Property Detail

Description

The subject property is a well-maintained neighborhood retail center located at 17851 Chatsworth Street, Granada Hills, California. The property benefits from a highly visible hard-corner location at a major signalized intersection with trafÏc counts exceeding 43,000 vehicles per day, providing exceptional exposure to both vehicular and pedestrian trafÏc. Approximately of the gross leasable area is currently vacant or occupied on month-to month terms, creating a rare opportunity for an owner-user to immediately occupy space while implementing a value-add leasing strategy. The vacant end-cap suite offers excellent frontage and visibility, making it ideal for an owner-user or a new tenant seeking prominent street presence. The center features 27 on-site parking spaces and is anchored by established professional tenants including a dentist, optometrist, and Edward Jones, providing stability and consistent customer trafÏc. Ownership has maintained the property in excellent condition with no deferred maintenance, allowing a new owner to focus on occupancy and income growth rather than capital improvements. The property is situated within the desirable Granada Hills community of the San Fernando Valley, one of the most established residential and commercial submarkets in Los Angeles. The surrounding area is characterized by strong demographics, high homeownership rates, and a stable consumer base that supports neighborhood-serving retail and professional services. The site’s position at a major intersection with over 43,000 average daily vehicle trips provides outstanding visibility and accessibility. Residents benefit from convenient access to nearby freeways, major employment centers, schools, and retail amenities throughout the San Fernando Valley. The surrounding neighborhood is afÒuent, with average household incomes exceeding $126,000, supporting strong spending power and long-term tenant demand. Combined with its excellent exposure, established tenant presence, ample parking, and significant leasing upside, the property represents an attractive investment and owner-user opportunity in a highly sought-after Los Angeles submarket.