Marcus & Millichap is pleased to present 10820 Ventura Boulevard, a freestanding 3,035 SF commercial building situated on a 0.20-acre parcel in the highly sought after Studio City submarket. Located along one of Los Angeles’ most prominent retail corridors, Ventura Blvd, the property offers a rare opportunity for an owner-user, investor, restaurateur, medical operator, or retailer to acquire a highly visible asset with abundant parking, flexible zoning, and significant repositioning potential. The property’s existing Certificate of Occupancy permits restaurant use and will be delivered vacant, presenting a compelling opportunity for an owner-user to create a customized flagship location or for an investor to reposition and enhance the asset in order to capitalize on the strong underlying fundamentals of the Studio City submarket. The asking price reflects a discounted basis on a price-per-square-foot basis to account for the property’s current condition, allowing a buyer to renovate and customize the asset to meet their operational needs while creating immediate value through strategic improvements. One of the property’s most compelling features is its exceptional on-site parking. The site currently provides 12 dedicated parking spaces (3.95/1,000 SF) with the ability to increase capacity to as many as ~19 spaces through tandem parking configurations, resulting in an outstanding ratio of approximately 6.26/1,000 SF. In addition, the property’s eligibility under California’s AB 2097 legislation creates a unique adaptive reuse opportunity, allowing for a conversion to parking intensive uses, including medical or dental office applications, without requiring additional parking beyond what currently exists on site. The building has benefited from several recent capital improvements, including a complete roof replacement in 2019 and fumigation completed in July 2026. These improvements provide a solid foundation for a buyer’s renovation plans.