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9925 Balboa Blvd 3,972 SF Retail Building Northridge, CA 91325 $1,895,000 ($477.09/SF) 3.60% Cap Rate
Investment Highlights
- Large 17,289 SF Lot / .40 Acre
- Next to Major Intersection
- 100% Occupied with Long Time Tenant
- Excellent North Central San Fernando Valley
- Development Opportunity: ZI - 2512 Housing Element Investory
- Existing Rental Income During Entitlement Process
Executive Summary
Free-Standing commercial building currently occupied by a
regional wholesale distributor serving retail stores. There are five ground level roll up bays,
gated storage area, and a concrete block storage shed 10' long
and 8'6" tall. Plentiful open lot parking for approximately 15-20 spaces. Store
was formerly used by a Just Tires store. Property has good
access from the street and can also be reached by a side alley.
First time on market in 100 years. Current tenants lease runs through 7/31/32 and has a monthly rent increase to $7,260 on 8/1/28
The property has been identified by the City of Los Angeles in its
Housing Element Inventory of Adequate Sites (ZI-2512), which
identifies sites that the City has determined may accommodate
additional residential development under its Housing Element
methodology. To see the list and details about the property go to: ZIMAS - City
of Los Angeles website, under Planning and Zoning Information,
the property is included in ZI-2512 Housing Element Site,
Appendix 4.1 - Inventory of Adequate Sites.
regional wholesale distributor serving retail stores. There are five ground level roll up bays,
gated storage area, and a concrete block storage shed 10' long
and 8'6" tall. Plentiful open lot parking for approximately 15-20 spaces. Store
was formerly used by a Just Tires store. Property has good
access from the street and can also be reached by a side alley.
First time on market in 100 years. Current tenants lease runs through 7/31/32 and has a monthly rent increase to $7,260 on 8/1/28
The property has been identified by the City of Los Angeles in its
Housing Element Inventory of Adequate Sites (ZI-2512), which
identifies sites that the City has determined may accommodate
additional residential development under its Housing Element
methodology. To see the list and details about the property go to: ZIMAS - City
of Los Angeles website, under Planning and Zoning Information,
the property is included in ZI-2512 Housing Element Site,
Appendix 4.1 - Inventory of Adequate Sites.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$79,200
|
$19.94
|
| Other Income |
$18,480
|
$4.65
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$97,680
|
$24.59
|
| Taxes |
$23,646
|
$5.95
|
| Operating Expenses |
$5,800
|
$1.46
|
| Total Expenses |
$29,446
|
$7.41
|
| Net Operating Income |
$68,234
|
$17.18
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $79,200 |
| Annual Per SF | $19.94 |
| Other Income | |
|---|---|
| Annual | $18,480 |
| Annual Per SF | $4.65 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $97,680 |
| Annual Per SF | $24.59 |
| Taxes | |
|---|---|
| Annual | $23,646 |
| Annual Per SF | $5.95 |
| Operating Expenses | |
|---|---|
| Annual | $5,800 |
| Annual Per SF | $1.46 |
| Total Expenses | |
|---|---|
| Annual | $29,446 |
| Annual Per SF | $7.41 |
| Net Operating Income | |
|---|---|
| Annual | $68,234 |
| Annual Per SF | $17.18 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Building Size
3,972 SF
Building Class
B
Year Built
1974
Price
$1,895,000
Price Per SF
$477.09
Cap Rate
3.60%
NOI
$68,234
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.23
Lot Size
0.40 AC
Zoning
LAP: C2-1VL & P-1VL
Parking
15 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
103’ on Balboa Blvd
Amenities
- Pylon Sign
- Signalized Intersection
- Storage Space
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Best Choice Distribution
- Wholesaler
- 3,972 SF
- $19.94
- Modified Gross
- Jul 2032
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Best Choice Distribution | Wholesaler | 3,972 SF | $19.94 | Modified Gross | Jul 2032 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2694-008-021 | Total Assessment | $331,466 (2025) |
| Land Assessment | $105,388 (2025) | Annual Taxes | $23,646 ($5.95/SF) |
| Improvements Assessment | $226,078 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
2694-008-021
Land Assessment
$105,388 (2025)
Improvements Assessment
$226,078 (2025)
Total Assessment
$331,466 (2025)
Annual Taxes
$23,646 ($5.95/SF)
Tax Year
2026
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9925 Balboa Blvd