8907-8917 Woodman Ave
Panorama City, CA 91402
Prime San Fernando Development Opportunity · Land For Sale · 1.62 AC

Spectrum Commercial Real Estate, Inc., is pleased to present an excellent investment / redevelopment opportunity to acquire a 100% fee simple interest in multi-tenant commercial center that is comprised of two commercial structures on a large commercial parcel. The two structures total approximately 17,160 square feet and situated on approximately 70,611 square feet of land with mixed zoning of C2 and P1 (Buyer to verify zoning and conditions). The subject property is located at 8907 – 8917 Woodman Avenue in Arleta, California, adjacent to the signalized intersection of Woodman Avenue and Osborne Street. It is fully occupied and is comprised of seven (7) commercial units and a large rear fenced lot that is leased. The front facing building boasts a variety of retail businesses, the rear building is occupied by an industrial users and the rear lot is occupied by an outside storage tenant. These efficiently sized units are conducive to high-occupancy, optimal rents, and low lease-up costs, minimizing capital expenditures and cash flow exposures. Located in the center of one of the most culturally and economically diverse neighborhoods in the San Fernando Valley the subject property offers tremendous street visibility, excellent traffic counts, strong demographics, and an impressive daytime population. It is situated in a highly dense East San Fernando Valley area just north of Panorama City Mall which is set to be redeveloped into a seventeen acre mixed use project. Additionally, the subject property surrounded by single-family and multi-family homes, schools and other amenities. It is bordered by Panorama City, Pacoima, Mission Hills, San Fernando and Sun Valley with easy access to the 5, 118, 170 and 405 Freeways.