Neighborhood Retail Center With
17851 Chatsworth St Granada Hills, CA 91344
New
For Sale
Contact for pricing
Well-maintained neighborhood retail center at a signalized corner intersection with an endcap suite and 27 on-site parking spaces.
Property Size8,520 SF
Price / SF$539.91
Days on Market4
Property Features for 17851 Chatsworth St
General Information
- Standard status
- Active
- Size
- 8,520 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2000
Listing Agency:
Apex Properties
Listed By:
Chris Comfort · License #CA 01794409
Source:
Crexi
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 25 at 5:58AM
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 Apex Properties
Investment Insights
Based on property information with market context.
The subject property is a well-maintained neighborhood retail center anchored by professional tenants, including a dentist, optometrist, and Edward Jones. The center includes an end-cap suite with strong street frontage and visibility, and approximately 60% of the gross leasable area is currently vacant or on month-to-month occupancy.
Located at 17851 Chatsworth Street in Granada Hills, California, the property benefits from a highly visible hard-corner position at a major signalized intersection. The remarks indicate traffic counts exceeding 43,000 vehicles per day, supporting exposure to both vehicular and pedestrian traffic. The center offers 27 on-site parking spaces.
Ownership has maintained the property in excellent condition with no deferred maintenance identified in the provided information. The current mix of stabilized professional tenancy and available suites presents an owner-user or leasing-focused opportunity to drive occupancy.
Located at 17851 Chatsworth Street in Granada Hills, California, the property benefits from a highly visible hard-corner position at a major signalized intersection. The remarks indicate traffic counts exceeding 43,000 vehicles per day, supporting exposure to both vehicular and pedestrian traffic. The center offers 27 on-site parking spaces.
Ownership has maintained the property in excellent condition with no deferred maintenance identified in the provided information. The current mix of stabilized professional tenancy and available suites presents an owner-user or leasing-focused opportunity to drive occupancy.
Key Highlights
- Neighborhood retail center built in 2000 at 17851 Chatsworth Street, Granada Hills.
- Hard‑corner, signalized intersection location with traffic counts exceeding 43,000 vehicles per day.
- 27 on‑site parking spaces to support customer access.
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 | $314.9k | $36.96 |
| − Vacancy | −$32.4k | −$3.81 |
| EGI | $282.5k | $33.15 |
| − OpEx | −$84.7k | −$9.95 |
| NOI | $197.7k | $23.21 |
8,520 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.82M
$2.47M – $3.30M
NOI $197,725 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$172.61M
$151.03M – $201.38M
NOI $12,082,706 @ 7.0% cap · market cap 262.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- Knollwood Plaza — Granada Hills, CA 91344
FAQs
What type of property is this?
Shopping center - Well-maintained neighborhood retail center at a signalized corner intersection with an endcap suite and 27 on-site parking spaces.
Where is this shopping center located?
The property is located at 17851 Chatsworth St Granada Hills, CA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Neighborhood retail center built in 2000 at 17851 Chatsworth Street, Granada Hills.; Hard‑corner, signalized intersection location with traffic counts exceeding 43,000 vehicles per day.; 27 on‑site parking spaces to support customer access.
