6801 Van Nuys Blvd Los Angeles, CA 91405
- Retail properties
- 5,860 SF
- 0.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 6801 Van Nuys Blvd
- Year built
- 1990
- Lot size
- 0.30 lot acres
- Property size
- 5,860 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a single-tenant, net-leased (NNN) retail property located at 6801 Van Nuys Blvd, Los Angeles, CA 91405. The 5,860 square foot building, situated on a 0.3-acre lot, is currently 100% occupied by PLS Financial Services, a major check cashing company with a corporate guarantee. Built in 1990 and renovated in 2015, the single-story building features 15 parking spaces and benefits from a highly visible corner location with over 96,000 cars passing daily. The property boasts a strong 5.25% cap rate and a lease with annual 2.5% rent increases, providing an inflation hedge. The lease includes NNN reimbursement by the tenant, along with a 15% administrative fee reimbursement on CAMs (excluding taxes), minimizing landlord operating expenses. PLS has a long-standing presence at this location, recently exercising their first of two five-year lease options. The property is zoned LAC2 and has a strong demographic profile, with over 46,400 residents within a 1-mile radius, 328,851 within 3 miles, and a daytime population exceeding 278,160 within a 3-mile radius. The asking price is $3,624,320. This is a passive investment with significant upside potential due to below-market rents and a prime location across from the Van Nuys Courthouse and numerous businesses. The property's APN is 2219-025-030.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.449
- Latitude
- 34.1941
