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    21824 Devonshire St

    Chatsworth, CA 91311
    • $1,600,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 20-576448
    UPDATED: 55 min ago
    $1,600,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    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 the Combined LA/Westside Multiple Listing Service as of 2020-07-12T21:42:34.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105813680
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    21824 Devonshire St Chatsworth, CA 91311

    • Price: $1,600,000
    • Status: Active
    • Updated: 55 min ago
    • ID#: 20-576448
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Chatsworth
    County:
    Los Angeles
    Area:
    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 Area 12498 View Description City View YN Yes

    Property Features

    Cable YN Yes Hoa Fee1 0.00 Sale Type Standard Source Lot Size Area Assessor Zoning [Q]C2-2D

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-12T21:42:34.687. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355