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34551650
34551649

17851 Chatsworth St, Granada Hills, CA 91344 For Sale

CC
CA CA 01794409
Apex Properties
Listed by Apex Properties
$4,600,000
5 days on market
Updated 4 days ago

17851 Chatsworth St

Details
APN 2712-030-032
Property Type Retail
Sub Type Shopping Center
Square Footage 8,520
Units 4
Cap Rate 1.30%
NOI $59,849
Occupancy 60%
Tenancy Multi
Lease Type NNN
Pro-Forma Cap Rate 7.40%
Pro-Forma NOI $341,061
Price per SqFt $539
Year Built 2000
Lot Size (SqFt) 17,964
Zoning C1-1XL
Parking Spaces 27 spaces
Parking per 1,000 SqFt 3.17
Investment Type Value Add
Ground Lease No

Prominent Multi Tenant Retail On High Traffic Intersection

Marketing description

The subject property is a well-maintained neighborhood retail center located at 17851 Chatsworth Street, Granada Hills, California. The property benefits from a highly visible hard-corner location at a major signalized intersection with traffic counts exceeding 43,000 vehicles per day, providing exceptional exposure to both vehicular and pedestrian traffic.

Approximately 60% of the gross leasable area is currently vacant or occupied on month-to-month terms, creating a rare opportunity for an owner-user to immediately occupy space while implementing a value-add leasing strategy. The vacant end-cap suite offers excellent frontage and visibility, making it ideal for an owner-user or a new tenant seeking prominent street presence.

The center features 27 on-site parking spaces and is anchored by established professional tenants including a dentist, optometrist, and Edward Jones, providing stability and consistent customer traffic. Ownership has maintained the property in excellent condition with no deferred maintenance, allowing a new owner to focus on occupancy and income growth rather than capital improvements.

The property is situated within the desirable Granada Hills community of the San Fernando Valley, one of the most established residential and commercial submarkets in Los Angeles. The surrounding area is characterized by strong demographics, high homeownership rates, and a stable consumer base that supports neighborhood-serving retail and professional services.

The site's position at a major intersection with over 43,000 average daily vehicle trips provides outstanding visibility and accessibility. Residents benefit from convenient access to nearby freeways, major employment centers, schools, and retail amenities throughout the San Fernando Valley.

The surrounding neighborhood is affluent, with average household incomes exceeding $126,000, supporting strong spending power and long-term tenant demand. Combined with its excellent exposure, established tenant presence, ample parking, and significant leasing upside, the property represents an attractive investment and owner-user opportunity in a highly sought-after Los Angeles submarket.

Investment highlights

  • 59% of leasable area is month to month or vacant.
  • Major intersection with over 43,000 Avg daily traffic count.
  • End cap space on hard corner vacant for owner user or immediate upside.
  • 27 on site Parking spaces.
  • Well seasoned tenants Dentist, Optometrist, Edward Jones.
  • Affluent neighborhood with average HH income of $126,000+
  • Well-maintained building with no deferred maintenance.
  • High-profile building with excellent visibility.

Listing Contacts

CC
CA CA 01794409
Apex Properties
Listed by Apex Properties

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$59,849.00
$4,987.42/mo

Valuation Metrics

0
DSCR
1.3%
Cap Rate
1.3%
ROI

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Additional Information

Name
Chris Comfort
License
CA 01794409
Brokerage
Apex Properties
Title
President
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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