Versatile Banquet and Event
18407 Sherman Way, Los Angeles, CA 91335
Fully equipped banquet facility suitable for various uses.
Type:Hospitality, Office, Retail
Property size:
4,900 SFLot size:
0.23 AcresPrice / SF:
$407/SF- Added:
- Feb 19, 2026
- Days on Market:
- 128
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 18407 Sherman Way
General Information
- Standard status
- Active
- Size
- 4,900 SF
- Lot size
- 0.23 Acres
- Property subtype
- Hospitality, Office, Retail
Building Details
- Year Built
- 1954
Listing office Keller Williams VIP Properties
Listing date Feb 19, 2026
Source Crexi
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 Keller Williams VIP Properties
HighLights
- Fully equipped banquet/event facility ready for immediate use.
- High‑capacity main hall: Seats 250‑300 guests, includes dance floor, built‑in stage, and professional lighting.
- Commercial‑grade kitchen: professional stoves/ovens, prep areas, walk‑in refrigerator.
- Dedicated parking lot (APN 2119‑022‑008): approximately 5000 sq ft, with ingress/egress from two streets.
- Upper level: large office suite, common hall, full kitchen and bathroom for flexible use.
- ADA‑compliant restrooms to comfortably accommodate guests.
Overview
This versatile banquet and event facility is fully equipped for hospitality, catering, community, or institutional use. The main hall can accommodate approximately 250 guests with a dance floor, or up to 300 guests without, and features a built-in stage and professional lighting system. A commercial-grade kitchen supports high-volume operations with professional stoves and ovens, prep areas, and a walk-in refrigerator. ADA-compliant restrooms are available. The upper level includes a large office suite, a spacious common hall area, and a full kitchen and bathroom. The property includes a parking area of nearly 5000 square feet, accessible via driveways from Canby Street and Darby Street. The building lot size is 4500 sq ft. and the parking lot size is 5383 sq ft, with a total of 9883 sq ft. This property is suitable for an owner-user, nonprofit organization, religious institution, or event operator seeking a ready-to-use facility with substantial capacity and infrastructure. It is located in Los Angeles, CA.
Local Financial Insights For Specialty 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 | $181.1k | $36.96 |
| − Vacancy | −$4.2k | −$0.85 |
| EGI | $176.9k | $36.11 |
| − OpEx | −$44.2k | −$9.03 |
| NOI | $132.7k | $27.08 |
4,900 SF · lease $36.96/SF/yr · vacancy 2.30% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.90M
$1.66M – $2.21M
NOI $132,704 @ 7.0% cap · market cap 6.65%
Second Best
Office B
$1.66M
$1.45M – $1.94M
NOI $116,308 @ 7.0% cap · market cap 5.83%
Theoretical Best
Multifamily LT 5
$99.27M
$86.86M – $115.82M
NOI $6,948,974 @ 7.0% cap · market cap 348.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Kessab Banquet Hall
Hotel & Motel
Kessab Educational Association
Association / Organization
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.5341477
- Latitude
- 34.2012858
Nearby Similar for Sale
FAQs
What type of property is this?
Wedding venue - Fully equipped banquet facility suitable for various uses.
Where is this wedding venue located?
The property is located at 18407 Sherman Way Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Fully equipped banquet/event facility ready for immediate use.; High‑capacity main hall: **Seats 250‑300 guests, includes dance floor, built‑in stage, and professional lighting.**; Commercial‑grade kitchen: professional stoves/ovens, prep areas, walk‑in refrigerator.
