Mixed-Use Property with
For Sale
$1,450,000
14426 Friar St, Van Nuys, CA 91401
Upper-level residence and flexible ground-floor commercial space support combined owner-user or rental configurations.
Property Size3,236 SF
Price / SF$448.08
Days on Market52
Property Features for 14426 Friar St
General Information
Standard status
Active
Size
3,236 SF
Total Parking Spaces
710
Additional Details
Furnished
No
Building Details
Year Built
1925
Buildings
1
Listing Agency:
The Beverly Hills Estates
(818) 379-7700
Listed By:
Danielle Peretz · License #01897529
Source:
Myfabuloushome
Added: Jul 10
Changed: Aug 30
Last Checked: Aug 25 at 5:13AM
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 The Beverly Hills Estates
Investment Insights
Based on property information with market context.
This mixed-use property contains approximately 3,236 sq ft across a two-bedroom, two-bathroom residence and two ground-floor storefronts. The upper-level unit receives natural light, while the commercial spaces can operate independently or be combined. Recent work includes new plumbing and electrical systems, updated framing, and newly installed drywall. The property will be delivered vacant at the close of escrow.
Located near the Van Nuys Courthouse, the property has a street-facing commercial presence and rear parking accommodating approximately 710 vehicles. The existing layout can support retail, office, creative workspace, warehouse, bail bonds, or a combined residential and commercial rental arrangement, subject to applicable verification. The address is 14426 Friar Street, Van Nuys, CA 91401, and the building was constructed in 1925.
Located near the Van Nuys Courthouse, the property has a street-facing commercial presence and rear parking accommodating approximately 710 vehicles. The existing layout can support retail, office, creative workspace, warehouse, bail bonds, or a combined residential and commercial rental arrangement, subject to applicable verification. The address is 14426 Friar Street, Van Nuys, CA 91401, and the building was constructed in 1925.
Key Highlights
- Approximately 3,236 sq ft mixed‑use property
- Upper‑level 2‑bedroom, 2‑bathroom residential unit
- Two ground‑floor storefront spaces with separate or combined use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,595
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,431,900
$1.4M
Cap Rate 7%
$1,022,786
$1.0M
Cap Rate 9%
$795,500
$795.5K
Market Conditions
NOI Build-Up for 3,236 SF
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.
Gross rent
$109.5K $33.84/SF
− Vacancy
−$7.2K −$2.23/SF
EGI
$102.3K $31.61/SF
− OpEx
−$30.7K −$9.48/SF
NOI
$71.6K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,431,900
Cap Rate 7%
$1,022,786
Cap Rate 9%
$795,500
Alternative Uses
Best Use
Retail
$1.02M
$894.9K – $1.19M
NOI $71,595 @ 7.0% cap · market cap 4.94%
Second Best
Mixed Use
$936.1K
$819.1K – $1.09M
NOI $65,529 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,278 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,774
Businesses Nearby
137k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Groceries 25%
Dining 15%
Apparel 9%
Jons Marketplace
Groceries
34,248 visits/mo
0.5 miles
Bank of America
Shops & Services
16,469 visits/mo
0.3 miles
AutoZone
Shops & Services
10,942 visits/mo
0.4 miles
El Pollo Loco
Dining
9,594 visits/mo
0.3 miles
7-Eleven
Shops & Services
8,783 visits/mo
0.0 miles
Demographics for 91401, CA
39,621
Population
15,785
Households
2.5
Avg Household Size
38
Median Age
39%
College-Educated
81%
High-School Grad
3.5 sq mi
ZIP Area
11,320
Density / Sq Mi
$75,933
Median Household Income
$40,119
Median Earnings
$1,800
Median Rent
$988,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-level residence and flexible ground-floor commercial space support combined owner-user or rental configurations.
Where is this mixed-use property located?
The property is located at 14426 Friar St Van Nuys, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Approximately 3,236 sq ft mixed‑use property; Upper‑level 2‑bedroom, 2‑bathroom residential unit; Two ground‑floor storefront spaces with separate or combined use
