Maclay Street Mixed Use

Highlights

• Upside potential in rental increases for the duplex as moratorium is set to expire in early 2024 with current leases on month to month tenancy.
• Upside potential in rental increases for current below market rents on retail strip center tenants, including the ability to convert to NNN leases upon expiration in early 2024.
• Tremendous upside in monthly billboard income as lease is set to expire in October 2024.

Description

A rare, bite-sized mixed use property, consisting of two (2) structures and a two-sided billboard.
A 2345 SF, multi-tenant strip center fronts Maclay Street and in the rear of the same parcel is a two-story duplex, with an approximate 1443 SF footprint, including a two-car garage, that is divided into two, one car units, one for each tenant of the duplex.

Located at the corner of Maclay Street and Bromont Avenue, just three (3) blocks south of the 210 Freeway, in the City of San Fernando, which is adjacent to Sylmar.

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