Sherman Oaks, CA 91423 13242 Riverside Drive
$800,000
4 more
Presented By: Raymond Rodriguez with Equity Union; 818-581-5829
Home Details
We are proud to present, a value-add, single-tenant retail opportunity located at 13424 & 13242 ½ Riverside Drive in the highly desirable City of Sherman Oaks, California. Potential for interest-only Seller financing.
The property consists of 2 individually metered spaces, currently leased on a month-to-month basis to one tenant, offering an owner-user the ability to occupy part of the space, while leasing out the other, off-setting the mortgage, or for an astute investor looking to reposition the property and bring the rents up to market.
The space is currently occupied by Nail Fetish, a long-term tenant that is operating at a rental rate of $1.98 p/sf, far below the market average of ±$3.36 p/sf.
The property encompasses roughly ±1,225 square feet and is situated on a ±3,000 square foot lot, offering a zoning of LAC1.5. Per city records, the building was constructed in 1949 of wood frame with a flat roof and stucco exterior, and recently ownership installed a new 200-amp commercial main panel, as well as one sub-panel, and new Siemens meters.
Sherman Oaks is a vibrant neighborhood located in the San Fernando Valley region of Los Angeles, California. Known for its tree-lined streets, upscale residential areas, and bustling commercial districts, Sherman Oaks offers a blend of suburban charm and urban convenience. The neighborhood is bordered by Studio City to the east, Van Nuys to the north, Bel-Air and Beverly Hills to the south, and Encino to the west.
Sherman Oaks is characterized by a mix of housing options, including single-family homes, condominiums, townhouses, and apartment buildings. The neighborhood's residential real estate market is robust, with properties ranging from charming mid-century homes to modern luxury estates. Sherman Oaks' desirable location, excellent schools, and neighborhood amenities contribute to its appeal among homebuyers and renters alike.
Sherman Oaks is a dynamic and desirable community in the heart of the San Fernando Valley, offering a high quality of life, a strong job market, and a diverse range of amenities. With its thriving economy, diverse population, and convenient location, Sherman Oaks continues to attract residents and businesses seeking a vibrant and welcoming place to live, work, and play
Presented By: Raymond Rodriguez with Equity Union; 818-581-5829
Interior Features for 13242 Riverside Drive
Other Interior Features
LivingAreaSourcePublicRecords
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 13242 Riverside Drive
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces0.0
Carport Y/NNo
CitySherman Oaks
CountyLos Angeles
Days on Market76
Directions13242 Riverside Dr, Sherman Oaks, CA 91423
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3000.0
Lot Size UnitsSquareFeet
MLS AreaSO - Sherman Oaks
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeOwner
Open Parking Spaces5.0
Private PoolNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
View Y/NNo
Waterfront Y/NNo
Year Built1949
Exterior for 13242 Riverside Drive
Building Area Total1225.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.0689
Lot Size Area3000.0
Lot Size SourcePublicRecords
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480