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23701-23751 Roscoe Blvd
Canoga Park, CA 91304

$7,850,000 USD

General Retail For Sale  •  27,919 SF

Property Details

  • Property Type General Retail
  • Total Building Size 29,386 SF
  • Lot Size 2.68 AC
  • Building Class C
  • Year Built 1977
  • Cap Rate 6.50 %
  • Tenancy Multiple
  • Zoning LAC2 / P1
10 Transit Score
40 Walk Score

Highlights

100% occupied strip center leased to 13 tenants with an average tenancy of 9.8 years, reflecting strong tenant retention
Approximately 95% NNN leases with tenants paying ~$0.66/SF/month in recoveries, minimizing landlord expense exposure
Service-oriented, internet-resistant tenant mix serving as a primary neighborhood retail destination
Mark-to-market opportunity with rental upside exceeding 15% as leases roll, supported by recent deals above $2.50/SF + NNN
Average household income exceeds $175,000 within one mile, with median home values above $1,000,000
Excellent visibility with ~575 feet of frontage along Roscoe Boulevard and 70 surface parking spaces (2.38:1,000)

Property Flyers

Cap Rate: 6.50 %

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Chatsworth (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 11 min - 4.8 mi
15 min - 6.4 mi
AirportDriveWalkDistance
Bob Hope 34 min - 17.8 mi
Los Angeles International 45 min - 31.5 mi
Long Beach (Daugherty Field) 64 min - 49.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 70
Type: Surface
Included in Rent: Yes
Andrew Leff 818-939-4058 The CREM Group
Andrew Leff 818-939-4058 The CREM Group