7217 Geyser AveLos Angeles, CA 91335

Property Details for 7217 Geyser Ave

Year built

1964

Construction

TILT-UP CONCRETE

Lot size

0.70 AC

Property size (Sq ft)

13,102 SF

Zone code

LAP

Property type

Retail properties

Property subtype

Auto shops

APN

2118-025-006

APU

2118025006

Description

This exceptional mixed-use property at 7217 Geyser Avenue, Reseda, CA, offers a unique investment and owner-user opportunity. Spanning 13,102 square feet on a 0.7-acre lot, the property boasts a versatile layout ideal for automotive, retail, and residential uses. The ground floor encompasses 9,300 square feet, currently configured with a mix of office and tenant spaces. 6,750 square feet of office space is immediately available. Two existing tenants occupy 2,295 and 2,550 square feet respectively. The second floor provides an additional 3,785 square feet of space. The property also includes three residential apartments ranging in size from 900 to 1,650 square feet. Ample parking is provided with 37 spaces. The property is currently zoned C2 (Commercial), allowing for both automotive and residential uses, providing flexibility for a variety of business and residential applications. HVAC is installed in the office areas. This property presents a rare chance to acquire a substantial mixed-use asset in a desirable Reseda location, offering significant potential for both income generation and owner occupancy. The asking price is $4,660,000.

• CAP approach

  CAP return

  Valuation

  6%

  $5,575,329

  6.5%

  $5,146,458

  7%

  $4,778,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,278,520

  Geo Method

  $6,278,520

• Alternative Use

  Use

  Valuation

  Residential

  $4,341,230

  Hospitality

  $3,976,543

  Educational

  $3,308,437

  Medical

  $3,422,219

  Retail

  $5,146,458

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.2018

Longitude

-118.543

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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