18424 & 18428 Ventura Blvd & 5324 Otis 3 Properties Offered at $5,781,360 CAD in Tarzana, CA

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 18424 & 18428 Ventura Boulevard and 5324 Otis Avenue, a 5,537-square-foot value-add multi-tenant storefront retail property situated on 29,960 square feet of land with approximately sixty three (63) parking spaces.
18424 & 18428 Ventura Boulevard and 5324 Otis Avenue offers a stable in-place income stream with meaningful rental upside. The property features highly functional suite sizes with shallow bay depths averaging approximately 922 square feet, making the spaces well suited for a wide range of retail, service, and medical uses. The efficient configurations reduce tenant improvement costs and downtime between leases.
The property’s location adjacent to Providence Cedars-Sinai Tarzana Medical Center, the San Fernando Valley’s premier medical hub, positions the site to attract medical and medically related users seeking proximity to hospital infrastructure, strong patient traffic, and long-term operational stability.
18424 & 18428 Ventura Boulevard is comprised of six storefront units currently occupied on short-term lease structures. With the exception of Unit 18432, which is leased through November 30, 2027, all tenants are on month-to-month agreements, with one existing vacancy, providing an immediate owner-user or value-add repositioning opportunity.
The site benefits from excess land located at 5324 Otis Avenue, which is separated from the retail frontage by an alley and currently functions as dedicated and income-producing parking. The 20,560 square foot rear parcel is partially leased to neighboring users, including Taco Bell, Big O Tires, and a Shul, with the balance utilized by the subject property’s tenants.
18424 and 18428 Ventura Boulevard and 5324 Otis Avenue is strategically located along Ventura Boulevard, the San Fernando Valley’s primary east-west commercial corridor connecting Calabasas to the west and Studio City to the east, with traffic counts exceeding 38,000 vehicles per day.
The property is positioned at a key commercial node with convenient access to the Ventura Freeway (U.S. 101) and is located less than 0.4 miles north of Providence Cedars-Sinai Tarzana Medical Center via Reseda Boulevard. The hospital recently completed a 624 million dollar redevelopment, reinforcing the area as one of the Valley’s premier medical and service hubs and driving consistent daytime population and consumer demand.
The site benefits from strong co-tenancy and hospital-driven traffic and is designed to accommodate high customer volumes, with efficient ingress and egress via a rear alley accessed from Otis Avenue. The property provides approximately 63 surface parking spaces, equating to a parking ratio of 11.38 spaces per 1,000 square feet, which is exceptional for Ventura Boulevard retail.