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Northridge, CA 91324,8345 Reseda BLVD
$3,450,000
Est. payment /mo
$3,600,000
4.2%
Est.Price: ?

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0.59 Acres Lot
SOLD DATE : 07/01/2024

Key Details

Sold Price $3,450,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SR24088578

Year Built 1972

Lot Size 0.585 Acres

Property Description

Huge Price Reduction! Reseda Roscoe Professional Building is a 19,694 medical/office building located at 8345 Reseda Blvd., in Northridge, CA, within the San Fernando Valley designated market area. This asset is a great owner/user opportunity and also gives investors the opportunity to purchase at a huge value add
opportunity through soft repositioning and long term leasing strategies. Originally built in 1972, the Property contains a multi-tenant office building,
consisting of 24 office and medical spaces, situated on 0.59 acres with 39 surface parking spaces. Centrally located between the 118 fwy (4.5 miles)
and the 101 fwy (3.5 miles) providing easy access for clients and patients throughout the greater Los Angeles area. The building is centrally located
between the highly affluent areas of Sherwood Forest, Tarzana, Chatsworth and Porter Ranch. Reseda Roscoe Professional Building offers a significant value add via adaptive re-use with the possibility to convert to restaurant (RPBA Eligible Area). Reseda Roscoe Professional Building benefits from its
location within a SBA Hub Zone.

Location

State CA

County Los Angeles

Area Nr - Northridge

Interior

Laundry None

Exterior

Utilities Available Electricity Connected, Sewer Connected

Roof Type Flat

Building

Lot Description 0-1 Unit/Acre

Story 2

Water Public

Others

Acceptable Financing Cash, Government Loan

Listing Terms Cash, Government Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Edward Romero • Sunset Group Realty • 818-231-5974
Bought with General NONMEMBER • NONMEMBER MRML
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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