19709 Ventura Blvd - Office FOR SALE


Woodland Hills, CA 91364
$2,350,000 USD
818-514-2204
19709 Ventura Blvd, Woodland Hills, CA for Sale
$2,350,000 USD
Office - FOR SALE
1/6
null | 2.08% Cap Rate

19709 Ventura Blvd
Woodland Hills, CA 91364


HIGHLIGHTS

  • The ground floor retail is made up of four (4) retail units, one separate unit in the rear, and five (5) second floor office units totaling 5,818 SF
  • The property is 41.12% occupied generating $6,533.00 per month or $3.01/SF on gross leases
  • The current tenancy is on short term leases with an average term remaining of 0.28 years with the longest lease expiring in 4/30/2025
  • Short-term leases create an immediate value-add opportunity or ability for an owner-user to occupy a portion or all of the property for their own use
  • Ideally positioned one parcel west of the NW signalized corner of Corbin Avenue and Ventura Boulevard
  • Approximately 50 feet of linear frontage along Ventura Boulevard

OVERVIEW

illi Commercial Real Estate is pleased to present 19709 Ventura Boulevard, a 5,818-square-foot mixed-use retail and office property situated on 0.15 acres of land (6,603 SF) in the affluent West San Fernando Valley submarket of Woodland Hills, CA.19709 Ventura Boulevard is currently 41.12% occupied by a mix of ground-floor retail tenants and second-floor office tenants. The ground floor is made up of four (4) retail units and one additional unit in a separate structure in the rear totaling 3,091 square feet (an average 618 square foot per unit). On average, the ground floor tenants are paying $3.08/ SF per month (or $5,122.00 monthly) on gross leases. The ground floor tenants are on short-term leases, with an average remaining lease term of 0.24 years, with the longest lease expiring on 4/30/2025. The subject property benefits from excellent visibility and frontage, ideally located one parcel west of the NW signalized corner of Corbin Ave & Ventura Blvd, with approximately 50 feet of linear frontage along Ventura Boulevard. The property is served by 8 surface parking spaces, a parking ratio of 1.38 spaces per 1,000 SF, accessible via an alley in the rear.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$404 USD /SF

CAP RATE

2.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

C1-1VLD

APN/PARCEL ID

2164-012-003

ASK ABOUT THIS PROPERTY

Todd Nathansonilli Commercial Real EstateMore Info
818-514-2204

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Todd Nathansonilli Commercial Real EstateMore Info
818-514-2204

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