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21930 & 21936 Ventura Boulevard
Woodland Hills, CA 91364

Price: $5,350,000 Zoning: LAC4
Bldg SF: 10,806 SF Price/SF: $495
Land SF: 24,013 SF Occupancy: 100%
Year Built:  1953 Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364
Price: $5,350,000
Bldg SF: 10,806 SF
Land SF: 24,013 SF
CAP Rate: 5.34%
Price/SF: $495
Occupancy:  100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Irreplaceable Woodland Hills Location

 

  • Ideally located just one parcel east of the SE signalized corner of Ventura Boulevard and Topanga Canyon Boulevard

  • High daily traffic counts with over 55,000 vehicles per day along Ventura Boulevard

  • Direct access to the 101 Ventura Freeway, located approximately 750 feet from the Topanga Canyon Boulevard on-ramp

  • 116 linear feet of frontage along Ventura Boulevard, the world’s longest avenue of contiguous business and main thoroughfare through the San Fernando Valley

  • Within close proximity to Warner Center, the central business district of the San Fernando Valley

  • Average household income north of $105,000

  • Dense immediate population with over 22,000 people within a one-mile radius and over 360,000 people within a five-mile radius

 

 

Unique Asset with a Multitude of Options

 

  • 10,806 square feet of existing structure on 24,013 square foot parcel of land

  • Multiple parcels which can be purchased together or separately

  • 20 parking spaces in the rear with potential to increase

  • Potentially creating an ideal opportunity for an Owner-User Buyer or Value-Add Investor

 

 

Significant Growth Projection in the Immediate Area

 

  • Over 80,000 new jobs, 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, 200,000 residential units projected in the immediate area

  • A plethora of strong national and local retailers, a wide array of restaurants and local hotspots cater to local tenants

  • Strong local economy is the home to a wide range of national companies and corporate headquarters, Class A office and retail properties, large commercial offices

  • A vast range of residential options from newly built multi-family units to multi-million dollar residences

 

 

Warner Center – Multi-Billion Dollar Submarket

 

  • $1.5 billion renovation the Westfield Promenade - retail, Class A office, two hotels, 14,000 residential units, and an entertainment and sports center

  • Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development

  • Warner Center 2035 Specific Plan offers significant by-right development and will experience significant growth over the next decade