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Property profile & analytics
FOR SALE
Retail space

19740 Sherman Way Winnetka, CA 91306

4,005 SF 0.19 ac lot Built 1956
Individually Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US09-7824609
Property summary
AI-generated overview

This exceptional multi-tenant retail property at 19740 Sherman Way, Winnetka, CA, presents a compelling investment opportunity. Spanning 4,005 square feet on a 0.19-acre lot, the property boasts three established, long-term tenants, providing immediate and consistent cash flow. A key feature is the inclusion of a cell tower with a secured, long-term lease, offering a stable and predictable income stream. The property's strategic location in a high-traffic area ensures excellent visibility and accessibility for all tenants, maximizing their potential. Individual gas and electric meters simplify utility management and cost allocation. Six convenient parking spaces are available for tenants and customers. The property is zoned LAC4 and offers a compelling 4.30% capitalization rate, making it an attractive addition to any investment portfolio. This turnkey investment requires minimal management, offering a strong return on investment with the security of established tenants and a diverse income stream. The property's location and tenant mix provide a solid foundation for long-term growth and profitability. This is a rare opportunity to acquire a well-established, high-performing retail property in a desirable location.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1956
Construction WOOD
Total area 4,005 SF
Lot 0.19 ac (8,104 SF)
Zoning code LAC4
APN 2135-016-008
UPID US09-7824609
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Roy Jackson · 4 yrs held
Roy Jackson
since 2022
Last sale
$300,003
7 recorded transactions
2022
$300,000
2019
Price N/A
2019
$320,000
2019
$1.5M
2019
Price N/A
2018
Price N/A
1998
Price N/A
Zoning & alternative use
LAC4 · Winnetka, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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