Commercial for Sale – 17020 Chatsworth St, Granada Hills, CA 91344, USA -001-11-30T00:00:00-08:00
The subject property consists of a single story 99 Cent Only Store along with a two story multi-tenant retail / office building. Current 5.28% actual cap rate. The property is located on a corner and enjoys an open parking lot contiguous to the Staples and W
17020 Chatsworth St, Granada Hills, CA 91344, USA
$10,200,000 USD
Pictures
Map
Object Images
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Small Object Image
Contact us
Schedule Tour
Address17020 Chatsworth Street, Granada Hills
Property SubtypeRetail
Price$10,200,000
Property TypeCommercial Sale
Year Built1962
Bedrooms Total0
Living Area43,017 ft2
Listing IDDW17196243
StatusActive
Parcel Number2695001012
Zoning(Q) C1-1VL
Special ConditionsStandard
Days on Market89

Detailed Description: The subject property consists of a single story 99 Cent Only Store along with a two story multi-tenant retail / office building. Current 5.28% actual cap rate. The property is located on a corner and enjoys an open parking lot contiguous to the Staples and Walgreen’s shopping center immediately adjacent. The Subject Property also benefits from excellent visibility, good parking, and strong historical occupancy rates. Currently rents are very low, with an average rent per sq. Ft. Of only $1.49 per sq. Ft. GROSS. By increasing rents to market levels, the investor will realize substantial upside in this investment. DRY CLEANER tenant installed the plant within the last three years with stringent regulation and oversight. Previous to that it was an dry cleaner agency only.

Investment Property

Property added to favorites
Add to Favorite
Mortgage calculator
More Information
Loan
Mortgage
Expert
Loan amount
Loan term
Annual interest rate
First payment date
Amortization period
Calculate
Hide
Address Information
Address17020 Chatsworth Street, Granada Hills
Street SuffixStreet
CityGranada Hills
Location (MLS Area)GH – Granada Hills
County Or ParishLos Angeles
Postal Code Plus45844
CountryUS
Financial Information
Price per Square Foot$237.12
Special ConditionsStandard
Operating Expense$231,773
Gross Scheduled Income$769,956
Net Operating Income$538,183
Effective Gross$769,956
Real Estate Tax Expense$127,500
Tax Year2000
Full Descriptions
Parcel Number2695001012
Detailed DescriptionThe subject property consists of a single story 99 Cent Only Store along with a two story multi-tenant retail / office building. Current 5.28% actual cap rate. The property is located on a corner and enjoys an open parking lot contiguous to the Staples and Walgreen’s shopping center immediately adjacent. The Subject Property also benefits from excellent visibility, good parking, and strong historical occupancy rates. Currently rents are very low, with an average rent per sq. Ft. Of only $1.49 per sq. Ft. GROSS. By increasing rents to market levels, the investor will realize substantial upside in this investment. DRY CLEANER tenant installed the plant within the last three years with stringent regulation and oversight. Previous to that it was an dry cleaner agency only.
Water SourcePublic
Laundry FeaturesNone
Heating DescriptionForced Air
Property parameters
Year Built1962
Living Area (Sq.Ft.)43,017 ft2
Lot Size SourceAssessor
Number of Buildings2
Zoning(Q) C1-1VL
Stories Total2
Water SourcePublic
Land Usage DescriptionRetail
Property SubtypeRetail
Building StatusExisting
Cap Rate (For Cash Payment Only)5.28
Listed withChris Comfort (Apex Properties)