Retail Storefront in Sherman
21627 Sherman Way Los Angeles, CA 91303
For Sale
$899,998
Retail storefront in high-traffic area, ideal for owner-user.
Property Size1,500 SF
Price / SF$599
Days on Market94
Property Features for 21627 Sherman Way
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1941
Listing Agency:
Rodeo Realty
(818) 326-0945
Listed By:
Jesse James Johnston · License #01732745
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 10:07AM
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 Rodeo Realty
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a ±1,500 SF retail storefront in the Sherman Corridor (Canoga Park Parts District) of Downtown Canoga Park. The property is ideal for an owner-user seeking long-term occupancy and stability in a high traffic-visibility neighborhood commercial corridor. Currently operating as a barber shop, the property is well suited for a salon, medical, boutique, Yoga / workout studio, café or comedy club. Recent capital improvements significantly reduce near-term maintenance exposure, making this a turnkey opportunity for immediate occupancy. The property has four on-site parking spaces, a fully fenced lot with front roll-down security gate, and an ADA-compliant access ramp. It features a new roof (2022), a new HVAC system (2022), updated electrical & plumbing (2020), a tankless water heater, polished concrete floors, exposed brick, and custom woodwork. The property is currently in a designated IRS Opportunity Zone for QOF’s and within the local JEDI Zone allowing for small business incentives to include accessible loans up to $50,000. The location has a bike score of 85, a walk score of 84, and a transit score of 56.
Key Highlights
- Rare owner‑user opportunity in a high traffic‑visibility location.
- Eligible for SBA 504 financing with as little as ~10% down.
- Located in an IRS Opportunity Zone and a local JEDI Zone.
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
Storefront properties
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FAQs
What type of property is this?
Storefront property - Retail storefront in high-traffic area, ideal for owner-user.
Where is this storefront property located?
The property is located at 21627 Sherman Way Los Angeles, 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: Rare owner‑user opportunity in a high traffic‑visibility location.; Eligible for SBA 504 financing with as little as ~10% down.; Located in an IRS Opportunity Zone and a local JEDI Zone.
