5950 Cedros Ave
Van Nuys, CA 91411
Office Building · Property For Lease

Marcus & Millichap is pleased to present 5946-5950 Cedros Avenue, Van Nuys CA 91411. Owner will build to suit, and lease rate is negotiable depending upon length of term and renovations required by tenant. For minimal TI's, the landlord will consider rent at $1.70/SF. A lease-option to purchase or straight purchase will also be considered. 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. There are 24 parking spaces. This is a rare office property 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). Tenant or Buyer to independently verify square footage and acreage. 5950 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 Cedros Avenue is move-in ready and sits on a separate land parcel zoned RD2. 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.