Three-Tenant Retail
4859 Topanga Canyon Boulevard, Woodland Hills, CA 91364
For Sale
Contact for pricing
Three occupied suites serve neighborhood customers, with tenant leases that include scheduled rent increases.
Property Size2,241 SF
Lot Size0.14 Acres
Price / SF$660.42
Days on Market34
Property Features for 4859 Topanga Canyon Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Occupancy
Site & Location
Corner Location
Anchor Co-Tenants
Additional Details
Cap Rate
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
The Hirth Group
Listed By:
Daniel Hirth · License #CA 01515796
(818) 201-5268
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:26PM
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 The Hirth Group
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Investment Insights
Based on property information with market context.
This three-tenant retail center was built in 1958 and contains approximately 2,241 square feet on a 6,244-square-foot corner lot. Seven parking spaces are located behind the building, which is zoned LAC1. Ameci Pizza + Pasta occupies one suite under a 10-year lease that runs through September 2034; the lease includes fixed annual increases. The other spaces are occupied by Ilovetus Inc. and an architectural retail/office tenant, with 3% annual escalations on both leases.
The property is on Topanga Canyon Boulevard in Woodland Hills. Westfield Topanga and The Village are identified as major retail and dining destinations in the West Valley. The Warner Center 2035 Plan calls for underutilized parcels to be converted to denser mixed-use development. Rams Village, a 52-acre project announced by the Kroenke Organization, is planned to include the team’s permanent headquarters and training facility, with construction slated to begin as early as 2027.
The property is on Topanga Canyon Boulevard in Woodland Hills. Westfield Topanga and The Village are identified as major retail and dining destinations in the West Valley. The Warner Center 2035 Plan calls for underutilized parcels to be converted to denser mixed-use development. Rams Village, a 52-acre project announced by the Kroenke Organization, is planned to include the team’s permanent headquarters and training facility, with construction slated to begin as early as 2027.
Key Highlights
- Three‑tenant retail center built in 1958
- Approximately 2,241 square feet on a 6,244‑square‑foot corner lot
- Seven parking spaces behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,007
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,140
$1.0M
Cap Rate 7%
$742,957
$743.0K
Cap Rate 9%
$577,856
$577.9K
Market Conditions
NOI Build-Up for 2,241 SF
Gross rent
$82.8K $36.96/SF
− Vacancy
−$8.5K −$3.81/SF
EGI
$74.3K $33.15/SF
− OpEx
−$22.3K −$9.95/SF
NOI
$52.0K $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%
$1,040,140
Cap Rate 7%
$742,957
Cap Rate 9%
$577,856
Alternative Uses
Best Use
Retail
$743.0K
$650.1K – $866.8K
NOI $52,007 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$935.6K
$818.7K – $1.09M
NOI $65,495 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91364, CA
27,071
Population
10,969
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,609
Density / Sq Mi
$134,534
Median Household Income
$74,852
Median Earnings
$2,847
Median Rent
$1,162,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Shopping centers in Los Angeles County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- Dead Sea Mall — 21317 Velicata St, Woodland Hills, CA 91364
Frequently Asked Questions
What type of property is this?
Shopping center - Three occupied suites serve neighborhood customers, with tenant leases that include scheduled rent increases.
Where is this shopping center located?
The property is located at 4859 Topanga Canyon Boulevard Woodland Hills, CA.
What is the asking price?
The asking price for this property is $1,480,000.
What are key features of this property?
This property features: Three‑tenant retail center built in 1958; Approximately 2,241 square feet on a 6,244‑square‑foot corner lot; Seven parking spaces behind the building
