8707 Lindley Ave, Northridge, CA
Nine-unit NNN retail center on a signalized intersection near CSUN, offering value-add potential for qualified investors.
- Added:
- Jun 24, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 27 at 1:56 am
Property Features for 8707 Lindley Ave
General Information
- Standard status
- Active
- Size
- 11,050 SF
- Lot size
- 0.44 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1986
Listing office (818) 854-0861
Listing date Jun 24, 2026
Source Cbm1
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 David Guardado
HighLights
- 9‑unit NNN retail center with a 11050 SF building on a 19,166 SF lot
- Built in 1986; located near CSUN on a major signalized intersection at Lindley + Parthenia
- Current cap rate 5.03% with NOI of $226,376
- Pro forma cap rate 6.66% with pro forma NOI of $298,545.72
Overview
The center is situated on a major signalized intersection at Lindley and Parthenia, with placement described as convenient and accessible for surrounding retail traffic. The offering is also noted as being near CSUN, aligning the asset with demand from a consistently active local corridor.
From an investment standpoint, the seller frames this as a value-add opportunity. The public remarks cite a current cap rate of 5.03% on NOI of $226,376, with a pro forma cap rate of 6.66% and pro forma NOI of $298,545.72. For buyers, this combination of an NNN structure, multi-unit layout, and identified value-add underwriting parameters may be particularly relevant for investors seeking a neighborhood retail holding with room to execute within the pro forma scenario.
Local 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 | $408.4k | $36.96 |
| − Vacancy | −$42.1k | −$3.81 |
| EGI | $366.3k | $33.15 |
| − OpEx | −$109.9k | −$9.95 |
| NOI | $256.4k | $23.21 |
Alternative Uses
Current Use by Public Records
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Location Insight
- Map
- Local Demand
- City
- Northridge
- County
- Los Angeles
- State
- California
- Longitude
- -118.2468148
- Latitude
- 33.9697897
