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12616 Ventura Blvd 5,240 SF 47% Leased Retail Building Studio City, CA 91604 $7,625,649 CAD ($1,455.28 CAD/SF) 4.29% Cap Rate
Investment Highlights
- Exclusive parking
- Irreplaceable pole signage
- Studio City location
- Owner-user opportunity
- Recently remodeled
Executive Summary
illi Commercial Real Estate is pleased to offer for sale 12616 Ventura Blvd., a multi-tenant retail/office investment on the infamous Ventura Boulevard, located within Studio City.
Existing restaurants and offices currently make up the approximately 5,776-square-foot property. With reliable tenants on the heavily trafficked Ventura Boulevard, the asset offers an investor an excellent opportunity to purchase a long-term stable investment with room for an owner-user.
The asset is located near national retailers, such as Staples, Bed Bath & Beyond, Ralphs, Equinox, and many more. Some key property features include exclusive parking, irreplaceable pole signage, 15 parking spaces, a new roof, and a recent 2021 remodel of the asset.
Existing restaurants and offices currently make up the approximately 5,776-square-foot property. With reliable tenants on the heavily trafficked Ventura Boulevard, the asset offers an investor an excellent opportunity to purchase a long-term stable investment with room for an owner-user.
The asset is located near national retailers, such as Staples, Bed Bath & Beyond, Ralphs, Equinox, and many more. Some key property features include exclusive parking, irreplaceable pole signage, 15 parking spaces, a new roof, and a recent 2021 remodel of the asset.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,240 SF
Building Class
C
Year Built
1948
Price
$7,625,649 CAD
Price Per SF
$1,455.28 CAD
Cap Rate
4.29%
NOI
$327,140 CAD
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.35 AC
Zoning
LAC1.5 - Neighborhood Commercial
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (73)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2384-022-027 | Improvements Assessment | $834,105 CAD |
| Land Assessment | $1,112,143 CAD | Total Assessment | $1,946,248 CAD |
Property Taxes
Parcel Number
2384-022-027
Land Assessment
$1,112,143 CAD
Improvements Assessment
$834,105 CAD
Total Assessment
$1,946,248 CAD
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12616 Ventura Blvd
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