George M. Paulsin Co.
Listed by George M. Paulsin Co.
$8,210,000
WOODMAN AVENUE CENTER, VAN NUYS, CA
Details
APN 2328-001-001, 010 and 011
Property Type Retail
Sub Type Convenience Store, Restaurant
Square Footage 13,300
Net Rentable (SqFt) 13,300
Cap Rate 2.92%
NOI $239,998
Occupancy 68%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 4.41%
Pro-Forma NOI $362,422
Price per SqFt $617
Broker Co-Op True
Class C
Year Built 1947
Year Renovated 1963
Buildings 5
Stories 1
Lot Size (SqFt) 69,452
Zoning {Q}C2-1VL Commercial Zone
Parking Spaces 58 spaces
Parking Per SqFt 4.36
Investment Type Redevelopment
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A
Redevelopment Opportunity of {Q}C2-1VL Zoned, 3-Parcel + Corner Lots, on 1.59 Acres
Marketing description
Corner location on busy Woodman Avenue thoroughfare. Prime Redevelopment Property. Property is being sold based upon Land Value only, due to highest and best use as a redevelopment property. Great cash flow for Developer to receive during entitlement period.
Investment highlights
Property has 3-Parcels, APN #2328-001-001, 010 and 011 totaling approx. 69,452 square feet (1.59-Acres) and includes 5-Buildings totaling approx. 13,300 square feet with a Liquor Convenience Store, Chicken Restaurant and Auto Repair Center tenancies. This Property is a great future Development opportunity.
Listing Contacts
George M. Paulsin Co.
Listed by George M. Paulsin Co.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$239,998.00
$19,999.83/mo
Valuation Metrics
0
DSCR
2.92%
Cap Rate
2.92%
ROI
Map
Zoning
[Q]C2-1VL CommercialGeneral CommercialQualified Commercial Very Limited Height District
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View all 864 uses
View all 864 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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