21012 Sherman Way
Canoga Park, CA, 91303 $ 4,750,000
Bedrooms-- Baths-- Sq 19,160 Monthly Estimate*
$ 29,634
Listed by Keller Williams Studio City
for $4,750,000. This 19,160 square foot building was built in 1962 on a lot size of 1.4956.
21012-21034 Sherman Way comprises an automotive service center of four commercial buildings on three contiguous parcels. The portfolio offers 19,160 SF of RBA on a 65,148 SF lot situated along Sherman Way, anchored by signalized intersections. The asset benefits from excellent visibility prominent street signage, substantial frontage, and over 80 on-site parking spaces ensuring easy customer access for a car dealership, repair shop or body-work operation. The Portfolio features showrooms, offices, spray booths, hoists & 11 above-ground lifts, Clarifiers, above-ground tanks, updated fire suppression system, rotary lifts, separate primer zone. The offering presents investors with a value-add opportunity: reposition the asset with new tenants, enhance market rents on a NNN basis, and unlock upside through active management. It likewise suits an owner-user seeking to expand an existing automotive business in a high-traffic location. 21012 -21024 Sherman Way is a commercial property comprised of a retail showroom with signage and 42 feet of frontage along Sherman Way, 9 automotive bays, 2nd floor office space, and a freestanding building totaling 3 structures designated for vehicle sales and rentals. Built in 1962, the structures are 14,948 SF on a 51,000 SF lot, 25,500 of which is designated as a commercial parking lot with 80 parking spaces. The Property is currently leased to Nationwide Auto Exchange, an auto body repair and paint shop for vehicles. 21034 Sherman Way encompasses a 4,212 SF auto repair garage on a 14,049 SF lot with 4 bays, an office, spray-paint infrastructure, rotary lifts. 21034 Sherman Way is currently leased to Auto Craft Collision, an auto body repair and vehicle paint shop.
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FeaturesGeneralZoning LAC2
HOA Fee 0
Security Features Gated Community
Year Built 1962
Electric Heavy
Community Features Gated
County Los Angeles
Net Operating Income 255817
Property Type Commercial Sale
Special Listing Conditions Probate Listing
Status Active Under Contract
Directions Cross streets: Sherman Way & De Soto Ave
City Canoga Park
MLS Area CP - Canoga Park
Lot Size Units Square Feet
Lot Size Square Feet 65148
Standard Status Active Under Contract
Cap Rate 5.4
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InteriorTotal Stories 2
Total Baths 0
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ExteriorLot Features Rectangular Lot
Total Parking 89
Lot Size Area 65148
Number of Buildings 4
Building Area Total 19160
Lot Size Acres 1.4956
Lot Size Source Assessor
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* Excluded FeaturesList ByKeller Williams Studio CityBroker
Affordability Calculator
- Monthly Principal & Interest
- $29,634
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Canoga Park, CA
Average List Price $2,355,500
Percent of Sale Price 50%
About Canoga Park, CA 75,226 Population
0% Since 2002
$ 0 Median Income
0 Median Age
39% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/25/2025 | $4,750,000 | | Listed Price |