Retail•Street Retail•For Sale

15422 Devonshire Blvd

15422 Devonshire St, Mission Hills, California 91345

Sale Price $795,000
Sale Type Owner User
Zoning C2
Bldg Type Multi-Tenant
Year Built 1958
Stories 1
Cap Rate 5.49%
Vacancy 100%
Gross Bldg 1,875 SqFt
Land Area .06 Acres
Net Op Inc $43,650
Market San Fernando Valley
Sub-Market Mission Hills
We are pleased to present 15422 Devonshire Street in Mission Hills, California. The property is a 2-unit retail building approximately 1,875 square feet in size and situated on 2,628 square feet of land. Property was previously used as a single tenant dispensary, but it is currently vacant and is ideal for an investor or owner-user looking for an affordable building in prime location. The building is located near the signalized intersection of Devonshire and Sepulveda, which boast a combined traffic count of over 60,000 vehicles per day (31,000 for Devonshire & 29,900 for Sepulveda). Moreover, this intersection is the first primary intersection as you exit Devonshire Street from the 405-Freeway, making the building about 300-yards from the freeway. The property is surrounded by national retailers and two neighborhood centers, which including Vons, Target, Ross Dress for Less and a myriad of other national brands. The property has parking in the rear, and the although the spaces are unmarked, appears to have room for about 6 vehicles, giving the property a 3 to 1 parking ratio. Entrance to the parking can be accessed from the adjacent shopping center through Devonshire or through the alley on Langdon Avenue. At a price point of $795,000 this is one of the most affordable properties you can purchase in Los Angeles County in such a prime location. The building is located near the signalized intersection of Devonshire and Sepulveda, which boast a combined traffic count of over 60,000 vehicles per day (31,000 for Devonshire & 29,900 for Sepulveda). Moreover, this intersection is the first primary intersection as you exit Devonshire Street from the 405-Freeway, making the building about 300-yards from the freeway.
  • • Affordable Two-Tenant Retail Property in a Prime Location
  • • Near the Corner of Devonshire & Sepulveda
  • • Combined Traffic Counts of Over 60,000 Vehicles Per Day
  • • Parking in the Rear with Room for 6 Vehicles
  • • Surrounded by National Retailers, Vons, Target, Ross
12/10/2019 12:20:29 AM 1/18/2020 10:20:55 PM
Kirk Garabedian
Director
KW Commercial
SEND ME A MESSAGE

SEND A MESSAGE

0/100
dummy toaster to trick _toastr script loaded by scripts.js Show Default