Canoga Park, CA 91303,22159 Sherman WAY
Canoga Park, CA 91303,22159 Sherman WAY
Canoga Park, CA 91303,22159 Sherman WAY
Canoga Park, CA 91303,22159 Sherman WAY
Canoga Park, CA 91303,22159 Sherman WAY
Canoga Park, CA 91303,22159 Sherman WAY
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$695,000

$695,000

Est.Price: ?

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Est. payment /mo

4,356 Sqft Lot


SOLD DATE : 03/11/2022

Key Details

Sold Price $695,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 21103941

Sold Date 03/11/22

HOA Y/N No

Year Built 1951

Lot Size 4,356 Sqft

Property Description

The subject property is located on the prime signalized intersection of Sherman Way and Farralone Dr, and is operated by a single-tenant, currently running a children's school. The structures are comprised of one front building that has three classrooms, one bathroom, one office. There is also a garage in the back that was converted into a larger classroom and has one bathroom. The rest of the lot interior is used as an outdoor/play/recess area for students. The current tenant is paying $3,500 per month, and has scheduled rent escalation to bring the rent up to $3,710/month through 2022, $3,895 through 2023 and $4,200/month through 2024. The site offers major visibility on a prime commercial corner that boasts a traffic count of over 21,000 cars per day. This is a probate sale, but not subject to court confirmation. Please make your offer on the CAR Probate Purchase Agreement.

Location

State CA

County Los Angeles

Area Cp - Canoga Park

Zoning C1

Interior

Heating Baseboard, Central, Electric, Forced Air

Fireplace No

Exterior

Community Features Gated

Building

Lot Description Back Yard, Corner Lot, Front Yard

Story 1

Others

Tax ID 2023009012

Security Features Gated Community

Special Listing Condition Probate Listing

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California Regional MLS (CRMLS)
Listed by Maher Probate Realty
Bought with Non-Member Default • Default Non-Member Office
agent-avatar

+1(619) 519-2303

steve@stevelucal.com

PO Box 181892, Coronado, California, 92178, United States

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