Fully Occupied Sylmar Shopping
For Sale
$3,500,000
13185 Gladstone, Los Angeles, CA 91342
Prime investment: fully occupied shopping center in Sylmar.
Property Size5,000 SF
Lot Size0.31 Acres
Price / SF$700
Days on Market74
Property Features for 13185 Gladstone
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.31 Acres
Property subtype
Commercial
Building Details
Year Built
1982
Listing Agency:
JohnHart Real Estate
(818) 640-0208
Listed By:
Syuzanna Hakobyan · License #02126702
Source:
Elliman
Added: May 19
Changed: Jul 10
Last Checked: Jul 30 at 7:09AM
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 is comprised of five established tenants. The property consists of approximately 5,000 square feet situated on a 13,389 square foot lot (0.31 acres) with LAC4 zoning. 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. The property features 13 on-site parking spaces, functional ingress/egress, and an efficient layout that accommodates a variety of retail and commercial uses. It is strategically positioned in a high-visibility corridor with convenient access to major streets and freeways, benefiting 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 location has a walk score of 57, indicating it is somewhat walkable, a transit score of 40, indicating some transit options, and a bike score of 17, indicating it is somewhat bikeable.
Key Highlights
- Fully occupied shopping center providing immediate cash flow and a diversified income stream.
- Strategically positioned in a high‑visibility corridor with strong local traffic and convenient access to major streets and freeways.
- Favorable LAC4 zoning offering strong long‑term investment potential and flexibility.
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
712
Businesses Nearby
254k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 32%
Groceries 21%
VONS
Groceries
54,333 visits/mo
0.4 miles
Jack in the Box
Dining
34,689 visits/mo
0.4 miles
Starbucks
Dining
30,534 visits/mo
0.3 miles
dd's DISCOUNTS
Shops & Services
30,117 visits/mo
0.2 miles
Shakey's Pizza Parlor
Dining
18,962 visits/mo
0.3 miles
Demographics for 91342, CA
96,429
Population
26,403
Households
3.7
Avg Household Size
36
Median Age
20%
College-Educated
73%
High-School Grad
45.4 sq mi
ZIP Area
2,124
Density / Sq Mi
$95,480
Median Household Income
$40,351
Median Earnings
$1,965
Median Rent
$641,100
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Prime investment: fully occupied shopping center in Sylmar.
Where is this shopping center located?
The property is located at 13185 Gladstone Los Angeles, 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.; Strategically positioned in a high‑visibility corridor with strong local traffic and convenient access to major streets and freeways.; Favorable LAC4 zoning offering strong long‑term investment potential and flexibility.
