14426 Friar Street

Description

Exceptional mixed-use residential/commercial investment opportunity ideally located near the Van Nuys Courthouse, offering outstanding visibility, flexibility, and income potential. This well-positioned property encompasses approximately 3,236 sq ft and is perfectly suited for both owner-users and savvy investors seeking a value-add asset in a high-demand area.The upper level features a spacious and light-filled 2-bedroom, 2-bathroom residential unit, ideal for owner occupancy or premium rental income. The ground floor offers two versatile storefront spaces with excellent street presence, which can be utilized separately or combined into one expansive commercial suite perfect for maximizing functionality and tenant options.At the rear, the property provides generous parking for approximately 710 vehicles an invaluable amenity for both residential and commercial use. The flexible layout supports a wide range of potential uses, including retail, office, creative workspace, warehouse, bail bonds, dispensary (buyer to verify), or a mixed-income rental configuration. The property will be delivered vacant at the close of escrow, presenting a rare opportunity to customize and lease at current market rates or design a tailored owner-user setup. Significant recent improvements include new plumbing and electrical systems, along with updated framing and freshly installed drywall creating a true blank canvas ready for your vision. With its strategic location, strong fundamentals, and extensive upgrades, this property offers tremendous upside potential and long-term value.