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    19740 Sherman Way Los Angeles, CA 91306

    Sponsored
    For Sale
    $1,995,000

    Three-unit retail building, cell tower included.

    Property size:
    4,005 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a three-unit storefront commercial property located at 19740 Sherman Way in the desirable Winnetka neighborhood of Los Angeles, California. The property boasts a total of 4,005 square feet of retail space, spread across three individual units, making it ideal for a variety of uses or a single owner-operator. Built in 1956, the building sits on a substantial 15,780 square foot lot, offering ample space and potential for expansion or future development. The property's strategic location in Winnetka provides excellent visibility and accessibility, ensuring high foot traffic and potential for strong rental income. A key feature of this property is the inclusion of a cell tower, generating additional revenue streams beyond the retail units. The property is zoned LAC4 and includes two APNs: 2135-016-008 and 2135-016-017. The asking price for this remarkable commercial property is $1,995,000. This presents a rare chance to acquire a well-located, income-producing asset with significant upside potential in a thriving Los Angeles community. The substantial lot size and existing infrastructure provide a solid foundation for long-term growth and investment returns. Serious inquiries are encouraged.

    Property Features for 19740 Sherman Way

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,005 SF

    Building Details

    Year Built
    1956
    Units
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.5636879
    Latitude
    34.2007065

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    FAQs

    What type of property is this?
    Individual retail property - Three-unit retail building, cell tower included.
    Where is this individual retail property located?
    The property is located at 19740 Sherman Way Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    Request Owner's contact information
    19740 Sherman Way Los Angeles, CA 91306
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    Los Angeles, CA 91306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19740 Sherman Way Los Angeles, CA 91306
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