Retail Storefront with On-Site
21627 Sherman Way Canoga Park, CA 91303
21627 Sherman Way, Canoga Park, CA, 91303
$899,998
For Sale
$899,998
SINGLE_FAMILY - Canoga Park, CA
Property Size1,500 SF
Price / SF$599
Days on Market148
Property Features for 21627 Sherman Way
General Information
- Property type
- Residential
- Property subtype
- Retail
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 2111019002
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1941
Listing Agency
Rodeo Realty
(818) 761-7222
12345 Ventura Blvd. Suite A, Beverly Hills, CA
Listed by
Jesse James Johnston · License #01732745
(818) 326-0945
Added: Feb 20 Checked: Jul 18 at 7:06 am
MLS# SR26038354
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail storefront is presented as a turnkey owner-user opportunity with a configuration currently operating as a barber shop. The space features polished concrete floors, exposed brick, and custom woodwork. Exterior and site security include a fully fenced lot with a front roll-down security gate, along with an ADA-compliant access ramp. Recent capital improvements help reduce near-term maintenance exposure, including a new roof and HVAC system in 2022, with updated electrical and plumbing in 2020. Additional on-site amenities include a tankless water heater.
Located on Sherman Way in the Canoga Park Parts District of Downtown Canoga Park, the property is positioned for visibility along a commercial corridor. The offering includes four (4) on-site parking spaces, which supports convenient access for customers and day-to-day operations.
The property is suited for owner-operators looking for long-term occupancy. In addition to continuing retail or personal service use, the building is described as a fit for salon, medical, boutique, café, or other neighborhood concepts that benefit from a secured, accessible storefront. The property is currently located in a designated IRS Opportunity Zone, and it is also within the local JEDI Zone where small business incentives may include accessible loans up to $50,000. An SBA 504 lending option may be available for qualified owner-users.
Located on Sherman Way in the Canoga Park Parts District of Downtown Canoga Park, the property is positioned for visibility along a commercial corridor. The offering includes four (4) on-site parking spaces, which supports convenient access for customers and day-to-day operations.
The property is suited for owner-operators looking for long-term occupancy. In addition to continuing retail or personal service use, the building is described as a fit for salon, medical, boutique, café, or other neighborhood concepts that benefit from a secured, accessible storefront. The property is currently located in a designated IRS Opportunity Zone, and it is also within the local JEDI Zone where small business incentives may include accessible loans up to $50,000. An SBA 504 lending option may be available for qualified owner-users.
Key Highlights
- +/- 1,500 SF retail storefront in the Sherman Corridor (Canoga Park Parts District) of Downtown Canoga Park
- Currently operating as a barber shop; property is suited for other retail/office uses (e.g., salon, medical, boutique, yoga/workout studio, cafe, comedy club)
- Designated IRS Opportunity Zone and within the local JEDI Zone for small‑business incentive programs (including accessible loans up to $50,000)
Local 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 | $55.4k | $36.96 |
| − Vacancy | −$5.7k | −$3.81 |
| EGI | $49.7k | $33.15 |
| − OpEx | −$14.9k | −$9.95 |
| NOI | $34.8k | $23.21 |
1,500 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$497.3K
$435.1K – $580.2K
NOI $34,811 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$30.39M
$26.59M – $35.45M
NOI $2,127,237 @ 7.0% cap · market cap 236.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Storefront property - Turnkey retail storefront with four on-site spaces, fenced secured entry, and ADA ramp, recently upgraded building systems.
Where is this storefront property located?
The property is located at 21627 Sherman Way Canoga Park, CA.
What is the asking price?
The asking price for this property is $899,998.
What are key features of this property?
This property features: +/- 1,500 SF retail storefront in the Sherman Corridor (Canoga Park Parts District) of Downtown Canoga Park; Currently operating as a barber shop; property is suited for other retail/office uses (e.g., salon, medical, boutique, yoga/workout studio, cafe, comedy club); Designated IRS Opportunity Zone and within the local JEDI Zone for small‑business incentive programs (including accessible loans up to $50,000)
