16924-16926 Saticoy St — Sale in Van Nuys, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Office
  • Location: Van Nuys, CA 91406

Photos

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Investment Figures

Cap rate
4.95%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively offer for sale 16924 W. Saticoy Street, Van Nuys, California, a rare freestanding owner-user and investment opportunity located in the heart of the San Fernando Valley’s Lake Balboa/Van Nuys corridor. Offered at $3,325,000 ($374.61 per square foot), the property consists of an approximately 8,876-square-foot single-story commercial building situated on an expansive 20,968-square-foot (0.48-acre) C2-zoned parcel with approximately 36 on-site surface parking spaces. The combination of a freestanding building, large commercial parcel, and abundant on-site parking is exceptionally difficult to find in today’s supply-constrained Los Angeles market. The property will be delivered vacant, offering an incoming buyer a true blank canvas with the ability to utilize the building for a wide variety of commercial uses. Originally constructed in 1955 as a bank, later converted to professional office use, and most recently occupied by an art academy, the building’s history is a testament to its remarkable adaptability. The full contiguous floor plate, high unfinished vaulted ceilings, and multiple storefront entrances make the property uniquely suited for either single-tenant or multi-tenant occupancy. The existing configuration lends itself to being demised into multiple suites, allowing an owner-user to occupy only the space it requires while leasing the remaining area to offset occupancy costs. Likewise, investors have the flexibility to reposition the asset for either a single-credit tenant or a multi-tenant tenancy strategy, maximizing leasing flexibility and capturing market rental rates. Whether configured for creative office, showroom, medical, educational, fitness, retail, restaurant, religious, flex, or other commercial uses, the property’s flexible C2 zoning supports one of the broadest ranges of permitted uses in the City of Los Angeles. A defining feature of the offering is its exceptional visibility and infill location. Si

Market Context

This office in Van Nuys, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing office assets. Compare it against other office listings for sale in Van Nuys, CA — view the full market.

As of Q2 2026, the Greater Los Angeles office market showed average asking rents near $43.08/SF/yr. Source: multiple brokerage reports, Q2 2026.

Estimated Price per SF

$120.58/SF – $876.96/SF

Mid: $365.40/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact the listing broker

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Questions to ask the broker

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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