Versatile Commercial Building in
18522 Gresham Street, Northridge, CA 91324
COMMERCIAL - Northridge, CA
Property size:
3,250 SFLot size:
0.17 AcresPrice / SF:
$458/SF- Added:
- Jan 15, 2026
- Days on Market:
- 120
- Last Refresh:
- May 15 at 7:06 pm
Property Features for 18522 Gresham Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active Under Contract
- APN
- 2770017021
- Size
- 3,250 SF
- Lot size
- 0.17 Acres
Building Details
- Year built
- 1979
Listing agent Scott Rice License #02034360 (818) 631-1660
Listing office Equity Union Real Estate 4353 Park Terrace Dr Suite 100, Sherman Oaks, CA (805) 892-8119
Listing date Jan 15, 2026
MLS# 226000222
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Versatile 3,200 SF commercial/industrial building with upgraded office improvements in a central Northridge location.
- Two secure fenced yard areas with automatic gates, providing excellent outdoor storage and operational flexibility.
- Fully air‑conditioned throughout with 14‑foot clear ceilings and two 12‑foot automatic roll‑up doors.
- Recently updated office suite with reception area, private offices, conference room, break room, and two restrooms.
- Heavy power suitable for a wide range of light industrial, creative, or distribution uses.
- Excellent access to major freeways, rail lines, and public transportation.
Overview
This versatile +/-3,200 SF commercial/industrial building offers a combination of functional warehouse space and upgraded office improvements in a central Northridge location. The property features 14-foot clear ceilings and two 12-foot automatic roll-up doors. Heavy power is available, and the building is fully air-conditioned throughout. It is suitable for light industrial, creative, or distribution uses. The building includes two secure fenced yard areas with automatic gates, providing outdoor storage, loading, and operational flexibility. It can be divided into two separate units. An additional loft area offers bonus storage or workspace. The updated office suite includes a professional reception area, two private offices, a large conference room, break room, and two restrooms. The property is centrally located in Northridge, with access to major freeways, rail lines, and public transportation. It is suitable for owner-users, tenants, or investors seeking functionality, adaptability, and regional connectivity. The lot size is 0.1711 acres.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$857.1K
NOI $77,143 @ 9.00% cap · cautious / downside scenario
Moderate
$1.10M
NOI $77,143 @ 7.00% cap · market / base-case scenario
Aggressive
$1.54M
NOI $77,143 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.4k | $38.88 |
| − Vacancy | −$23.5k | −$7.23 |
| EGI | $102.9k | $31.65 |
| − OpEx | −$25.7k | −$7.91 |
| NOI | $77.1k | $23.74 |
3,250 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.10M
$964.3K – $1.29M
NOI $77,143 @ 7.0% cap · market cap 5.18%
Second Best
Warehouse
$700.4K
$612.8K – $817.1K
NOI $49,025 @ 7.0% cap · market cap 3.29%
Theoretical Best
Multifamily LT 5
$65.84M
$57.61M – $76.82M
NOI $4,609,013 @ 7.0% cap · market cap 309.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Chipotle Mexican Grill — 9160 Reseda Blvd, Northridge, CA 91324
- thephilliesss — Northridge, CA 91324
- Breakfast Rendezvous — 13256 Eccles St, Northridge, CA 91324
- La's crepes — 9151 Reseda Blvd, Northridge, CA 91324
Location Insight
- Map
- Local Demand
- City
- Northridge
- County
- Los Angeles
- State
- California
- Longitude
- -118.537009
- Latitude
- 34.230611
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Functional warehouse and upgraded office space in central Northridge.
Where is this flex space located?
The property is located at 18522 Gresham Street Northridge, CA.
What is the asking price?
The asking price for this property is $1,490,000.
What are key features of this property?
This property features: Versatile 3,200 SF commercial/industrial building with upgraded office improvements in a central Northridge location.; Two secure fenced yard areas with automatic gates, providing excellent outdoor storage and operational flexibility.; Fully air‑conditioned throughout with 14‑foot clear ceilings and two 12‑foot automatic roll‑up doors.
