19709 ventura blvd
WOODLAND HILLS, CA 91364
PRICE
$2,800,000
BUILDING SIZE
5,818 SF
LOT SIZE
6,603 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
0.9%
$481
$424
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is please 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 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.
The subject property benefits from excellent visibility and frontage one parcel west of the signalized corner of Corbin Ave & Ventura Blvd, with approximately 50 linear frontage along Ventura Blvd. 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.
Because of its short-term tenancy and strategic location, this mixed-use asset is a promising value-add investment or owner-user opportunity. A value-add investor will have the ability to reposition the majority of the units immediately and an owner-user has the flexibility to occupy the entire building or just the first or second floor.