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Turnkey Event Space | Quick Access to the 101 11150 Ventura Blvd 15,000 SF Vacant Retail Building Online Auction Sale Studio City, CA 91604
Matterport 3D Tours
INVESTMENT HIGHLIGHTS
- 11150 Ventura Boulevard offers investors and owners the opportunity to acquire a unique multi-concept entertainment venue.
- Newly constructed in 2023, this property is ideal for many uses, including banquets, dinner-and-a-show events, and social clubs.
- Surrounded by a wealth of retailers and restaurants such as Sprouts, Cava, The UPS Store, Marshalls, Starbucks, and more.
- Centrally positioned on Ventura Boulevard in Studio City, this property offers quick access to the 101 Freeway, connecting to all of Los Angeles.
- Equipped with three levels of space, including a rooftop bar and restaurant space, as well as a subterranean parking garage.
- Just a quick drive to many places of interest, including Universal Studios, Dodger Stadium, Griffith Observatory, and others.
EXECUTIVE SUMMARY
The Brandon Michaels Group of Marcus & Millichap, as exclusive advisor, is pleased to present 11150 Ventura Boulevard, a 15,000-square-foot, three-story, new construction, multi-concept entertainment venue. Situated on 0.14 acres of land (6,258 square feet), the property is on Ventura Boulevard just east of the Silver Triangle, in Studio City, California.
11150 Ventura Boulevard offers the astute investor or operator a unique opportunity to create a one-of-a-kind experience. The building, constructed in 2023, was meticulously designed to provide an immersive dining and entertainment experience. The property is ideal for dinner-and-a-show events, banquets, or a social club, and can be transformed to accommodate different uses during the day and night.
The multilevel project offers different experiences on each floor’s 5,500-square-foot floor plate. On the first floor, patrons are greeted with a sanctuary to unwind, conduct meetings, and utilize lockers. The second floor offers a diverse range of entertainment, capable of hosting private events, live concerts, shows, and nightlife experiences. The site is approved for live entertainment and DJs, which, with over 200 mounted monitors, can create an indescribable and captivating experience. The second floor is accompanied by its own dedicated kitchen with a large walk-in cooler/freezer. The rooftop boasts panoramic views of Universal City and the San Gabriel Mountains. It’s equipped with its own dedicated kitchen, 35-foot bar, large projector wall, and 16 LED trees to serve everything from a weekend brunch to open lounge use to private events. The subterranean level serves as the site’s parking for patrons and employees and can be configured by valet parking to fit 35 vehicles comfortably. An additional 50 parking spaces are made available across the street at Marshall’s via a parking agreement.
11150 Ventura Boulevard is located just west of the southwest signalized corner of Ventura Boulevard and Vineland Avenue, centrally positioned in Studio City, beside the coveted Silver Triangle shopping district. The property enjoys excellent visibility, with approximately 50 feet of frontage along Ventura Boulevard. Ventura Boulevard is a highly trafficked east-west commercial thoroughfare with traffic counts in excess of 36,000 vehicles per day.
Property tours are available by appointment only. Please contact the listing broker to schedule.
11150 Ventura Boulevard offers the astute investor or operator a unique opportunity to create a one-of-a-kind experience. The building, constructed in 2023, was meticulously designed to provide an immersive dining and entertainment experience. The property is ideal for dinner-and-a-show events, banquets, or a social club, and can be transformed to accommodate different uses during the day and night.
The multilevel project offers different experiences on each floor’s 5,500-square-foot floor plate. On the first floor, patrons are greeted with a sanctuary to unwind, conduct meetings, and utilize lockers. The second floor offers a diverse range of entertainment, capable of hosting private events, live concerts, shows, and nightlife experiences. The site is approved for live entertainment and DJs, which, with over 200 mounted monitors, can create an indescribable and captivating experience. The second floor is accompanied by its own dedicated kitchen with a large walk-in cooler/freezer. The rooftop boasts panoramic views of Universal City and the San Gabriel Mountains. It’s equipped with its own dedicated kitchen, 35-foot bar, large projector wall, and 16 LED trees to serve everything from a weekend brunch to open lounge use to private events. The subterranean level serves as the site’s parking for patrons and employees and can be configured by valet parking to fit 35 vehicles comfortably. An additional 50 parking spaces are made available across the street at Marshall’s via a parking agreement.
11150 Ventura Boulevard is located just west of the southwest signalized corner of Ventura Boulevard and Vineland Avenue, centrally positioned in Studio City, beside the coveted Silver Triangle shopping district. The property enjoys excellent visibility, with approximately 50 feet of frontage along Ventura Boulevard. Ventura Boulevard is a highly trafficked east-west commercial thoroughfare with traffic counts in excess of 36,000 vehicles per day.
Property tours are available by appointment only. Please contact the listing broker to schedule.
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DATA ROOM Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Register to Bid Instructions
MARKET ANALYTICS Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Restaurant
Building Size
15,000 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
3 Stories
Building FAR
2.46
Lot Size
0.14 AC
Parcel Number
2378-009-004
Zoning
LAC2 - C2-1VL-RIO
ZI-2374 State Enterprise Zone: Los Angeles
Parking
35 Spaces (1.67 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
Walk Score®
Very Walkable (81)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
24,185
185,363
611,878
2020 Population
24,448
185,279
607,014
2029 Population
23,548
180,890
598,007
2024-2029 Projected Population Growth
-2.6%
-2.4%
-2.3%
Daytime Employees
14,188
105,663
388,839
Total Businesses
1,850
12,787
46,968
Average Household Income
$128,915
$121,400
$109,644
Median Household Income
$98,600
$89,466
$78,756
Total Consumer Spending
$422.2M
$2.9B
$9B
Median Age
40.0
40.0
39.8
2024 Households
12,017
85,659
279,703
Percent College Degree or Above
38%
35%
32%
Average Home Value
$1,006,184
$975,322
$940,663
$ values in USD
NEARBY MAJOR RETAILERS
SALE ADVISORS
SALE ADVISORS
Arbi Grigoryan, Broker Grigoryan Agency
Commercial real estate and finance professional specializing in SBA & conventional loans.
Brandon Michaels,
Executive Managing Director Investments
Brandon Michaels is a Executive Managing Director of Investments at Marcus & Millichap’s Encino office. Since joining the firm in 2004, Brandon has established himself as one of the industry’s top producers nationally for the sale of retail, office, single-tenant net leased, industrial, and land development opportunities.
Brandon has successfully closed over 1,500 commercial real estate transactions totaling in excess of $6.0 billion in total consideration, and has completed over 250 1031 exchanges. Brandon prides himself on his ability to protect his clients best interests and negotiate on their behalf, ideally positioning his clients to achieve market leading sales values while concurrently protecting them from downside risk and renegotiation. His industry leading track record isa direct result of intimate market knowledge, a detailed analysis and underwriting process, the comprehensive and aggressive marketing process he has created, his unique and unmatched ability to negotiate on behalf of his clients, and his strategic and tactical thought process through the course of a transaction.
Brandon is the all-time leading transactional sales agent throughout Los Angeles County and Southern California. Brandon’s commitment to serving the needs of his clients and executing on their behalf has earned him national sales recognition over the past 22 consecutive years. Over the past decade, Brandon has been ranked as a top-five multi-tenant retail agent nationally, including four years as the top multi-tenant retail agent nationwide.
Brandon has earned 20 National Achievement Awards since 2004 and has been a member of the prestigious Chairman’s Club and Circle of Excellence on multiple occasions. Brandon is a top thirty agent for all Marcus & Millichap agents across all product types nationally and has gained the unique distinction of being named nationally a top retail, office, and land development agent.
His extensive role as a commercial real estate broker as well as an active commercial real estate investor has educated him on all aspects of the commercial real estate field. His vast experiences have allowed him to play an active role in the marketing, negotiating, financing, legality, management, leasing, construction, development and sales aspects of commercial real estate, all of which makes him extremely knowledgeable and an invaluable resource to his clients.
Brandon graduated from the University of Southern California, where he earned a Bachelor of Science in business administration from the Marshall School of Business. Brandon has lived in Southern California his entire life and has an in-depth understanding of the varying regions and nuances associated with each specific market. Brandon is a member of the International Council of Shopping Centers (ICSC) and a Senior Director of Marcus & Millichap’s National Retail Group.
Brandon has successfully closed over 1,500 commercial real estate transactions totaling in excess of $6.0 billion in total consideration, and has completed over 250 1031 exchanges. Brandon prides himself on his ability to protect his clients best interests and negotiate on their behalf, ideally positioning his clients to achieve market leading sales values while concurrently protecting them from downside risk and renegotiation. His industry leading track record isa direct result of intimate market knowledge, a detailed analysis and underwriting process, the comprehensive and aggressive marketing process he has created, his unique and unmatched ability to negotiate on behalf of his clients, and his strategic and tactical thought process through the course of a transaction.
Brandon is the all-time leading transactional sales agent throughout Los Angeles County and Southern California. Brandon’s commitment to serving the needs of his clients and executing on their behalf has earned him national sales recognition over the past 22 consecutive years. Over the past decade, Brandon has been ranked as a top-five multi-tenant retail agent nationally, including four years as the top multi-tenant retail agent nationwide.
Brandon has earned 20 National Achievement Awards since 2004 and has been a member of the prestigious Chairman’s Club and Circle of Excellence on multiple occasions. Brandon is a top thirty agent for all Marcus & Millichap agents across all product types nationally and has gained the unique distinction of being named nationally a top retail, office, and land development agent.
His extensive role as a commercial real estate broker as well as an active commercial real estate investor has educated him on all aspects of the commercial real estate field. His vast experiences have allowed him to play an active role in the marketing, negotiating, financing, legality, management, leasing, construction, development and sales aspects of commercial real estate, all of which makes him extremely knowledgeable and an invaluable resource to his clients.
Brandon graduated from the University of Southern California, where he earned a Bachelor of Science in business administration from the Marshall School of Business. Brandon has lived in Southern California his entire life and has an in-depth understanding of the varying regions and nuances associated with each specific market. Brandon is a member of the International Council of Shopping Centers (ICSC) and a Senior Director of Marcus & Millichap’s National Retail Group.
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Auction FAQ's
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PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
Presented by
Grigoryan Agency
Turnkey Event Space | Quick Access to the 101 | 11150 Ventura Blvd
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