213-446-7543
19522-19598 Ventura Blvd, Tarzana, CA for Sale
Retail - FOR SALE
1/23
null | Request Cap Rate

19522-19598 Ventura Blvd
Tarzana, CA 91356


HIGHLIGHTS

  • STABILIZED SAN FERNANDO VALLEY MIXED-USE PROPERTY WITH UPSIDE
  • HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES

OVERVIEW

STABILIZED SAN FERNANDO VALLEY MIXED-USE PROPERTY WITH UPSIDE * EXCELLENT IN-PLACE INCOME WITH APPRECIATION POTENTIAL | Offered at ±94.3% occupancy and a net operating income of $1.49 million in year 1 of ownership, the investment offers excellent immediate cash flow potential plus the ability to raise rents and convert gross leases to NNN. * IDEAL PROPERTY LAYOUT AND UNIT SIZE | Consisting of units between 900-3,000 sq. ft. each, Capri Plaza offers a range of unit layouts that helps maximize rent collections. With ample parking, service elevator, and strong signage, the plaza caters to a wide range of users. * PRICED BELOW REPLACEMENT COST | At anticipated pricing, the Property is priced well below the all-inclusive cost of building a similar 59,981 sq. ft. mixed-use building. HIGHLY STRATEGIC AND DESIRABLE REAL ESTATE LOCATION WITH PARKING IN THE WEST SAN FERNANDO VALLEY OF LOS ANGELES * ONE (1) LARGE PARCELS WITH 185 DEDICATED SURFACE PARKING | Capri Plaza benefits from a large surface parking area providing easy access for consumer visiting the center. Additionally, excellent signage and superior frontage of 414 ft. along Ventura Boulevard givens tenants’ maximum exposure. * PROXIMITY TO PROVIDENCE CEDARS-SINAI MEDICAL CENTER | Capri Plaza is less than two (2) miles from Providence Cedars-Sinai Tarzana Medical Center, which boasts 245 licensed beds and over 1,455 full-time employees. Providence-Cedars is the main hospital catering to the West San Fernando population and recently completed a several hundred-million-dollar renovation. * NEAR WARNER CENTER & MAJOR EMPLOYMENT DRIVERS | Capri Plaza is located within three (3) miles from Warner Center - a prominent business district in the western San Fernando Valley. Known for its concentration of office buildings, retail centers, and residential complexes, Warner Center serves as a hub for commerce and community life and is also home to the Los Angeles Rams headquarters and practice facilities.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Capri Plaza Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

185

LAND DETAILS

LAND ACRES

3.25 AC

LAND SF

141,570 SF

ZONING

LAC2

APN/PARCEL ID

2164-016-027

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

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