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Key Details
Sold Price $3,450,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 19,694 sqft
Price per Sqft $175
MLS Listing ID CRSR24088578
Sold Date 07/01/24
HOA Y/N No
Year Built 1972
Lot Size 0.586 Acres
Acres 0.59
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 Listing
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected
Building
New Construction No
Others
Tax ID 2785018006
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with GeneralNonmember