Los Angeles, CA - A unique owner user opportunity has emerged on Valley Blvd., offering the chance to occupy over 51% of the property and qualify for SBA owner user financing. eXp Commercial proudly presents this exceptional opportunity, which includes a free-standing extra rear unit living quarters, on-site parking at the rear of the front unit, and a non-contiguous parking lot included in the sale.
The property highlights include a 3-star retail freestanding building spanning 5,750 square feet, offering immense potential for various retail ventures. With an 85-foot frontage on Valley Blvd., the property enjoys excellent visibility and accessibility. The single-story building, constructed in 1946, features multiple tenants, including a long-term tenant occupying the additional front unit.
Los Angeles is renowned for its diverse demographics, creative economy, and entrepreneurial spirit, creating a vibrant retail market that continues to evolve. The demand for retail space is supported by the city's 10 million residents, a quarter-million daily commuters, and approximately 40 million annual overnight visitors. Although the market has experienced some challenges, including reduced commuting flows due to hybrid work environments and the impact of the pandemic, retail spaces near residences have seen increased demand, attracting grocery stores and fitness centers.
Asking rents in the market average $35.00 per square foot annually, with variations across different areas. Sales activity remains strong, indicating continued investor interest in acquiring retail properties. Recent sales have showcased diverse strategies, from well-leased top-tier centers to properties requiring reinvention or redevelopment.
For inquiries and additional information, please contact:
● Charles Swanberg: 310.406.6767, charles.swanberg@expcommercial.com, CalDRE #00973712
● Ophelia Wilson: 949.423.5123, opheilia.realtorhomes@gmail.com, CalDRE #01990530
Charles Swanberg Bio:
Charles Swanberg is a seasoned real estate professional with a wealth of experience in both residential and commercial sectors. As the Chief Real Estate Officer at W America Realty in San Gabriel, California, he brings extensive knowledge and expertise to oversee brokerage operations. With a background that spans over 20 years in real estate, Charles has excelled in various roles, including residential realtor, industrial brokerage specialist, and corporate middle-market banking professional. He holds a Bachelor of Science in Business Management from the Graziadio School of Business at Pepperdine University. As an immigrant from Japan and a fluent Japanese speaker, Charles offers a unique perspective and is well-equipped to cater to diverse clientele. With his impressive track record and passion for real estate, Charles Swanberg continues to make a significant impact in the industry.
Media Contact
Company Name: Industrial Logistics
Contact Person: Charles Swanberg
Email:Send Email
Phone: 3104066767
Country: United States
Website: www.expcommercial.com
