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    6026 Reseda Blvd Los Angeles, CA 91356

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    Retail space in a high-traffic area near public transportation.

    Type:Retail
    Property size:
    2,500 SF
    Added:
    Mar 12, 2019
    Days on Market:
    2610
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 6026 Reseda Blvd

    General Information

    Standard status
    Active
    Size
    2,500 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 6026 Reseda Blvd Contact us

    Suite 6040 $3 /Mo

    Size
    1,434 SF
    Type
    Retail
    • Cold kitchen uses onlyn• End-cap positionn• Divisible to ±1,216 or ±1,434...
    show more
    Contact us

    Suite 6038-B $3 /Mo

    Size
    1,216 SF
    Type
    Retail
    • Cold kitchen uses onlyn• 300 AMPs, single-phase powern• Second in line from...
    show more
    Contact us

    We can help!

    Listing Contact
    Brian Wiener

    Listing agent Brian Wiener License #01259067

    Listing office illi Commercial Real Estate

    Listing date Mar 12, 2019

    Source Crexi

    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 illi Commercial Real Estate

    Overview

    Retail Space in Renovated Center

    This retail space is located in a newly renovated center on the southeast corner of a high-traffic corridor. The property experiences approximately 70,000 cars daily and is situated 100 feet from the Orange Line Station. An end cap is available. The east San Fernando Valley light rail project is under construction, running north-south from the city of San Fernando to Van Nuys. This light rail will connect to the current metro lines running east-west along Oxnard Blvd, directly adjacent to this center. The project is expected to increase traffic to the center, offering greater exposure across the San Fernando Valley. The property is suitable for national, regional, and local tenants for high-traffic volume uses, including cold kitchen restaurants, take-out, and food businesses. Approximately 2,500 square feet of retail space is available. Short-term leases are available. The location benefits from a signalized intersection and pylon signage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Party Time Liquor (Bike/Boat/Book/etc) Store Farm Boys Liquor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    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
    -118.53581
    Latitude
    34.1794

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    FAQs

    What type of property is this?
    Retail space - Retail space in a high-traffic area near public transportation.
    Where is this retail space located?
    The property is located at 6026 Reseda Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: Directly adjacent to future light rail connection to existing metro lines, increasing accessibility and traffic.; Located on a high‑traffic corridor with ±70,000 car count.; Newly renovated retail center with ±2,500 SF available.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian Wiener
    Real Estate License ID: 01259067
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    6026 Reseda Blvd, Los Angeles, CA 91356

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