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16018 Blythe St

7,275 SF Industrial Building Van Nuys, CA 91406 $3,959,844 CAD ($544 CAD/SF) 6% Cap Rate

Executive Summary

A distinctive investment opportunity in a prime industrial property located in the strategic Van Nuys submarket, nestled within the established San Fernando Valley. The property's convenient location enables excellent connectivity to the critical transport artery of the 405 freeway. Its proximity to the Van Nuys Airport bolsters value, offering direct inroads into the thriving local aviation industry. As a component of the larger Los Angeles industrial market, this property promises access to a robust economy and varied tenant base with sustained demand for industrial spaces. Ultimately, this investment provides a balanced mixture of location, accessibility, and economic advantage.

Property Facts

Price $3,959,844 CAD
Price Per SF $544 CAD
Sale Type Investment NNN
Cap Rate 6%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 0.30 AC
Rentable Building Area 7,275 SF
No. Stories 1
Year Built 1972
Tenancy Single
Parking Ratio 0.32/1,000 SF
Clear Ceiling Height 20 ft
No. Drive In / Grade-Level Doors 1
Opportunity Zone Yes

Amenities

  • 24 Hour Access
  • Bus Line
  • Fenced Lot

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2206-007-018
Land Assessment
$2,133,814 CAD
Improvements Assessment
$913,273 CAD
Total Assessment
$3,047,087 CAD

zoning

Zoning Code LAM2 (LA City M2 zoning allows for multiple uses including but not limited to stone cutting and fabrication, machine shops, woodworking, and recycling.)
LAM2 (LA City M2 zoning allows for multiple uses including but not limited to stone cutting and fabrication, machine shops, woodworking, and recycling.)
  • Listing ID: 32186161

  • Date on Market: 2024-06-19

  • Last Updated:

  • Address: 16018 Blythe St, Van Nuys, CA 91406

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