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18556 Ventura Boulevard
Tarzana, CA 91356

Price: $2,950,000 Zoning: C2
Bldg SF: 3,946 SF Price/SF: $748
Land SF: 9,123 SF Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Price: $2,950,000
Bldg SF: 3,946 SF
Land SF: 9,123 SF
Price/SF: $748
Occupancy: 100%
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233

Investment Highlights

Rare single-tenant freestanding auto repair building

  • Auto Repair Center situated at the highly trafficked southeast corner of Ventura Boulevard and Mecca Avenue in Tarzana, CA
  • The property features excellent visibility with over 101 feet of frontage on Ventura Boulevard and 100 feet of frontage on Mecca Avenue
  • The property sees a high average daily traffic count of 42,109 vehicles per day on Ventura Boulevard
  • The 3,946 square foot property is located on 9,123 square feet of land
  • The property features two roll-up doors as well as nine parking spaces
  • Excellent access, with ingress and egress from both Ventura Boulevard as well as the back alley off of Mecca Avenue which lines the rear of the property
  • The parking lot is lined by a perimeter gate.

 

Excellent Value-Add or Owner-User Opportunity

  • The property is currently occupied by Brake Masters, on a lease which expires at the end of December 2021
  • Excellent opportunity for an owner-user to purchase and occupy the property, or for a value-add investor to stabilize the property
  • Emerging sub-market that features over 2.2 million square feet in retail and significant new development, over with 1,000 recently completed or under construction multi-family units
  • The property is located one half mile from the Providence Cedars-Sinai Tarzana Medical Center which is undergoing a massive renovation set for completion in 2023

 

Affluent Demographics

  • The subject property features affluent underlying demographics, with an average household income of $96,554 within one mile of the property, $111,128 within three miles, and $106,011 within five miles
  • There are 34,541 people located within one mile of the property, 162,256 within three miles, and 463,323 within five miles of the property
  • There are 14,688 households located within one mile of the property, 58,172 households located within three miles of the property, and 165,204 within five miles of the property