8555-8559 Reseda Blvd 3,720 SF 66% Leased Retail Building Northridge, CA 91324 $1,795,000 ($482.53/SF) 6.69% Cap Rate

NOTE - CAP RATE IS PROFORMA.
* 3-Unit Retail Storefront – 2 Long-Term MTM Tenants and 1 Vacant Unit
* High Traffic Frontage, with Over 50’ along Reseda Boulevard boasting 36,000+ Traffic Count
* Building & Lot Size: ±3,720 SF building on approximately 7,800 SF of land
* Additional Income from a Large rooftop billboard leased to Clear Channel through 2027
* Parking & Access - 12 on-site spaces via rear alley plus abundant street parking
* Ownership Flexibility: Ideal for owner-user or investor seeking a rare Valley retail asset with value-add potential
We are pleased to present a 3-unit retail storefront property on Reseda Boulevard in Northridge, California. The property has over 50’ of frontage directly on Reseda Boulevard which boasts traffic counts of over 36,000 vpd. The building is 3,720± square feet situated on approximately 7,800 square feet of land. There are 3 total units, 2 of which are occupied by long-term tenants currently on a month-to-month or very short term leases, while the middle unit is currently vacant. There is also a large billboard mounted on the roof, which is currently leased to Clear Channel until the end of 2027.
For ease of ingress and egress, there is an alley to the rear which makes for easy access to the 12 on-site parking spaces. Additionally, there is plenty of street parking as the neighboring streets are primarily single-family residences.
This is an ideal acquisition for an owner-user seeking to occupy one unit and continue leasing the rest or have the flexibility to occupy a larger footprint. Also for an investor seeking to add value by purchasing a rare valley retail asset.