21824 Devonshire Street

    Chatsworth, CA 91311
    • $1,600,000
    • STATUS: Active
    • ON SITE: 13 days
    • ID#: 20576448
    Price Reduced
    UPDATED: 76 min ago
    $1,600,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T10:25:57.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/105814680

    21824 Devonshire Street Chatsworth, CA 91311

    • Price: $1,600,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: 20576448
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    Neighborhood:
    CHT - Chatsworth
    County:
    Los Angeles
    Area:
    CHT - Chatsworth
    Property Description
    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.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet View City Lights View YN Yes

    Property Features

    Special Listing Conditions Standard Zoning [Q]C2-2D

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T10:25:57.61. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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