Retail Storefront
7137 Owensmouth Avenue Canoga Park, CA 91303
7137 Owensmouth Avenue, Canoga Park, CA, 91303
$800,000
For Sale
$800,000
Retail storefront for sale on Owensmouth Avenue in Canoga Park, CA.
Property Size1,250 SF
Price / SF$640
Days on Market1004
Property Features for 7137 Owensmouth Avenue
General Information
- Standard status
- Active
- Size
- 1,250 SF
Building Details
- Year Built
- 1949
Listing agency
Keller Williams Exclusive Properties
(310) 955-8755
Listed by
James Kim · License #01474579
(310) 955-8755
Source
Compass
Added: Oct 22, 2023 Updated: Jul 21 at 7:48AM Checked: Jul 21 at 7:48AM
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 Keller Williams Exclusive Properties
Investment Insights
Based on property information with market context.
This retail storefront property is offered for sale and presents an opportunity for an owner-operator or investor. The property is located at 7137 Owensmouth Avenue and is being marketed for sale for the first time in over 30 years.
Situated in Canoga Park, the space is positioned for convenient local access, with visibility intended to support neighborhood retail activity. The offering includes the existing retail configuration currently in place at the address.
With an indicated size of 1,250 square feet, this storefront format can serve a variety of retail concepts subject to applicable approvals and tenant requirements.
Situated in Canoga Park, the space is positioned for convenient local access, with visibility intended to support neighborhood retail activity. The offering includes the existing retail configuration currently in place at the address.
With an indicated size of 1,250 square feet, this storefront format can serve a variety of retail concepts subject to applicable approvals and tenant requirements.
Key Highlights
- Retail storefront for sale on Owensmouth Avenue in Canoga Park, CA
- Located at 7137 Owensmouth Ave in the heart of Canoga Park
- Built in 1949
Local Financial Insights For Retail
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 | $46.2k | $36.96 |
| − Vacancy | −$4.8k | −$3.81 |
| EGI | $41.4k | $33.15 |
| − OpEx | −$12.4k | −$9.95 |
| NOI | $29.0k | $23.21 |
1,250 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$414.4K
$362.6K – $483.5K
NOI $29,009 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$25.32M
$22.16M – $29.54M
NOI $1,772,697 @ 7.0% cap · market cap 221.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Retail storefront for sale on Owensmouth Avenue in Canoga Park, CA.
Where is this storefront property located?
The property is located at 7137 Owensmouth Avenue Canoga Park, CA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Retail storefront for sale on Owensmouth Avenue in Canoga Park, CA; Located at 7137 Owensmouth Ave in the heart of Canoga Park; Built in 1949
