Value-Add Oak Park Shopping
604 Lindero Canyon Rd, Oak Park, CA 91377
Call to check price and availability
Neighborhood shopping center in affluent Oak Park, Los Angeles.
Type:Retail
Property size:
74,381 SFPrice / SF:
$322/SF- Added:
- Mar 24, 2026
- Days on Market:
- 61
- Last Refresh:
- Mar 25 at 8:29 pm
Property Features for 604 Lindero Canyon Rd
General Information
- Standard status
- Active
- Size
- 74,381 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1991
Listing agent Daylin Ackerman License #CA 02011508
Listing office Pegasus Investments (310) 969-1135
Listing date Mar 24, 2026
Source Crexi
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 Pegasus Investments
HighLights
- Located in affluent Oak Park, Los Angeles, with high average household incomes.
- Value‑add opportunity with 8 vacant units and 17 leases with no extension options.
- Projected strong financial returns including a 14.2% levered IRR and 3.2x equity multiple.
- Prime location at a busy, signalized intersection (30,000+ VPD), across from a Pavilions‑anchored shopping center.
- Diverse mix of retail tenants in service, medical, lifestyle, and convenience sectors.
- Strategically positioned between Oak Park High School and the exclusive North Ranch Country Club.
Overview
Oak Park Shopping Center is a neighborhood shopping center located in Oak Park, Los Angeles, California. Situated at the intersection of Kanan Road and Lindero Canyon Road, with a traffic volume exceeding 30,000 vehicles per day, the center is positioned across the street from a Pavilions-anchored shopping center and less than 2.5 miles north of the 101 Freeway. It serves an upscale community with nearly 50,000 residents and average household incomes of $180,000 within a 3-mile radius. The shopping center is strategically located between Oak Park High School, North Ranch Country Club, and the North Ranch luxury gated housing community, establishing it as a primary shopping destination in the area. The property comprises a diverse mix of retail tenants in service, medical, lifestyle, and convenience sectors. Of the 33 retail units, eight are currently vacant, seventeen have no extension options, and six operate on a month-to-month basis. By 2028, 42% of tenant leases (by revenue) will roll over. Potential value-add approaches include market rate adjustments for below-market paying tenants, backfilling existing vacancies, and converting gross leases to triple net recoveries. The property offers the opportunity to acquire a high-income, value-add asset in an affluent suburban market.
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Places Nearby
- Oak Park Plaza — 702-706 Lindero Canyon Rd, Oak Park, CA 91377
- Coinstar Kiosk - Bitcoin ATM — 1135 Lindero Canyon Rd Safeway, Thousand Oaks, CA 91362
- North Ranch Pavilions — Oak Park, CA 91377
Location Insight
- Map
- Local Demand
- City
- Oak Park
- County
- Ventura
- State
- California
- Longitude
- -118.785655
- Latitude
- 34.184715
FAQs
What type of property is this?
Shopping center - Neighborhood shopping center in affluent Oak Park, Los Angeles.
Where is this shopping center located?
The property is located at 604 Lindero Canyon Rd Oak Park, CA.
What is the asking price?
The asking price for this property is $24,000,000.
What are key features of this property?
This property features: Located in affluent Oak Park, Los Angeles, with high average household incomes.; Value‑add opportunity with 8 vacant units and 17 leases with no extension options.; Projected strong financial returns including a 14.2% levered IRR and 3.2x equity multiple.
