16909 Parthenia St Northridge, CA 91343-4551

This exceptional three-story, 24,199 square foot office building presents a compelling value-add investment opportunity in Los Angeles' North Hills/Northridge submarket. Located on Parthenia Street, the property boasts high visibility with approximately 30,781 cars passing daily, and convenient access to major freeways (405, 118, and 101). Currently at 44% occupancy, this multi-tenant building offers significant upside potential for an owner-user seeking immediate space (~9,000 SF) with room for future expansion as leases expire. Recent renovations totaling approximately $100,000 have upgraded common areas. The building sits within a robust office market with low vacancy rates (historically under 13.4% and currently at 8.6% according to Costar), benefiting from its location near The Mix, a 40-acre creative campus with numerous amenities. The surrounding area features a strong demographic profile, with 86,706 households within a 3-mile radius and an average household income of $87,477. This free-standing Class B building offers a welcoming setting at a competitive price point, approximately 15-20% below comparable Class A and medical office spaces. The 0.8-acre lot provides ample space, and the asking price is $7,138,000 ($294.97/SF).