Freestanding Commercial
18650 Parthenia St Northridge, CA 91324
18650 Parthenia St, Northridge, CA, 91324
$980,000
For Sale
$980,000
Single-story masonry building with gated parking, covered storage, and flexible CM-1VL zoning for office, medical, retail, or light industrial use.
Property Size2,218 SF
Lot Size0.12 Acres
Price / SF$441.84
Days on Market25
Property Features for 18650 Parthenia St
General Information
- Standard status
- Active
- Size
- 2,218 SF
- Lot size
- 0.12 Acres
- Property subtype
- Vacant-User
Building Details
- Year Built
- 1963
Listing agency
Marcus & Millichap
(818) 212-2820
Listed by
Hannah Zager · License #License(s): CA: 02140677
(818) 212-2820
Source
Marcusmillichap
Added: Jun 28 Updated: Jul 10 at 4:02PM Checked: Jul 22 at 2:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap
Investment Insights
Based on property information with market context.
This freestanding commercial property at 18650 Parthenia Street is a single-story masonry building constructed in 1963. The building includes an approximately 2,218-square-foot main structure plus an estimated 890-square-foot covered storage area that is not included in the stated building square footage. Gated on-site parking accommodates approximately six vehicles, and the property features a pylon sign along Parthenia Street for street visibility.
The property sits on an approximately 0.12-acre parcel and is positioned for direct street exposure. It is zoned [Q] CM-1VL, which supports a broad range of commercial and light industrial uses, giving an owner-user the flexibility to match the property to their operating needs.
Delivered vacant at close of escrow, the building is ready for immediate occupancy and can support a variety of tenant types, including office, medical, light industrial, retail, or service-based businesses. The combination of gated parking, covered storage, and an efficient single-story layout can be useful for operations that need convenient on-site staging, reliable customer or staff access, and adaptable space under the property’s zoning.
The property sits on an approximately 0.12-acre parcel and is positioned for direct street exposure. It is zoned [Q] CM-1VL, which supports a broad range of commercial and light industrial uses, giving an owner-user the flexibility to match the property to their operating needs.
Delivered vacant at close of escrow, the building is ready for immediate occupancy and can support a variety of tenant types, including office, medical, light industrial, retail, or service-based businesses. The combination of gated parking, covered storage, and an efficient single-story layout can be useful for operations that need convenient on-site staging, reliable customer or staff access, and adaptable space under the property’s zoning.
Key Highlights
- Single‑story 2,218 SF commercial building built in 1963 with masonry construction
- Approximately 0.12‑acre parcel includes an estimated 890 SF covered storage area (not included in building SF)
- Gated on‑site parking for approximately six vehicles
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $86.2k | $38.88 |
| − Vacancy | −$16.0k | −$7.23 |
| EGI | $70.2k | $31.65 |
| − OpEx | −$17.5k | −$7.91 |
| NOI | $52.6k | $23.74 |
2,218 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$752.1K
$658.1K – $877.5K
NOI $52,647 @ 7.0% cap · market cap 5.37%
Second Best
Industrial
$393.6K
$344.4K – $459.2K
NOI $27,553 @ 7.0% cap · market cap 2.81%
Theoretical Best
Multifamily LT 5
$44.94M
$39.32M – $52.42M
NOI $3,145,474 @ 7.0% cap · market cap 320.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Wadi rum catering — 19200 Nordhoff St, Northridge, CA 91324
- Mr. Ardi's Catering — 104 91330 19441unit, Business Ctr Dr, Northridge, CA 91324
- Pit Stop BBQ LLC — Northridge, CA 91324
- La's crepes — 9151 Reseda Blvd, Northridge, CA 91324
- Mona Lisa Catering — 19209 Parthenia St, Northridge, CA 91324
FAQs
What type of property is this?
Flex space - Single-story masonry building with gated parking, covered storage, and flexible CM-1VL zoning for office, medical, retail, or light industrial use.
Where is this flex space located?
The property is located at 18650 Parthenia St Northridge, CA.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Single‑story 2,218 SF commercial building built in 1963 with masonry construction; Approximately 0.12‑acre parcel includes an estimated 890 SF covered storage area (not included in building SF); Gated on‑site parking for approximately six vehicles
