6740 Reseda BlvdLos Angeles, CA 91335

Property Details for 6740 Reseda Blvd

Year built

1986

Construction

TILT-UP CONCRETE

Lot size

0.66 AC

Property size (Sq ft)

10,323 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2125-014-025

APU

2125014025

Description

This 2,400 square foot retail space, formerly occupied by Speedy Cash, is situated in a thriving multi-tenant shopping center at the highly visible corner of Reseda Boulevard and Vanowen Street in Reseda, Los Angeles County. The property boasts excellent street visibility and accessibility from both intersecting streets, enhanced by prominent pole signage opportunities and ample on-site parking. This location benefits from strong co-tenancy with established businesses such as 7-Eleven and El Pollo Loco, further solidifying its appeal. The surrounding area is densely populated with a variety of retail establishments including Subway, Taco Bell, Starbucks, Jack in the Box, Valvoline Instant Oil Change, Arbey's, Target, and Smart & Final. The property's strategic location near California State University, Northridge, with its substantial student, faculty, and staff population (over 49,000), provides a significant and consistent customer base. The total building size is 7,500 square feet, with 2,400 square feet currently vacant. This presents a unique opportunity for businesses seeking high visibility and strong foot traffic in a bustling retail environment. The property is part of a larger shopping center, offering a synergistic environment for various retail ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $4,392,774

  6.5%

  $4,054,868

  7%

  $3,765,234

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,946,814

  Geo Method

  $4,946,814

• Alternative Use

  Use

  Valuation

  Residential

  $3,420,433

  Hospitality

  $3,133,098

  Educational

  $2,606,701

  Medical

  $2,696,349

  Retail

  $4,054,868

Location Insight

City

Reseda

County

Los Angeles

State

California

Latitude

34.1935

Longitude

-118.536

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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