Elies Village

Investment Overview

Value-add neighborhood shopping center FOR SALE – Near CSUN: $4,500,000 Exceptional investment opportunity in the heart of Northridge. This well-located neighborhood shopping center sits just half a mile from California State University, Northridge (CSUN)—one of the largest universities in California with nearly 40,000 students and faculty generating steady traffic and demand for daily-needs retail. Positioned at the signalized northwest corner of Parthenia Street and Lindley Avenue, the property benefits from strong visibility, high vehicular traffic counts, and convenient access from both major corridors. The center totals approximately 11,050 square feet of building area, situated on a 19,166-square-foot lot, offering an efficient site layout and excellent curb appeal. The property includes 20 on-site parking spaces, providing ample customer parking and enhancing the shopping center’s accessibility. Surrounded by dense multifamily housing—including a high concentration of student-oriented residential communities—the location supports a consistent consumer base year-round.

Investment Highlights

• Value-Add Investment Opportunity
• Cap Rate 5.03%
• NOI $226,376
• Proforma CAP Rate 6.66%
• Proforma NOI $298,545.72
• NNN Lease Investment
• Situated on a Major Signalized Intersection — Lindley + Parthenia
• 9-Unit Center
• 11050 SF Building On 19,166 SF Lot
• Built in 1986
• Superbly Located in Prime Northridge