$3,450,000
$3,600,000
4.2%For more information regarding the value of a property, please contact us for a free consultation.
0.59 Acres Lot
SOLD DATE : 07/01/2024
Key Details
Sold Price $3,450,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24088578
Sold Date 07/01/24
HOA Y/N No
Year Built 1972
Lot Size 0.585 Acres
Property Description
Huge Price Reduction! Reseda Roscoe Professional Building is a 19,694 medical/office building located at 8345 Reseda Blvd., in Northridge, CA, within the San Fernando Valley designated market area. This asset is a great owner/user opportunity and also gives investors the opportunity to purchase at a huge value add
opportunity through soft repositioning and long term leasing strategies. Originally built in 1972, the Property contains a multi-tenant office building,
consisting of 24 office and medical spaces, situated on 0.59 acres with 39 surface parking spaces. Centrally located between the 118 fwy (4.5 miles)
and the 101 fwy (3.5 miles) providing easy access for clients and patients throughout the greater Los Angeles area. The building is centrally located
between the highly affluent areas of Sherwood Forest, Tarzana, Chatsworth and Porter Ranch. Reseda Roscoe Professional Building offers a significant value add via adaptive re-use with the possibility to convert to restaurant (RPBA Eligible Area). Reseda Roscoe Professional Building benefits from its
location within a SBA Hub Zone.
Location
State CA
County Los Angeles
Area Nr - Northridge
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Sewer Connected
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 2785018006
Acceptable Financing Cash, Government Loan
Listing Terms Cash, Government Loan
Financing Cash
Special Listing Condition Standard
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