4367 Woodman Ave 8,325 SF 73% Leased Retail Building Sherman Oaks, CA 91423 $4,880,365 CAD ($586.23 CAD/SF) 4.18% Cap Rate

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 4367 Woodman Avenue, an 8,325 square foot two-story strip center situated on 0.25 acres of land (11,117 SF) ideally located at the SW signalized corner of Woodman Avenue and Moorpark Street, less than 0.2 miles north of Ventura Boulevard, in Sherman Oaks, CA
The Asset
4367 Woodman Avenue presents a rare opportunity to acquire a multi-tenant strip center at a premier signalized corner in the heart of Sherman Oaks, one of the San Fernando Valley’s most supply-constrained and affluent submarkets. The two-story asset is comprised of four units, three ground floor retail suites and a single second-floor retail unit encompassing the entire upper level, currently occupied by a complementary mix of service and food-and-beverage tenants operating on short-term gross leases.
The investment thesis is anchored by meaningful embedded upside. In-place rents sit well below market, and because the existing tenants occupy on a gross basis with staggered near-term expirations, an incoming owner can both mark rents to market and restructure leases to recapture operating expenses currently borne by ownership. A value-add investor can systematically reposition the rent roll through renewal or replacement as leases expire, driving net operating income materially above current levels. Concurrently, the vacant second-floor unit, a former gym occupying the entire upper floor, offers an owner-user the ability to occupy a substantial, contiguous footprint while drawing durable income from the ground floor tenants, an increasingly scarce option in a market where quality owner-user product rarely trades.
The Location
The property occupies a premier signalized corner at Woodman Avenue and Moorpark Street, less than a quarter mile north of Ventura Boulevard, the San Fernando Valley’s preeminent commercial corridor. The hard-corner position commands significant frontage along both thoroughfares and benefits from combined traffic counts exceeding 46,000 vehicles per day, affording exceptional visibility within one of the Valley’s most heavily trafficked retail nodes.
Sherman Oaks remains among the most affluent and supply-constrained submarkets in the Valley, with a residential population exceeding 514,000 within five miles and average household incomes above $133,000. Anchored by national retailers including Westfield Fashion Square and The Shops at Sportsmen’s Lodge and located less than half a mile from the Ventura (101) Freeway, the corridor’s entrenched tenant demand and high barriers to new development underpin durable rents and long-term stability.