Mixed-Use Property Near Van
14526 Erwin Street Van Nuys, CA 91411
For Sale
$2,000,000
Mixed-use property with office, retail, and warehouse space available.
Property Size9,500 SF
Lot Size0.16 Acres
Price / SF$210.53
Days on Market890
Property Features for 14526 Erwin Street
General Information
Standard status
Active
Size
9,500 SF
Lot size
0.16 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1929
Listing Agency:
Century 21 Masters
(818) 621-7732
Listed By:
Scott Pinkerton · License #01338387
(818) 621-7732
Source:
Exitrealty
Added: Feb 20, 2024
Changed: Jul 10
Last Checked: Jul 28 at 3:41AM
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 Century 21 Masters
Investment Insights
Based on property information with market context.
This mixed-use property offers approximately 5,000 square feet of space suitable for office, retail, or warehouse operations. The retail area features vaulted ceilings and polished concrete floors. The property is located approximately 200 feet west of Van Nuys Boulevard. Zoned LAC2, the property offers versatile usage options and potential for multi-residential development. This property presents opportunities for both owner-users and developers.
Key Highlights
- Approximately 5,000 SF mixed‑use property suitable for office, retail, or warehouse.
- Versatile LAC2 zoning allows for potential multi‑residential development.
- Located approximately 200ft west of Van Nuys Blvd.
Financial Insights For Warehouse
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 | $152.8k | $16.08 |
| − Vacancy | −$7.3k | −$0.77 |
| EGI | $145.4k | $15.31 |
| − OpEx | −$21.8k | −$2.30 |
| NOI | $123.6k | $13.01 |
9,500 SF · lease $16.08/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,184 @ 7.0% cap · market cap 10.51%
Second Best
Office B
$2.97M
$2.60M – $3.46M
NOI $207,662 @ 7.0% cap · market cap 10.38%
Theoretical Best
Office A
$5.09M
$4.45M – $5.93M
NOI $356,038 @ 7.0% cap · market cap 17.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with office, retail, and warehouse space available.
Where is this mixed-use property located?
The property is located at 14526 Erwin Street Van Nuys, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 5,000 SF mixed‑use property suitable for office, retail, or warehouse.; Versatile LAC2 zoning allows for potential multi‑residential development.; Located approximately 200ft west of Van Nuys Blvd.
