Investment Overview

Marcus & Millichap is pleased to present 18650 Parthenia Street, a rare opportunity for an owner-user to acquire a freestanding commercial building in the heart of Northridge, one of the San Fernando Valley’s most densely populated and supply-constrained submarkets. Opportunities to purchase vacant, small-format commercial buildings in this area are increasingly limited, making this offering particularly attractive for businesses seeking long-term control of their real estate. The property consists of an approximately 2,218 square foot single-story commercial building constructed in 1963, featuring masonry construction, situated on an approximately 0.12-acre parcel. In addition to the main structure, the property includes an estimated 890 square feet of covered storage area (not included in the building square footage), as well as gated on-site parking for approximately six vehicles. The asset also benefits from a pylon sign along Parthenia Street, providing excellent street visibility and exposure. Together, these features offer added functionality and flexibility for a wide range of users. The property is zoned [Q] CM-1VL, allowing for a broad range of commercial and light industrial uses. This flexibility, combined with the building’s efficient layout, makes it well-suited for a variety of operations including office, medical, light industrial, retail, or service-based businesses. The ability to tailor the space to specific operational needs provides a significant advantage over leasing in today’s competitive market. Delivered vacant at close of escrow, the property offers immediate occupancy, eliminating downtime and allowing a user to quickly establish or expand their presence. For many businesses, this presents a strategic alternative to rising lease rates and limited availability of quality space, while also providing the long-term benefit of building equity and controlling occupancy costs.