Fully Occupied Sylmar Shopping
13185 Gladstone Avenue Sylmar, CA 91342
13185 Gladstone Avenue, Sylmar, CA, 91342
$3,500,000
Prime investment: fully occupied neighborhood shopping center in Sylmar, California.
Property Size5,000 SF
Lot Size0.31 Acres
Price / SF$700
AddedApr 1
Days on Market106
Last RefreshJul 5 at 7:01 am
Property Features for 13185 Gladstone Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1982
Listing office JohnHart Real Estate (818) 246-1099
Listing date Apr 1, 2026
Source Compass
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 JohnHart Real Estate
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a fully occupied neighborhood shopping center in Sylmar. Constructed in 1982, the one-story retail center consists of approximately 5,000 square feet situated on a 13,389 square foot lot (0.31 acres). The property has favorable LAC4 zoning, offering long-term investment potential and flexibility in a growing Los Angeles submarket. The center is comprised of five established tenants, providing immediate cash flow and a diversified income stream. The property has been maintained to support multiple tenant uses and benefits from consistent day-to-day consumer activity generated by both the tenant mix and surrounding neighboring businesses. Strategically positioned in a high-visibility corridor with convenient access to major streets and freeways, the property benefits from strong local traffic, accessibility, and continued tenant demand. The center is surrounded by dense residential neighborhoods and complementary retail and service-oriented businesses that help support long-term occupancy stability. The property features 13 on-site parking spaces, functional ingress/egress, and an efficient layout that accommodates a variety of retail and commercial uses. This offering presents an attractive opportunity for investors seeking a stabilized retail asset with reliable in-place income and future upside through rental growth and market appreciation.
Key Highlights
- Fully occupied shopping center providing immediate cash flow and a diversified income stream from five established tenants.
- Prime location in a high‑visibility corridor with strong local traffic and convenient access to major streets and freeways, surrounded by dense residential neighborhoods.
- Favorable LAC4 zoning offering strong long‑term investment potential and flexibility.
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 | $184.8k | $36.96 |
| − Vacancy | −$19.0k | −$3.81 |
| EGI | $165.8k | $33.15 |
| − OpEx | −$49.7k | −$9.95 |
| NOI | $116.0k | $23.21 |
5,000 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.66M
$1.45M – $1.93M
NOI $116,036 @ 7.0% cap · market cap 3.32%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$101.30M
$88.63M – $118.18M
NOI $7,090,790 @ 7.0% cap · market cap 202.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
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FAQs
What type of property is this?
Shopping center - Prime investment: fully occupied neighborhood shopping center in Sylmar, California.
Where is this shopping center located?
The property is located at 13185 Gladstone Avenue Sylmar, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Fully occupied shopping center providing immediate cash flow and a diversified income stream from five established tenants.; Prime location in a high‑visibility corridor with strong local traffic and convenient access to major streets and freeways, surrounded by dense residential neighborhoods.; Favorable LAC4 zoning offering strong long‑term investment potential and flexibility.
