16909 Parthenia St Northridge, CA 91343-4551
- Office buildings
- 21,729 SF
- 0.80 lot acres
Jul 16, 2025
Current Use by Public Records
- Office buildings
Property Details for 16909 Parthenia St
- Year built
- 1984
- Construction
- WOOD
- Lot size
- 0.80 lot acres
- Property size
- 21,729 SF
- Zone code
- LACR
- Property type
- Office buildings
- APN
- 2688-041-013
- APU
- 2688041013
Description
This exceptional three-story, 24,199 square foot office building presents a compelling value-add investment opportunity in Los Angeles' North Hills/Northridge submarket. Located on Parthenia Street, the property boasts high visibility with approximately 30,781 cars passing daily, and convenient access to major freeways (405, 118, and 101). Currently at 44% occupancy, this multi-tenant building offers significant upside potential for an owner-user seeking immediate space (~9,000 SF) with room for future expansion as leases expire. Recent renovations totaling approximately $100,000 have upgraded common areas. The building sits within a robust office market with low vacancy rates (historically under 13.4% and currently at 8.6% according to Costar), benefiting from its location near The Mix, a 40-acre creative campus with numerous amenities. The surrounding area features a strong demographic profile, with 86,706 households within a 3-mile radius and an average household income of $87,477. This free-standing Class B building offers a welcoming setting at a competitive price point, approximately 15-20% below comparable Class A and medical office spaces. The 0.8-acre lot provides ample space, and the asking price is $7,138,000 ($294.97/SF).
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Northridge
- County
- Los Angeles
- State
- California
- Longitude
- -118.501
- Latitude
- 34.229
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
