Two-Story Office
9010 Corbin Avenue, Northridge, CA 91324
For Sale
$430,000
The property has a multi-tenant configuration across two levels.
Property Size1,130 SF
Days on Market94
Property Features for 9010 Corbin Avenue
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Stories
Tenancy
Listing Agency:
Lee & Associates - LA North - Westlake Village
Listed By:
Eric Nishimoto · License #CalDRE #01462339
(818) 444-4984
Source:
Lee-associates
Added: Aug 8
Changed: Nov 1
Last Checked: Nov 8 at 3:53AM
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 Lee & Associates - LA North - Westlake Village
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Investment Insights
Based on property information with market context.
This office condominium is arranged as a two-story, multi-tenant property. The asset is located at 9010 Corbin Avenue in Northridge, California, within the 91324 ZIP code.
Key Highlights
- Two‑story office condominium
- Multi‑tenant office configuration
- 9010 Corbin Avenue address
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,822
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,440
$536.4K
Cap Rate 7%
$383,171
$383.2K
Cap Rate 9%
$298,022
$298.0K
Market Conditions
NOI Build-Up for 1,130 SF
Gross rent
$43.9K $38.88/SF
− Vacancy
−$8.2K −$7.23/SF
EGI
$35.8K $31.65/SF
− OpEx
−$8.9K −$7.91/SF
NOI
$26.8K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$536,440
Cap Rate 7%
$383,171
Cap Rate 9%
$298,022
Alternative Uses
Best Use
Office B
$383.2K
$335.3K – $447.0K
NOI $26,822 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$22.89M
$20.03M – $26.71M
NOI $1,602,519 @ 7.0% cap · market cap 372.68%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,934
Businesses Nearby
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Business Placement
Demographics for 91324, CA
29,500
Population
11,408
Households
2.6
Avg Household Size
39
Median Age
38%
College-Educated
86%
High-School Grad
4.3 sq mi
ZIP Area
6,860
Density / Sq Mi
$99,834
Median Household Income
$46,513
Median Earnings
$2,286
Median Rent
$869,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Los Angeles County, CA
Properties on Market for Office Units in Los Angeles County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The property has a multi-tenant configuration across two levels.
Where is this office unit located?
The property is located at 9010 Corbin Avenue Northridge, CA.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two‑story office condominium; Multi‑tenant office configuration; 9010 Corbin Avenue address
