For Sale
For Sale
-
Year Built
1958
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Total Building Size
1,875 RSF
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Overview
We are pleased to present 15422 Devonshire Street in Mission Hills, California. The property is a 2-unit retail building approximately 1,875 square feet in size and situated on 2,628 square feet of land. Property was previously used as a single tenant dispensary, but it is currently vacant and is ideal for an investor or owner-user looking for an affordable building in prime location.
The building is located near the signalized intersection of Devonshire and Sepulveda, which boast a combined traffic count of over 60,000 vehicles per day (31,000 for Devonshire & 29,900 for Sepulveda). Moreover, this intersection is the first primary intersection as you exit Devonshire Street from the 405-Freeway, making the building about 300-yards from the freeway. The property is surrounded by national retailers and two neighborhood centers, which including Vons, Target, Ross Dress for Less and a myriad of other national brands.
The property has parking in the rear, and the although the spaces are unmarked, appears to have room for about 6 vehicles, giving the property a 3 to 1 parking ratio. Entrance to the parking can be accessed from the adjacent shopping center through Devonshire or through the alley on Langdon Avenue.
At a price point of $795,000 this is one of the most affordable properties you can purchase in Los Angeles County in such a prime location.
Property Details
We are pleased to present 15422 Devonshire Street in Mission Hills, California. The property is a 2-unit retail building approximately 1,875 square feet in size and situated on 2,628 square feet of land. Property was previously used as a single tenant dispensary, but it is currently vacant and is ideal for an investor or owner-user looking for an affordable building in prime location.
The building is located near the signalized intersection of Devonshire and Sepulveda, which boast a combined traffic count of over 60,000 vehicles per day (31,000 for Devonshire & 29,900 for Sepulveda). Moreover, this intersection is the first primary intersection as you exit Devonshire Street from the 405-Freeway, making the building about 300-yards from the freeway. The property is surrounded by national retailers and two neighborhood centers, which including Vons, Target, Ross Dress for Less and a myriad of other national brands.
The property has parking in the rear, and the although the spaces are unmarked, appears to have room for about 6 vehicles, giving the property a 3 to 1 parking ratio. Entrance to the parking can be accessed from the adjacent shopping center through Devonshire or through the alley on Langdon Avenue.
At a price point of $795,000 this is one of the most affordable properties you can purchase in Los Angeles County in such a prime location.
- Property TypeRetail
- Submarket
- Year Built1958
- Sale Price$795,000
- Total Building Size1,875RSF
- Total Acres0.06
- Cap Rate5.0%
- Will build to suitNo
- SewerNo
- Corner lotNo
- Property ID2128603
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