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19709 Ventura Blvd
Woodland Hills, CA 91364
Mixed-Use Retail and Office for Sale · Office Property For Sale
Investment Highlights
- The ground floor retail is made up of four (4) retail units, one separate unit in the rear, and five (5) second floor office units totaling 5,818 SF
- The current tenancy is on short term leases with an average term remaining of 0.28 years with the longest lease expiring in 4/30/2025
- Ideally positioned one parcel west of the NW signalized corner of Corbin Avenue and Ventura Boulevard
- The property is 41.12% occupied generating $6,533.00 per month or $3.01/SF on gross leases
- Short-term leases create an immediate value-add opportunity or ability for an owner-user to occupy a portion or all of the property for their own use
- Approximately 50 feet of linear frontage along Ventura Boulevard
Executive Summary
illi Commercial Real Estate is pleased to present 19709 Ventura Boulevard, a 5,818-square-foot mixed-use retail and office property situated on 0.15 acres of land (6,603 SF) in the affluent West San Fernando Valley submarket of Woodland Hills, CA.19709 Ventura Boulevard is currently 41.12% occupied by a mix of ground-floor retail tenants and second-floor office tenants.
The ground floor is made up of four (4) retail units and one additional unit in a separate structure in the rear totaling 3,091 square feet (an average 618 square foot per unit). On average, the ground floor tenants are paying $3.08/ SF per month (or $5,122.00 monthly) on gross leases. The ground floor tenants are on short-term leases, with an average remaining lease term of 0.24 years, with the longest lease expiring on 4/30/2025.
The subject property benefits from excellent visibility and frontage, ideally located one parcel west of the NW signalized corner of Corbin Ave & Ventura Blvd, with approximately 50 feet of linear frontage along Ventura Boulevard. The property is served by 8 surface parking spaces, a parking ratio of 1.38 spaces per 1,000 SF, accessible via an alley in the rear.
The ground floor is made up of four (4) retail units and one additional unit in a separate structure in the rear totaling 3,091 square feet (an average 618 square foot per unit). On average, the ground floor tenants are paying $3.08/ SF per month (or $5,122.00 monthly) on gross leases. The ground floor tenants are on short-term leases, with an average remaining lease term of 0.24 years, with the longest lease expiring on 4/30/2025.
The subject property benefits from excellent visibility and frontage, ideally located one parcel west of the NW signalized corner of Corbin Ave & Ventura Blvd, with approximately 50 feet of linear frontage along Ventura Boulevard. The property is served by 8 surface parking spaces, a parking ratio of 1.38 spaces per 1,000 SF, accessible via an alley in the rear.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,818 SF
Building Class
B
Year Built
1960
Price
$3,309,928 CAD
Price Per SF
$568.91 CAD
Cap Rate
1.90%
NOI
$62,889 CAD
Percent Leased
4%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,909 SF
Slab To Slab
11’
Building FAR
0.83
Lot Size
0.16 AC
Zoning
C1-1VLD - Commercial
Parking
8 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Energy Star Labeled
Property Taxes
| Parcel Number | 2164-012-003 | Improvements Assessment | $1,473,679 CAD |
| Land Assessment | $693,492 CAD | Total Assessment | $2,167,171 CAD |
Property Taxes
Parcel Number
2164-012-003
Land Assessment
$693,492 CAD
Improvements Assessment
$1,473,679 CAD
Total Assessment
$2,167,171 CAD
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