5950 Cedros Ave
Van Nuys, CA 91411
Vacant Office Building and Residential Home · Office Property For Sale

Marcus & Millichap is pleased to present 5946-5950 Cedros Avenue, Van Nuys CA 91411. This versatile campus features a vacant, multi-level, office building with approximately 15,944 square feet, and a vacant accessory residential dwelling unit with approximately 858 square feet. This is truly a developer's dream with combined land area of 0.70 acres located at the border of Sherman Oaks and Van Nuys. The property lies within a Transit Priority Area (TOC Tier 2) providing additional incentives to builders. Seller financing is available with a down payment of at least 40% of the sales price. 5950 North Cedros Avenue is an office building containing over 40 private offices, classrooms, bathrooms, shower facilities, reception area, and a cafeteria. The roof was replaced two years ago and new copper plumbing has been installed. There is heavy power supply providing 800 amps and 240 volts, and this structure is readily divisible into three units. The adjacent residential home at 5946 North Cedros Avenue is move-in ready and sits on a separate land parcel zoned RD2. There is an opportunity to add more residential units on this parcel. This neighborhood has solid demographics with approximately 284,840 residents within a three-mile radius and average household income of $91,517. Traffic counts are over 24,000 vehicles per day along Oxnard Street. Approximately 34% of the population hold either Bachelor's or Graduate degrees. This property enjoys convenient access to the 101, 170, and 405 freeways, as well as the Metro Orange Line bus station and MetroLink rail station. Van Nuys City Hall, Courthouses, and other Government offices are within easy walking distance.