|Price/Rent PSF||$ 825,000.00|
|SQ. FT. Available||4,400|
Sylmar is a neighborhood in the city of Los Angeles in the San Fernando Valley region of Los Angeles County. The neighboring communities are Granada Hills, Lake View Terrace, Kagel Canyons, Mission Hills, Pacoima, San Fernando, Santa Clarita, Tujunga Canyons and Unincorporated Santa Susana Mountains. The property is located amongst mostly commercial and residential properties, but the city of Sylmar recently enacted a new ordinance adopting a mixed use overlay in the subject property’s zone.
The Subject Property is an approximately 4,400 square foot(1) multi-tenant office and warehouse building, built in 1983, and located on Paddock Street near San Fernando Road in Sylmar, California. The property is a two-story seven unit office commercial building zoned C2, which allows for a wide range of commercial uses. The building has seven office units, each with their own bathrooms, and units 8A through 8D which serve as garage units. The building is completely vacant and will be delivered free of any tenant encumbrances. This is ideal for an owner-user or investors looking to add value by remodeling and providing a façade upgrade.
The property is located conveniently off the 5-freeway in close proximity to Polk street and one parcel off San Fernando Road. Sylmar is located at the juncture of the 5 freeway, the 405 and near the 210 freeway, making the area the ideal destination for most LA County travel. The property is tucked away behind a larger shopping center and provides additional privacy through a gated fence in the driveway.
In San Fernando Valley, it’s rare to find an affordably priced multi-tenant office building, much less one with seven units at an $825,000 list price.