Retail Storefront in Sherman
For Sale
$899,998
21627 Sherman Way, Los Angeles, CA 91303
Retail storefront in high-traffic area, ideal for owner-user.
Property Size1,500 SF
Price / SF$599
Days on Market185
Property Features for 21627 Sherman Way
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Site & Location
Neighborhood
Reseda
Building Details
Building Size
1,500 SF
Year Built
1941
Listing Agency:
Rodeo Realty
Listed By:
Jesse James Johnston · License #01732745
(818) 326-0945
Source:
Elliman
Added: Apr 24
Changed: Oct 22
Last Checked: Oct 24 at 4:20PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$34,811
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$696,220
$696.2K
Cap Rate 7%
$497,300
$497.3K
Cap Rate 9%
$386,789
$386.8K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$55.4K $36.96/SF
− Vacancy
−$5.7K −$3.81/SF
EGI
$49.7K $33.15/SF
− OpEx
−$14.9K −$9.95/SF
NOI
$34.8K $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%
$696,220
Cap Rate 7%
$497,300
Cap Rate 9%
$386,789
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,236
Businesses Nearby
87k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Dining 23%
Shops & Services 21%
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
KFC
Dining
5,296 visits/mo
0.5 miles
Demographics for 91303, CA
28,457
Population
11,073
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
77%
High-School Grad
2.1 sq mi
ZIP Area
13,551
Density / Sq Mi
$76,051
Median Household Income
$35,649
Median Earnings
$1,983
Median Rent
$645,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Modern Blossoms-Flower Delivery in San Fernando Valley CA — 19755 vanowen st, winnetka, ca 91306
- Homepage | Flowers from Our Heart — 19100 Hart St, Reseda, CA 91335
- Flower Delivery Winnetka — 20201 Sherman Way, Winnetka, CA 91306
- KIRK'S FLOWERS & GIFTS — 7654 Winnetka Ave, Winnetka, CA 91306
- Blossoms Of Beauty Llc — 19424 Keswick St, Reseda, CA 91335
Frequently Asked Questions
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.
