Property Listing No Longer Available for Sale

13476 Van Nuys Blvd., Pacoima, CA

Retail for Sale - $1,695,000 - 7,875 Sq. Ft. on 0.38 acres


Property Info

CIMLS#873844
Location
  13476 Van Nuys Blvd.
  Pacoima CA 91331
UpdatedApril 14th, 2016
TypeRetail
Price$1,695,000
Building7,875 Sq. Ft.
Land0.38 acres

Property Description

This multi-tenant retail property consists of an approximate 7,875 SF Strip Retail Building & 2 single family 3 bedroom/2 bathroom residence on a 16,480 SF C2 zoned lot. The offering has excellent frontage with approximately 110 FT along Van Nuys Blvd & approximately 150 along Kewen Ave. It is located at the signalized northeast corner of Van Nuys Blvd. & Kewen Ave. Van Nuys Blvd. is considered one of the major commercial thoroughfares in the San Fernando Valley with an approximate car count of 30,000 cars per day.

The retail tenants consist of a TV Repair Store, a Traffic School, a Photo Studio (which subleases a portion of their space to a Barber Shop), and one vacancy. The property also consists of 2 single family residences, one of which is a section 8 tenant. The site also offers additional income via the billboard on top of the roof of the retail building. Each tenant is currently on a month to month lease except for the Billboard which is on a lease thru February 2018 with a 20 year option.

The property is situated less than a block north of the United states Postal Service Office & Pacoima Neighborhood City Hall and about 1/2 mile north of the 5 Freeway.

The trade area benefits from strong population demographics, with over 39,000 people residing within a one mile radius and over 265,000 people residing within a 3 mile radius.

This offering will attract an investor who is looking for a signalized corner located retail property with a good tenant mix and upside in rents in an area with strong demographics.

Location Description:

The property is located on the northeast corner of Van Nuys Blvd. & Kewen Ave, Van Nuys Blvd. is a major commercial Thoroughfare in the San Fernando Valley with an approximate car count of 30,000 cars per day.

The property is situated less than a block north of the United states Postal Service Office & Pacoima Neighborhood City Hall and about 1/2 mile north of the 5 Freeway.

The trade area benefits from strong population demographics, with over 35,000 people residing within a one mile radius and over 265,000 people residing within a 3 mile radius.

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