5530 Corbin Ave | Tarzana, CA 91356
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- LoopNet Team
5530 Corbin Ave
Tarzana, CA 91356
Corbin Office Center · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Rare ±50,509 SF Courtyard Style Office in Prime Tarzana, CA on a ±27,493 SF Lot; Steps away from Ventura Blvd
- Assumable loan in the amount of approximately $6,500,000 at a 4.22% interest rate
- Opportunity for an investor to construct additional affordable housing units on the adjacent parking lot through ED 1
- Ideal opportunity for investors, owner/users, or developers; Strong cashflow and upside potential
- Property is ED 1 eligible – Conceptual plans for an 80-unit, 100% affordable housing conversion of the existing office building
- Plentiful parking in garage and adjacent parking lot; Parking ratio is 3.0/1,000 SF
PROPERTY FACTS
Property Type
Office
Building Size
50,509 SF
Building Class
B
Year Built
1981
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,836 SF
Building FAR
1.84
Lot Size
0.63 AC
Zoning
C1-1VL, Los Angeles - Commercial - Office
AMENITIES
- Courtyard
- Security System
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 2164-014-008 | Improvements Assessment | $8,893,201 |
| Land Assessment | $1,533,299 | Total Assessment | $10,426,500 |
PROPERTY TAXES
Parcel Number
2164-014-008
Land Assessment
$1,533,299
Improvements Assessment
$8,893,201
Total Assessment
$10,426,500
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