Spectrum Commercial Real Estate is pleased to present 14248 - 14248 1/2 Oxnard Street to the market with a major price reduction/ priced to move.
This is a premier mixed-use owner/ user or investment opportunity in a prime Van Nuys location with Sherman Oaks adjacent. This is a multifamily and commercial structure complex situated on a large fenced-in and secured parcel.
Building A:
Two-tenant commercial buildings. Unit A is 1,326 square feet (currently vacant), and Unit B is 408 square feet, last leased through December 31, 2024.
The building features well-designed and flexible designs, ample power, excellent visibility along Oxnard Street, front glass windows (currently covered), potential building and pylon signage, and fenced and secured parking.
Building B:
Multifamily residential tri-plex + one non-conforming unit. The building is fully renovated and fully furnished with appliances, new flooring, and two new tankless water heaters. The tri-plex is leased through Airbnb on a short-term basis; the non-conforming unit is leased to an office with storage space; the rear covered storage area is occupied by the non-conforming unit tenant.
The property is located in a prime Van Nuys location, adjacent to Sherman Oaks. It has excellent demographics and a walk score. There are high traffic counts, ±32,300 CPD via Oxnard Street. The property is close to local amenities, restaurants, the Van Nuys Courthouse, public transportation, the Orange Line Station, Hotels, Van Nuys Airport, Sherman Oaks Fashion Square Mall, schools, daycare, and fitness centers. It is also minutes from the 405 and 101 freeway onramps.