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$1,350,000
Est. payment /mo
4,255 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26084948
HOA Y/N No
Year Built 2006
Lot Size 4,255 Sqft
Property Sub-Type Retail
Property Description
We are pleased to present an excellent opportunity to acquire a newer built Retail & Office mixed-use investment property located in the heart of San Fernando. Situated at 1108 5th Street, this newer construction (2006) two-story building totals approximately 2,396 square feet on a 4,254 square foot lot and features an efficient layout with three street-level retail units, each approximately 350 square feet, complemented by small incubator-style office suites on the second floor.
The property offers strong tenant appeal with flexible unit sizes ideal for local businesses, startups, and service-oriented users. The smaller unit configurations provide an affordable entry point for tenants, resulting in a broader tenant pool, reduced vacancy risk, and historically strong leasing demand.
One retail unit is currently vacant, presenting immediate upside through lease-up or the potential for an owner-user to occupy. The asset benefits from its central location within an active commercial corridor, offering close access to the 5, 118 & 210 freeways, visibility, and close proximity to surrounding amenities, schools and medical facilities. This property is an attractive investment opportunity with both stable income and value-add potential at an affordable price point. Several units are currently leased below market, providing additional upside through rent growth and repositioning.
The property offers strong tenant appeal with flexible unit sizes ideal for local businesses, startups, and service-oriented users. The smaller unit configurations provide an affordable entry point for tenants, resulting in a broader tenant pool, reduced vacancy risk, and historically strong leasing demand.
One retail unit is currently vacant, presenting immediate upside through lease-up or the potential for an owner-user to occupy. The asset benefits from its central location within an active commercial corridor, offering close access to the 5, 118 & 210 freeways, visibility, and close proximity to surrounding amenities, schools and medical facilities. This property is an attractive investment opportunity with both stable income and value-add potential at an affordable price point. Several units are currently leased below market, providing additional upside through rent growth and repositioning.
Location
State CA
County Los Angeles
Area Sf - San Fernando
Interior
Fireplace No
Laundry None
Exterior
Total Parking Spaces 8
Building
Lot Description 2-5 Units/Acre
Story 2
Water Public
Others
Tax ID 2518009003
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Kirk Garabedian Keller Williams R. E. Services 818-298-8810, DRE #01216376
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