Property profile

6851 Lennox Ave Van Nuys, CA 91405

FOR LEASE
Office buildings
Property ID
US09-6185158
25,704 SF 0.84 ac lot Built 1968
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional two-story office building, located at 6851 Lennox Avenue in Van Nuys, California, offers a total of 12,516 square feet of space. Currently, there is 6,415 square feet immediately available for lease, perfect for a variety of business needs. The building is classified as both Traditional and Executive Office space, catering to diverse occupancy requirements. The property features ample free parking, with a ratio of 3.5 spaces per 1,000 square feet. Conveniently located in Los Angeles County, zip code 91405, this property boasts easy access to major transportation routes. The building includes elevators for efficient vertical movement between the two floors. The multiple tenancy structure allows for flexibility in lease terms and configurations. This is a fantastic opportunity to secure a well-maintained, spacious office building in a thriving Los Angeles neighborhood. The available space presents a unique chance to establish a prominent presence in a desirable location. With its combination of size, amenities, and location, this property is an ideal choice for businesses seeking a functional and prestigious office environment. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1968
Construction TILT-UP CONCRETE
Total area 25,704 SF
Lot 0.84 ac (36,603 SF)
Zoning code LAC2
APN 2217-010-025
UPID US09-6185158

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Law Firm
  • Medical Clinic
  • Physician Medical Clinic
  • Rehabilitation Center Social Worker

Location

6851 Lennox Ave Van Nuys, CA 91405
Van Nuys metro Census 127910 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.68M
Blend (final) Blend
$4.41M

Owner & transaction history

since 2014
5 recorded transactions
2021
Price N/A
2014
Price N/A
1997
$451,000
1969
Price N/A
1964
$78,000

Zoning & alternative use

LAC2 · Van Nuys, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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