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13545-13557 Van Nuys Blvd Pacoima, CA 91331

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For Sale
$7,500,000

Retail/office center with value-add potential in Pacoima, CA.

Building Details

Year built
1992

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Listing Contact
Michael Chang
Source: Svn

Listing Agent: Michael Chang

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Pacoima Retail/Office Value-Add Opportunity

Located on Van Nuys Boulevard in Pacoima, the Pacoima Skills Center operates primarily as a class B retail property with permitted office use due to C2 zoning. The center spans over 1.15 acres and provides approximately 100 surface parking spaces, a ratio of 3.3 per 1000 square feet. The property includes 30,300 square feet of building area divided between two two-story structures. Currently operating at 75% occupancy, the primary tenant is the Los Angeles County Probation Office, with The Chrysalis Center, a non-profit organization, as the second-largest tenant. The property is well-maintained, with minor exterior deferred maintenance. This investment property presents a value-add opportunity to lease up vacancies and increase rental rates to market levels. Pacoima, the oldest neighborhood in the northern San Fernando Valley, is bordered by Mission Hills, Arleta, Sun Valley, Lake View Terrace, and the city of San Fernando. The property is near the 5, 118, 210, 405, and 170 highways, providing access to Los Angeles County. With approximately 200 feet of frontage on Van Nuys Boulevard, it is centrally located in the city's downtown district near Pacoima's city hall and public library. The property may be suitable for an owner/user, with possible SBA financing available.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Shopping centers

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

California DMV Now Kiosk, Coin Cloud Bitcoin ATM, Coin Time Bitcoin ATM

Location Insight

  • Map
  • Local Demand
City
Pacoima
County
Los Angeles
State
California
Longitude
-118.4285
Latitude
34.26171

FAQs

What type of property is this?
Shopping center - Retail/office center with value-add potential in Pacoima, CA.
Where is this shopping center located?
The property is located at 13545-13557 Van Nuys Blvd Pacoima, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: - Value-add opportunity with **20% vacancy lease-up potential and 26% rental upside.**; - Major credit tenant: Los Angeles County Probation Office.; - Located on **highly trafficked Van Nuys Boulevard with approximately 200 feet of frontage.**
More about this property
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