Marcus & Millichap is pleased to present the opportunity to acquire the property located at 19340 Londelius Street in Northridge, California. The subject property consists of approximately 9,296 square feet of warehouse space and is situated on 0.34 acres of land. The single-tenant asset features a clear height of 14’, one grade-level door, four HVAC units, and eight parking spaces. Located just off Parthenia Street, the property has proximity to Interstate 405, California State Route 118, and California State Route 27. For sale as vacant, the property can be acquired for owner-use as a lease-up investment opportunity.
The subject property is located within the large West San Fernando Valley submarket, containing 48.5 million square feet of industrial space. In Q1 2025, the vacancy rate declined by 20 basis points to 4.8 percent as net absorption returned to positive territory and demolitions outpaced deliveries. Despite availability remaining tight, annual rent growth contracted within 10 basis points of the record low set in Q4 2009 at -4.0 percent. The decline in rent growth pushed the average market rent down to $20.60 per square foot. At the start of Q2, only 241,000 square feet of industrial space was under construction in the West San Fernando Valley submarket, keeping demand in the driver’s seat of vacancies and rents for the foreseeable future (CoStar).
The Los Angeles metropolitan area is home to a diverse population of 10.1 million, including over 4 million residents within city limits. The second largest city in the U.S. boasts an 81-mile coastline along the Pacific Ocean and is encircled by the picturesque Santa Monica and San Gabriel mountains, including the towering Mount San Antonio. Simply known as L.A., the city features a well-connected transportation network, including major interstates, Amtrak, Metrolink, and Los Angeles International Airport (LAX). The entertainment industry, nine Fortune 500 companies, and a prominent aerospace sector drive the economy. Los Angeles’ industrial activity is anchored by the Ports of L.A. and Long Beach which play a major role in the domestic supply chain as the leading point of imports from East Asia. With a growing population and high home prices, Los Angeles remains a vibrant and culturally rich metropolis.
BROKER OF RECORD
JIM MARKEL
Encino Broker of Record
16830 Ventura Boulevard, Suite 100
Encino, CA 91436
Tel: (818) 212-2700
Jim.Markel@MarcusMillichap.com
License #: 01253407
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, express or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2025 Marcus & Millichap. All rights reserved. (Activity ID: ZAF0120800)
