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15720 Ventura Blvd 85,650 SF 76% Leased Office Building Encino, CA 91436 $27,864,806 CAD ($325.33 CAD/SF) 4.64% Cap Rate



Investment Highlights
- Six-Story Multi-Tenant 85,650 SF Office Building
- Excess Parking Allows for Future Development
- Large 79,150 SF Parcel with C4 & R3 zoning
- Some Street-Front Retail
- Excellent Encino Location on the south side of the Boulevard with Prestigious Ventura Blvd Address
Executive Summary
There is excess parking for the building and provides an opportunity to develop an additional structure at the rear of the property, most likely multi-unit housing. There are 122 tenant spaces that are primarily made-up medical office services with some retail on the ground floor. There are 20 vacant suites totaling 17,937 SF of space / 22.5% of the rentable SF
The average current rent is only $2.62 in a market where comparable properties are asking $2.75 to $3.00 PSF per month for comparable small suites. There is also additional income provided by a billboard lease, cell tower and parking revenue. The current zoning of C4 and R3 provides both current and future development potential for this site.
The area is subject to the Ventura / Cahuenga Boulevard Corridor Specific Plan in the City of Los Angeles. Encino is an upscale submarket in the San Fernando Valley and has access to the 101 and 405 freeway. It is a short distance to Tarzana Medical Center and is a well-established location for medical offices, retail, and other service providers. This is a tremendous opportunity to purchase a generational piece of real estate with upside in current rents and operations, as well as with future development potential.
Property Facts
Amenities
- Signage
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Efficient office suite featuring two private offices and a functional layout ideal for professional services, consulting, accounting, or administrative users. The space benefits from natural light and provides a turnkey solution for small businesses seeking a professional Ventura Boulevard address.
Well-sized office suite offering flexibility for a variety of business operations. The efficient floor plan accommodates private offices, collaborative work areas, and client-facing functions, making it suitable for professional, creative, or administrative users.
Compact office suite designed for solo practitioners, startups, or satellite offices. The efficient layout maximizes usability while providing a professional setting within the heart of Encino's business corridor.
Flexible office opportunity featuring up to three private offices with the ability to accommodate a range of space requirements. Ideal for growing businesses seeking a customizable office environment with professional finishes and abundant natural light.
Move-in-ready office suite offering an efficient layout for professional users. The space provides a comfortable working environment with natural light and is well-suited for consulting, legal, financial, or administrative operations.
Reception area-waiting room with 2 private offices. New flooring.
Large office opportunity with a predominantly open floor plan and partial build-out already in place. The flexible layout can accommodate collaborative workspaces, creative office users, training facilities, or traditional office operations seeking a larger footprint.
Functional office suite featuring two private offices and an efficient layout designed for small professional firms. The space offers a practical balance of privacy and productivity in a convenient Encino location.
Professional office suite with an efficient floor plan that supports a variety of business uses. Ideal for boutique firms, consultants, or medical-related users seeking a move-in-ready office environment.
Kitchen, reception area and 5 private offices. Former dentist office. This unit has a sink.
Efficient office suite offering a professional setting for small businesses, remote teams, or individual practitioners. The functional floor plan provides flexibility while maintaining a polished business environment.
Premier penthouse office featuring seven private offices, conference rooms, and expansive views. The full build-out creates an executive-level environment ideal for law firms, financial services, corporate headquarters, or other professional organizations seeking a prestigious presence along Ventura Boulevard.
| Space | Size | Space Use | Build-Out | Available |
| 2nd Fl-Ste 232 | 487 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 234 | 964 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 290 | 436 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 301 | 102-1,024 SF | Office | Partial Build-Out | Now |
| 3rd Fl-Ste 303 | 548 SF | Office | Full Build-Out | Now |
| 3rd Fl-Ste 312 | 920 SF | Office | Full Build-Out | Now |
| 5th Fl-Ste 500 | 2,000-4,000 SF | Office | Partial Build-Out | Now |
| 5th Fl-Ste 505 | 675 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 602 | 575 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 609 | 1,400 SF | Office | Full Build-Out | Now |
| 6th Fl-Ste 626 | 487 SF | Office | Full Build-Out | Now |
| Penthouse-Ste PH | 2,875 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 232
| Size |
| 487 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 234
| Size |
| 964 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 290
| Size |
| 436 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 301
| Size |
| 102-1,024 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Fl-Ste 303
| Size |
| 548 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Fl-Ste 312
| Size |
| 920 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
5th Fl-Ste 500
| Size |
| 2,000-4,000 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
5th Fl-Ste 505
| Size |
| 675 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 602
| Size |
| 575 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 609
| Size |
| 1,400 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
6th Fl-Ste 626
| Size |
| 487 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
Penthouse-Ste PH
| Size |
| 2,875 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 232
| Size | 487 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Efficient office suite featuring two private offices and a functional layout ideal for professional services, consulting, accounting, or administrative users. The space benefits from natural light and provides a turnkey solution for small businesses seeking a professional Ventura Boulevard address.
2nd Fl-Ste 234
| Size | 964 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Well-sized office suite offering flexibility for a variety of business operations. The efficient floor plan accommodates private offices, collaborative work areas, and client-facing functions, making it suitable for professional, creative, or administrative users.
2nd Fl-Ste 290
| Size | 436 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Compact office suite designed for solo practitioners, startups, or satellite offices. The efficient layout maximizes usability while providing a professional setting within the heart of Encino's business corridor.
3rd Fl-Ste 301
| Size | 102-1,024 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Flexible office opportunity featuring up to three private offices with the ability to accommodate a range of space requirements. Ideal for growing businesses seeking a customizable office environment with professional finishes and abundant natural light.
3rd Fl-Ste 303
| Size | 548 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Move-in-ready office suite offering an efficient layout for professional users. The space provides a comfortable working environment with natural light and is well-suited for consulting, legal, financial, or administrative operations.
3rd Fl-Ste 312
| Size | 920 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Reception area-waiting room with 2 private offices. New flooring.
5th Fl-Ste 500
| Size | 2,000-4,000 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Large office opportunity with a predominantly open floor plan and partial build-out already in place. The flexible layout can accommodate collaborative workspaces, creative office users, training facilities, or traditional office operations seeking a larger footprint.
5th Fl-Ste 505
| Size | 675 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Functional office suite featuring two private offices and an efficient layout designed for small professional firms. The space offers a practical balance of privacy and productivity in a convenient Encino location.
6th Fl-Ste 602
| Size | 575 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Professional office suite with an efficient floor plan that supports a variety of business uses. Ideal for boutique firms, consultants, or medical-related users seeking a move-in-ready office environment.
6th Fl-Ste 609
| Size | 1,400 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Kitchen, reception area and 5 private offices. Former dentist office. This unit has a sink.
6th Fl-Ste 626
| Size | 487 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Efficient office suite offering a professional setting for small businesses, remote teams, or individual practitioners. The functional floor plan provides flexibility while maintaining a polished business environment.
Penthouse-Ste PH
| Size | 2,875 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Premier penthouse office featuring seven private offices, conference rooms, and expansive views. The full build-out creates an executive-level environment ideal for law firms, financial services, corporate headquarters, or other professional organizations seeking a prestigious presence along Ventura Boulevard.
Property Taxes
| Parcel Number | 2283-025-017 | Improvements Assessment | $8,704,707 CAD |
| Land Assessment | $3,879,103 CAD | Total Assessment | $12,583,810 CAD |
Property Taxes
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15720 Ventura Blvd
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