13281 Van Nuys Blvd Pacoima, CA 91331
- Investment properties
- 3,095 SF
- 0.12 lot acres
Current Use by Public Records
- Willy's barbershop #2 / Barber Shop
Property Details for 13281 Van Nuys Blvd
- Year built
- 1966
- Construction
- WOOD
- Lot size
- 0.12 lot acres
- Property size
- 3,095 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 2619-017-031
- APU
- 2619017031
Description
This exceptional three-unit retail property, situated at 13281 Van Nuys Boulevard in Pacoima, California, presents a compelling investment opportunity. Spanning 3,095 square feet on a 0.12-acre lot, this property boasts a newly renovated facade, enhancing its curb appeal and attracting potential tenants. The building is comprised of three individual units with varying square footages: 510, 1488, and 1097 square feet, offering flexibility for diverse business needs. Located on a major thoroughfare in a rapidly redeveloping area of Pacoima, this property benefits from significant foot and vehicular traffic. Its strategic location provides easy access to the 118 and 5 freeways, ensuring excellent connectivity for both customers and employees. The property's potential is further amplified by the upcoming construction of a new light rail line, promising increased accessibility and enhanced visibility. Currently, the property offers a rental upside, making it an attractive prospect for both investors seeking strong returns and owner-users looking to establish their business in a high-growth area. This is a rare opportunity to acquire a well-positioned retail property in a thriving community poised for significant future development. The asking price is $1,175,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $960,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,180,000
- 6.5%
- $1,010,000
- 7%
- $1,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,025,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $950,000
- Retail
- $975,000
- Mixed-Use
- $935,000
- Hospitality
- $940,000
- Educational
- $1,010,000
- Residential Income
- $1,255,000
- Energy
- $1,230,000
- Income-Based Land
- $1,100,000
- Food Service
- $1,155,000
Location Insight
- Map
- Local Demand
- City
- Pacoima
- County
- Los Angeles
- State
- California
- Longitude
- -118.423
- Latitude
- 34.2659
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
