15143-15153 Ventura Blvd - Storefront FOR SALE


Sherman Oaks, CA 91403
$5,395,000 USD
415-378-5464
15143-15153 Ventura Blvd, Sherman Oaks, CA for Sale
$5,395,000 USD
Storefront - FOR SALE
1/29
null | Request Cap Rate

15143-15153 Ventura Blvd
Sherman Oaks, CA 91403


HIGHLIGHTS

  • Irreplaceable Core Ventura Boulevard Location: Strategically positioned along Sherman Oaks' most heavily trafficked commercial thoroughfare
  • Seamless Regional Access: Located blocks from the critical intersection of the Interstate 405 (San Diego Freeway) and US Route 101 (Ventura Freeway)
  • 100% Fully Stabilized Income Stream: Delivering immediate, reliable cash flow from an established multi-tenant roster
  • Protective Net Lease Structures (NNN): The majority of the standard commercial tenant base operates under Net lease agreements (NNN)
  • Two-Parcel Covered Land Play: Comprising two individual legal parcels with 13,068 Sq.Ft. of prime commercial ground under favorable LAC2 guidelines
  • Affluent South Valley Demographics: Situated in a supply-constrained Sherman Oaks submarket

OVERVIEW

Maher Commercial Realty is pleased to present the exclusive opportunity to acquire 15143-15153 Ventura Blvd, a 100% occupied street front retail strip on premier Ventura Boulevard frontage in the heart of Sherman Oaks. The asset consists of two adjacent parcels totaling 13,068 square feet of land under flexible LAC2 zoning, improved with two structures originally built in 1952 and 1953 comprising 7,500 square feet of gross leasable area across six units. The property currently generates $28,252 in gross monthly income from an established roster of service and specialty retail tenants including Sahaja Culture, Expert Insurance, Linda Lues Massage, Inaya, Shalom Giftshop, and No Mans Barber. This is an irreplaceable location. The property fronts Ventura Boulevard, the primary east west thoroughfare of the San Fernando Valley, carrying more than 34,000 vehicles daily with a Walk Score of 87. It sits directly across from BLVD Steak, Pizzana, and Sweet Butter Cafe, and minutes from Erewhon, Whole Foods, Gelson’s, and Ralphs. The Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row anchor the surrounding trade area, and the 101 Freeway is less than one mile away with the 405 interchange approximately two miles west. Frontage of this quality on this stretch of the boulevard is finite and rarely comes to market. The value add is direct and sits entirely within an incoming owner’s control. The majority of the tenant base operates under NNN lease structures, yet the owner is not currently charging for CAM, leaving common area and expense recoveries billed at a fraction of market. Bringing those recoveries to the levels supported by comparable Ventura Boulevard properties adds income with no capital investment required. Two units operate on open month to month tenancies that can be reset to current market rent on turnover, and the balance of the roster carries contractual annual increases already built into the leases. This asset is tailored for private syndicators, 1031 exchange buyers, and institutional operators seeking a high barrier to entry retail position in a premier Southern California submarket. An incoming owner captures stabilized cash flow on day one, executes a defined value add plan through expense recovery and rent resets, and patiently holds two contiguous LAC2 parcels positioned in the path of affluent West Valley consumer demand.

FOR SALE DETAILS

PRICE

$5,395,000 USD

PRICE/SF

$719 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

LAC2

APN/PARCEL ID

2264-007-011,2264-007-012

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.