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29261824
29261825

8707 Lindley Ave, Los Angeles, CA 91325

DG
CA 01837493
CBM1 West Los Angeles
Listed by CBM1 West Los Angeles
$4,500,000
165 days on market
Updated 72 days ago

Elie's Village

Details
APN 2769-019-044
Property Type Retail
Sub Type Shopping Center
Square Footage 11,050
Units 9
Cap Rate 5.03%
NOI $226,374
Occupancy 92.5%
Tenancy Multi
Brand/Tenant 7-Eleven
Lease Type NNN
Pro-Forma Cap Rate 6.63%
Pro-Forma NOI $298,545
Price per SqFt $407
Broker Co-Op Yes
Class C
Year Built 1986
Buildings 1
Stories 1
Lot Size (SqFt) 19,166
Zoning C2
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 5.03% CAP | 11,050 SqFt

Marketing description

Value-add neighborhood shopping center FOR SALE – Near CSUN: $4,500,000

Exceptional investment opportunity in the heart of Northridge. This well-located neighborhood shopping center sits just half a mile from California State University, Northridge (CSUN)—one of the largest universities in California with nearly 40,000 students and faculty generating steady traffic and demand for daily-needs retail.

Positioned at the signalized northwest corner of Parthenia Street and Lindley Avenue, the property benefits from strong visibility, high vehicular traffic counts, and convenient access from both major corridors. The center totals approximately 11,050 square feet of building area, situated on a 19,166-square-foot lot, offering an efficient site layout and excellent curb appeal.

The property includes 20 on-site parking spaces, providing ample customer parking and enhancing the shopping center’s accessibility. Surrounded by dense multifamily housing—including a high concentration of student-oriented residential communities—the location supports a consistent consumer base year-round.

The property is prominently positioned at the northwest corner of Parthenia Street and Lindley Avenue, one of Northridge’s most active neighborhood intersections, offering exceptional visibility and convenient access. Ideally situated just half a mile from California State University, Northridge (CSUN)—a major economic driver with over 38,000 students—the center benefits from strong daily traffic and continuous demand from nearby multifamily housing, including numerous student-oriented communities. Built in 1986, the asset is supported by a robust demographic profile, with approximately 99,389 residents and an average household income of $103,457 within a 2-mile radius. The location provides outstanding regional connectivity via the 118, 101, and 405 Freeways, making it easily accessible to both local residents and the broader San Fernando Valley. This highly desirable infill location positions the center to capture consistent retail demand and long-term tenant stability

Investment highlights

  • Value-Add Investment Opportunity
  • Cap Rate 5.03%
  • NOI $226,376
  • Proforma CAP Rate 6.66%
  • Proforma NOI $298,545.72
  • NNN Lease Investment
  • Situated on a Major Signalized Intersection — Lindley + Parthenia
  • 9-Unit Center
  • 11050 SF Building On 19,166 SF Lot
  • Built in 1986
  • Superbly Located in Prime Northridge
  • Well maintained 7-11 anchored center
  • ± 800 sf retail/office space available
  • Signalized intersection
  • High traffic intersection with 30k cpd
  • 1/2 mile from cal state northridge
  • Great demographics
  • 1mile
  • 24,345 people
  • $74,413 avg hh income
  • 3 mile
  • 215,600 people
  • $83,113 avg hh income
  • Value-add investment opportunity
  • Cap rate 5.03%
  • Noi $226,376
  • Proforma cap rate 6.66%
  • Proforma noi $298,545.72
  • Nnn lease investment
  • Situated on a major signalized intersection — lindley + parthenia

Listing Contacts

DG
CA 01837493
CBM1 West Los Angeles
Listed by CBM1 West Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$226,374.00
$18,864.50/mo

Valuation Metrics

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DSCR
5.03%
Cap Rate
5.03%
ROI

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