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PendingLuxury

$2,300,000

15,002 sqft$153/sqft179 days on market

18446 18452 Sherman Way WAY

Reseda, CA 91335

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

15,002

Square feet

1949

Built

Listing narrative

Description

200K PRICE ADJUSTMENT! A prime 3-UNIT RETAIL STOREFRONT + Billboard. This great investment opportunity is located in the heart of Reseda. 2 Parcels being sold together APN #2125-001-006 & APN #2125-001-005. All three units are fully leased and occupied, with 1 Long-Term Month-to-Month tenant, providing immediate cash flow with flexibility for future repositioning or owner occupancy. Strategically positioned along a high-traffic corridor, the property offers excellent visibility and accessibility within a growing retail submarket. This is an exceptional opportunity for investors seeking stable in-place income with future upside, or for an owner-user looking to establish a presence in a prime Reseda location. Additional features include a large rooftop billboard with potential for added income, rear alley access for easy ingress and egress, approximately 10± on-site parking spaces, and ample street parking. An ideal acquisition for an owner-user looking to occupy one unit while generating income from the remaining spaces, or for an investor seeking to add value with a rare San Fernando Valley retail asset.

Listing agent (MLS): Anna Ambarian · Listing brokerage (MLS): Christie's RE SoCal

Property Details

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Price

$2,300,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Retail

Home Size

15,002 sqft

Baths

Baths n/a

Lot Size

0.34 acres

Year

1949

Status

Pending

Days on Market

179

$ / Sqft

$153

· 8% down, 7% APR, 30yr fixed
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Courtesy of Christie's RE SoCal