14502 Friar Street , Van Nuys, CA, 91411

14502 Friar Street Van Nuys, CA 91411

14502 Friar Street , Van Nuys, CA, 91411
14502 Friar Street , Van Nuys, CA, 91411
FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,329,000
Last Verified:
Jun 10, 2019

Highlights

  • Price: $1,329,000
  • Building Size: 5,316 SF
  • Price/SF: $250
  • Lot Size: 4,004 SF
  • Property Type/Zoning: Retail/Office/LAC2
  • No. of Stories: 2
  • Year Built 1912/1930

Description

NAI Capital, Inc., is proud to present a prime owner-user/investment opportunity to purchase a unique and rare 2 story office and retail building totaling approximately 5,316 +/- square feet. The Property is situated on an approximately 4,004 square feet of land zoned LAC2, located within the Civic Center area of Van Nuys, California.

There are currently 4 tenants occupying the building and one vacant suite. All leases are month to month and below market rent, providing a buyer with the flexibility to occupy as much space as needed and lease out the balance for rental income.

Van Nuys is bordered on the north by North Hills, on the northeast by Panorama City, on the east by Valley Glen, on the south by Sherman Oaks, on the southwest by the Sepulveda Basin, on the west by Lake Balboa, and on the northwest by Northridge.

Van Nuys is one of the larger neighborhoods in the city of Los Angeles with a population of approximately 110,000. The area hosts nearly 35,400 households with an average household income of about $62,300 annually.


Year Built: 1912
Building Size: 5316.0sq ft
Building Class: C
Lot Size: 0.09 acres

Map of 14502 Friar Street , Van Nuys, CA, 91411

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Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

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"Incentives" are vital today and in the future because:

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