Auto Shop with Multiple Work
18812 Parthenia Street, Northridge, CA 91324
For Sale
$3,200,000
Rear alley access complements the property's Parthenia Street frontage.
Property Size5,720 SF
Price / SF$559.44
Days on Market27
Property Features for 18812 Parthenia Street
General Information
Standard status
Size
Property subtype
Additional Details
Road Access
Automotive Uses
Real Estate Included
Building Details
Year Built
Buildings
Listing Agency:
Beverly and Company
(818) 835-4414
Listed By:
Kamran Yasnafar · License #01774523
(818) 222-7707
Source:
Teamforss
Added: Oct 13
Changed: Nov 7
Last Checked: Nov 7 at 2:12PM
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 Beverly and Company
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Investment Insights
Based on property information with market context.
Built in 1988, this 5,720-square-foot auto shop is configured for automotive body repair and collision work. Multiple work bays have large roll-up openings, while high-ceiling work areas and outdoor space support vehicle parking and operations.
The property fronts Parthenia Street and also has access from the alley on the opposite side. This dual access connects the street frontage with the rear approach. Existing improvements support continued automotive body repair and collision operations.
The property fronts Parthenia Street and also has access from the alley on the opposite side. This dual access connects the street frontage with the rear approach. Existing improvements support continued automotive body repair and collision operations.
Key Highlights
- 5,720‑square‑foot auto shop built in 1988
- Configured for automotive body repair and collision services
- Multiple work bays with large roll‑up openings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,745
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,654,900
$2.7M
Cap Rate 7%
$1,896,357
$1.9M
Cap Rate 9%
$1,474,944
$1.5M
Market Conditions
NOI Build-Up for 5,720 SF
Gross rent
$211.4K $36.96/SF
− Vacancy
−$21.8K −$3.81/SF
EGI
$189.6K $33.15/SF
− OpEx
−$56.9K −$9.95/SF
NOI
$132.7K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,654,900
Cap Rate 7%
$1,896,357
Cap Rate 9%
$1,474,944
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.21M
NOI $132,745 @ 7.0% cap · market cap 4.15%
Second Best
Industrial
$1.02M
$888.2K – $1.18M
NOI $71,057 @ 7.0% cap · market cap 2.22%
Theoretical Best
Multifamily LT 5
$115.88M
$101.40M – $135.20M
NOI $8,111,864 @ 7.0% cap · market cap 253.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
815k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 48%
Dining 18%
Shops & Services 12%
Leisure 9%
DICK'S Sporting Goods
Apparel
118,235 visits/mo
0.3 miles
Macy's
Apparel
105,242 visits/mo
0.3 miles
Ross Dress for Less
Apparel
73,130 visits/mo
0.4 miles
AMC Northridge 10
Leisure
71,431 visits/mo
0.4 miles
JCPenney
Apparel
66,411 visits/mo
0.4 miles
Demographics for 91324, CA
29,500
Population
11,408
Households
2.6
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
6,860
Density / Sq Mi
$99,834
Median Household Income
$46,513
Median Earnings
$2,286
Median Rent
$869,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Auto shops in Los Angeles County, CA
Properties on Market for Auto shops in Los Angeles County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Derelict Garage — 8813 Jumilla Ave, Northridge, CA 91324
- Robert's Service — 19545 Parthenia St, Northridge, CA 91324
- Dream Garage Cycles LLC — 19545 Parthenia St unit 9, Northridge, CA 91324
- Valley Auto Services Center — 19545 Parthenia St UNIT 10, Northridge, CA 91324
- Northridge Auto Repair Technicians — 19545 Parthenia St # 20, Northridge, CA 91324
Frequently Asked Questions
What type of property is this?
Auto shop - Rear alley access complements the property's Parthenia Street frontage.
Where is this auto shop located?
The property is located at 18812 Parthenia Street Northridge, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 5,720‑square‑foot auto shop built in 1988; Configured for automotive body repair and collision services; Multiple work bays with large roll‑up openings
