Infill Retail Center with Restaurant
For Sale
Contact for pricing
Pending
19651 Sherman Way, Los Angeles, CA 91335
Signalized corner retail center with an established restaurant and adjacent soon-to-be-vacant space.
Property SizeContact for details
Days on Market142
Property Features for 19651 Sherman Way
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Corner Location
Yes
Traffic Count
60,000 vehicles/day
Amenities
two sided billboard
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Los Angeles
(213) 943-1781
Listed By:
Ara Rostamian · License #CA 01814678
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 10:22PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
La Victoria Center is a retail shopping center anchored by a restaurant and nightclub that has operated at the property for over 30 years. The restaurant lease has 7 years remaining. An adjacent 2,890 SF laundromat space is expected to become vacant and may accommodate an owner-user, while a two-sided billboard is currently offered on a month-to-month basis.
The center occupies the signalized intersection of Sherman Way and Corbin Avenue in Reseda, where the two arterials together see over 60,000 vehicles per day. Within a 10-minute drive are Pierce College, Van Nuys Airport, and the 101 Freeway. The surrounding 1.5-mile radius includes Albertsons, Food4Less, Marshalls, HomeGoods, Smart & Final Extra, CVS Pharmacy, Walgreens, Grocery Outlet, Starbucks, and El Pollo Loco.
The center occupies the signalized intersection of Sherman Way and Corbin Avenue in Reseda, where the two arterials together see over 60,000 vehicles per day. Within a 10-minute drive are Pierce College, Van Nuys Airport, and the 101 Freeway. The surrounding 1.5-mile radius includes Albertsons, Food4Less, Marshalls, HomeGoods, Smart & Final Extra, CVS Pharmacy, Walgreens, Grocery Outlet, Starbucks, and El Pollo Loco.
Key Highlights
- Restaurant and nightclub has anchored the center for over 30 years
- Existing restaurant lease has 7 years remaining
- Adjacent 2,890 SF laundromat space expected to become vacant
Property Analytics
Property Profile
Current Use
Lease Details
60,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 60%
Shops & Services 23%
Dining 14%
Electronics 3%
Vallarta Supermarket
Groceries
46,304 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,104 visits/mo
0.5 miles
Del Taco
Dining
7,367 visits/mo
0.5 miles
Kwik Stop
Shops & Services
7,050 visits/mo
0.1 miles
It's Boba Time
Dining
3,275 visits/mo
0.5 miles
Demographics for 91335, CA
76,650
Population
25,615
Households
3
Avg Household Size
39
Median Age
30%
College-Educated
78%
High-School Grad
6.6 sq mi
ZIP Area
11,614
Density / Sq Mi
$77,164
Median Household Income
$37,470
Median Earnings
$1,811
Median Rent
$700,400
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Signalized corner retail center with an established restaurant and adjacent soon-to-be-vacant space.
Where is this shopping center located?
The property is located at 19651 Sherman Way Los Angeles, CA.
What are key features of this property?
This property features: Restaurant and nightclub has anchored the center for over 30 years; Existing restaurant lease has 7 years remaining; Adjacent 2,890 SF laundromat space expected to become vacant
