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10820 Ventura Blvd 3,035 SF Retail Building Studio City, CA 91604 $2,807,200 CAD ($924.94 CAD/SF)
Investment Highlights
- Rare Freestanding Ventura Boulevard Asset in Studio City
- Existing Restaurant – Current Certificate of Occupancy permits restaurant use but ideal for a Medical/Dental conversion candidate
- Exceptional Parking Ratio - Striped for 12 Spaces currently but could be expanded to 19 with the use of tandem parking
- Vacant Owner-User or Value-Add Opportunity - delivered vacant at closing
- Recent Capital Improvements – Property benefits from a new roof installed in 2019 and fumigation completed in July 2026.
- Discounted Basis with Value-Add Upside
Executive Summary
Marcus & Millichap is pleased to present 10820 Ventura Boulevard, a freestanding 3,035 SF commercial building situated on a 0.20-acre parcel in the highly sought after Studio City submarket. Located along one of Los Angeles’ most prominent retail corridors, Ventura Blvd, the property offers a rare opportunity for an owner-user, investor, restaurateur, medical operator, or retailer to acquire a highly visible asset with abundant parking, flexible zoning, and significant repositioning potential.
The property’s existing Certificate of Occupancy permits restaurant use and will be delivered vacant, presenting a compelling opportunity for an owner-user to create a customized flagship location or for an investor to reposition and enhance the asset in order to capitalize on the strong underlying fundamentals of the Studio City submarket. The asking price reflects a discounted basis on a price-per-square-foot basis to account for the property’s current condition, allowing a buyer to renovate and customize the asset to meet their operational needs while creating immediate value through strategic improvements.
One of the property’s most compelling features is its exceptional on-site parking. The site currently provides 12 dedicated parking spaces (3.95/1,000 SF) with the ability to increase capacity to as many as ~19 spaces through tandem parking configurations, resulting in an outstanding ratio of approximately 6.26/1,000 SF. In addition, the property’s eligibility under California’s AB 2097 legislation creates a unique adaptive reuse opportunity, allowing for a conversion to parking intensive uses, including medical or dental office applications, without requiring additional parking beyond what currently exists on site.
The building has benefited from several recent capital improvements, including a complete roof replacement in 2019 and fumigation completed in July 2026. These improvements provide a solid foundation for a buyer’s renovation plans.
The property’s existing Certificate of Occupancy permits restaurant use and will be delivered vacant, presenting a compelling opportunity for an owner-user to create a customized flagship location or for an investor to reposition and enhance the asset in order to capitalize on the strong underlying fundamentals of the Studio City submarket. The asking price reflects a discounted basis on a price-per-square-foot basis to account for the property’s current condition, allowing a buyer to renovate and customize the asset to meet their operational needs while creating immediate value through strategic improvements.
One of the property’s most compelling features is its exceptional on-site parking. The site currently provides 12 dedicated parking spaces (3.95/1,000 SF) with the ability to increase capacity to as many as ~19 spaces through tandem parking configurations, resulting in an outstanding ratio of approximately 6.26/1,000 SF. In addition, the property’s eligibility under California’s AB 2097 legislation creates a unique adaptive reuse opportunity, allowing for a conversion to parking intensive uses, including medical or dental office applications, without requiring additional parking beyond what currently exists on site.
The building has benefited from several recent capital improvements, including a complete roof replacement in 2019 and fumigation completed in July 2026. These improvements provide a solid foundation for a buyer’s renovation plans.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,035 SF
Building Class
C
Year Built/Renovated
1922/1982
Price
$2,807,200 CAD
Price Per SF
$924.94 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.20 AC
Zoning
LAC2 - Commercial
Parking
12 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
67’ on Ventura
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2378-004-003 | Improvements Assessment | $356,892 CAD |
| Land Assessment | $217,262 CAD | Total Assessment | $574,154 CAD |
Property Taxes
Parcel Number
2378-004-003
Land Assessment
$217,262 CAD
Improvements Assessment
$356,892 CAD
Total Assessment
$574,154 CAD
Contacts
-
Brin Hamblin -
Hannah Zager -
Ryan Rothstein-Serling -
Martin Agnew -
Agnew | Serling Group
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10820 Ventura Blvd
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