Auto Shop
For Sale
$3,999,000
6961 Van Nuys, Van Nuys, CA 91405
Located west of Van Nuys Blvd and south of Hart St in Van Nuys.
Property Size6,938 SF
Days on Market122
Property Features for 6961 Van Nuys
General Information
Standard status
Active
Size
6,938 SF
Property subtype
Retail
Building Details
Building Size
6,938 SF
Listing Agency:
Coldwell Banker Quality Properties
(661) 255-4600
Listed By:
Janet Aguilera · License #01488231
Source:
Truthrealty
Added: May 1
Changed: Aug 29
Last Checked: Aug 2 at 10:52AM
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 Coldwell Banker Quality Properties
Investment Insights
Based on property information with market context.
This auto shop property is located at 6961 Van Nuys in Van Nuys, California. The site is positioned west of Van Nuys Blvd and south of Hart St, within Los Angeles County.
Key Highlights
- Auto shop property at 6961 Van Nuys, Van Nuys, CA 91405
- West of Van Nuys Blvd and south of Hart St
- Located in Los Angeles County
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$153,500
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,070,000
$3.1M
Cap Rate 7%
$2,192,857
$2.2M
Cap Rate 9%
$1,705,556
$1.7M
Market Conditions
NOI Build-Up for 6,938 SF
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.
Gross rent
$234.8K $33.84/SF
− Vacancy
−$15.5K −$2.23/SF
EGI
$219.3K $31.61/SF
− OpEx
−$65.8K −$9.48/SF
NOI
$153.5K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,070,000
Cap Rate 7%
$2,192,857
Cap Rate 9%
$1,705,556
Alternative Uses
Best Use
Retail
$2.19M
$1.92M – $2.56M
NOI $153,500 @ 7.0% cap · market cap 3.84%
Second Best
Industrial
$1.16M
$1.01M – $1.35M
NOI $81,078 @ 7.0% cap · market cap 2.03%
Theoretical Best
Office A
$3.71M
$3.25M – $4.33M
NOI $260,020 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,266
Businesses Nearby
255k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Shops & Services 24%
Groceries 13%
Electronics 4%
Jons Marketplace
Groceries
34,248 visits/mo
0.4 miles
Starbucks
Dining
30,784 visits/mo
0.2 miles
McDonald's
Dining
24,189 visits/mo
0.1 miles
PLS Financial Services
Shops & Services
17,136 visits/mo
0.2 miles
LUV Car Wash
Shops & Services
15,540 visits/mo
0.3 miles
Demographics for 91405, CA
55,319
Population
19,822
Households
2.8
Avg Household Size
36
Median Age
26%
College-Educated
75%
High-School Grad
3.4 sq mi
ZIP Area
16,270
Density / Sq Mi
$61,207
Median Household Income
$34,833
Median Earnings
$1,736
Median Rent
$698,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- HDM Auto — 14839 Gilmore St, Van Nuys, CA 91411
- Vanden Towing's Company — 14606 Haynes St, Van Nuys, CA 91411
- Attesa Collision Center — 6472 Van Nuys Blvd, Van Nuys, CA 91401
- Gentle Serve Towing Co. — 6517 Van Nuys Blvd, Van Nuys, CA 91401
- Firestone Complete Auto Care — 6530 Van Nuys Blvd, Van Nuys, CA 91401
Frequently Asked Questions
What type of property is this?
Auto shop - Located west of Van Nuys Blvd and south of Hart St in Van Nuys.
Where is this auto shop located?
The property is located at 6961 Van Nuys Van Nuys, CA.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Auto shop property at 6961 Van Nuys, Van Nuys, CA 91405; West of Van Nuys Blvd and south of Hart St; Located in Los Angeles County
