Current Use by Public Records
- Retail properties & Spaces
Property Details for 13054-13058 Sherman Way
- Year built
- 1959
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional 7,696 square foot freestanding retail storefront, located at 13054-13058 Sherman Way in North Hollywood, CA 91605, presents a lucrative investment or owner-user opportunity. Situated on a 0.34-acre lot (14,833 sq ft), this multi-tenant building boasts unparalleled visibility across from a Tesla showroom and service center, ensuring high foot and vehicle traffic. Built in 1959, the single-story structure is zoned C2-1VL, allowing for diverse uses including retail, office, or service-oriented businesses. The asking price is $4,250,000, translating to $552 per square foot. The property comprises three units, offering flexibility for investors seeking multiple tenants or owner-users looking to occupy part of the space while generating rental income from the remaining units. This prime location in a high-demand market makes it an ideal investment for those seeking strong returns and a stable, high-traffic commercial property. The property's corner location provides exceptional visibility and accessibility, making it an attractive proposition for a wide range of businesses.
Value Estimations
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AI approach
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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
- -118.418
- Latitude
- 34.201
