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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

15720 Ventura Blvd is a six story multi-tenant office & retail building located in Encino, California. The building was originally built in 1964 and has a two-story parking structure behind the building and a large open parking lot behind that.
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

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
85,650 SF
Building Class
B
Year Built
1964
Price
$27,864,806 CAD
Price Per SF
$325.33 CAD
Cap Rate
4.64%
NOI
$1,291,598 CAD
Percent Leased
76%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,275 SF
Building FAR
1.08
Lot Size
1.82 AC
Zoning
C4 & R3 - General Commercial
Parking
231 Spaces (2.7 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Wheelchair Accessible
  • Monument Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 2nd Fl-Ste 232
  • 487 SF
  • Office
  • Full Build-Out
  • 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
  • 964 SF
  • Office
  • Partial Build-Out
  • 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
  • 436 SF
  • Office
  • Partial Build-Out
  • 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
  • 102-1,024 SF
  • Office
  • Partial Build-Out
  • 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
  • 548 SF
  • Office
  • Full Build-Out
  • 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
  • 920 SF
  • Office
  • Full Build-Out
  • Now

Reception area-waiting room with 2 private offices. New flooring.

  • 5th Fl-Ste 500
  • 2,000-4,000 SF
  • Office
  • Partial Build-Out
  • 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
  • 675 SF
  • Office
  • Full Build-Out
  • 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
  • 575 SF
  • Office
  • Full Build-Out
  • 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
  • 1,400 SF
  • Office
  • Full Build-Out
  • Now

Kitchen, reception area and 5 private offices. Former dentist office. This unit has a sink.

  • 6th Fl-Ste 626
  • 487 SF
  • Office
  • Full Build-Out
  • 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
  • 2,875 SF
  • Office
  • Full Build-Out
  • 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.

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.

Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
2283-025-017
Land Assessment
$3,879,103 CAD
Improvements Assessment
$8,704,707 CAD
Total Assessment
$12,583,810 CAD
  • Listing ID: 41705163

  • Date on Market: 2026-08-11

  • Last Updated:

  • Address: 15720 Ventura Blvd, Encino, CA 91436

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