Built in 1956, this property consists of roughly 7,000 SF of retail divided into 4 units and is located one block from the intersection of Devonshire Street & Topanga Canyon Boulevard.This offering presents the investor an ideal value-add opportunity with potential for redevelopment. With one vacancy and three current month-to-month tenants, retail market rents can be achieved immediately with a pro forma CAP rate of 6.95% at the asking price.The lot is 12,498 SF zoned {Q}C2-2D in a Tier 1 TOC. Chatsworth is a neighborhood in the Northwestern San Fernando Valley noted for it's exclusive population density and relatively high income. The subject property has a walk score of 76 and the location allows for a quick commute via the Chatsworth Metro and Topanga Canyon Blvd.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
