment
$370,247 (2025)
Improvements Assessment
$400,467 (2025)
Total Assessment
$770,714 (2025)
Annual Taxes
$23,229 ($5.80/SF)
Tax Year
2024
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19740 Sherman Way
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