Coldwell Banker Commercial Realty is pleased to present 17717 Ventura Boulevard, Encino, CA, a stabilized NNN investment opportunity with significant long-term redevelopment potential along one of the San Fernando Valley’s most prominent commercial corridors. The property is currently leased to Enterprise Rent-A-Car and includes a separate ground lease with AT&T for a communications facility, providing approximately $238,000 in annual net income. The dual-tenant structure offers predictable cash flow supported by national tenancy while preserving future flexibility. Situated on approximately ±40,673 square feet along Ventura Boulevard, the site benefits from excellent visibility, strong traffic counts, and convenient access to the US-101 Freeway. The property is located within an Opportunity Corridor (OC-2) and in proximity to High-Quality Transit, supporting multiple potential development pathways, including By-Right residential, Mixed Income Incentive Program (MIIP), Affordable Housing Incentive Program (AHIP), or senior housing, subject to buyer verification. This offering represents a true covered land play, allowing an investor or developer to maintain income while pursuing entitlement and long-term repositioning strategies. With a location in an affluent, supply-constrained Encino submarket and strong frontage along Ventura Boulevard, the asset provides a rare opportunity to acquire a well-positioned infill site with both current income and future upside.