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4537-4541 Van Nuys Blvd

4,563 SF Retail Building Sherman Oaks, CA 91403 £2,618,883 (£574/SF) 5.25% Net Initial Yield

Investment Highlights

  • New 10-year lease extension from Romantix with annual increases
  • High Barrier to Entry Submarket of Los Angeles
  • Single Tenant NNN Asset
  • Densely populated area

Executive Summary

The Subject Property is +4,563 square feet of net-leased storefront retail space on a +7,514 square foot lot, prominently located in Sherman Oaks, CA. It is currently under a long-term, NNN lease to Romantix.
Positioned along Van Nuys Boulevard between the 101 Freeway and Ventura Boulevard, the property benefits from significant exposure to vehicular traffic, with an average car count of 55,190 cars per day moving north and south. This location is further enhanced by its proximity to a high-traffic, grocery-anchored shopping center directly across the street, ensuring consistent consumer footfall. The property includes onsite parking for eight vehicles, in addition to one designated handicapped parking space, catering to customer convenience and accessibility.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,563 SF
Building Class
C
Year Built
1956
Price
£2,618,883
Price Per SF
£574
Net Initial Yield
5.25%
NOI
£137,462
Tenancy
Single
Number of Floors
1
Building FAR
0.59
Land Acres
0.18 AC
Zoning
C2 - Commercial
Parking
9 Spaces (1.97 Spaces per 1,000 SF Leased)

Amenities

  • Pylon Sign
  • Signage
Walk Score ®
Very Walkable (86)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

U.S. Bank
Gyu-Kaku Japanese BBQ
Citi
Gelson's Market
Wolfgang Puck
Starbucks
Luna Grill
Bank of America
CAVA
Whole Foods Market

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2265-011-032
  • 2265-011-033
Land Assessment
£841,808
Improvements Assessment
£360,773
Total Assessment
£1,202,581
  • Listing ID: 33846054

  • Date on Market: 12/11/2024

  • Last Updated:

  • Address: 4537-4541 Van Nuys Blvd, Sherman Oaks, CA 91403

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