Ventura & Moorpark 2 Properties Offered at $14,657,160 CAD in Sherman Oaks, CA

Jones Lang LaSalle as exclusive advisor is pleased to present the opportunity to acquire the fee simple interest in 14637- 14645 Ventura Blvd & 14620 Moorpark St, Sherman Oaks, CA 91403 (the “Property” or the “Offering”). In its current state, the street-front retail provides existing income from current tenants and features over 140 feet of frontage along the most pedestrian and retail friendly area of the city with a walk score of 87. Ventura Boulevard is the center of commerce in the area, seeing over 45,340 vehicles per day with a population of 160,000 within a three mile radius of the Property. The heavy foot and vehicle traffic supplement the high-end retail environment and bustling economy of the area. With average Household Incomes topping $124,000 within a one mile-radius of the property, businesses and investors can look to target a
high-end consumer base who value retail amenities. Looking to the future the rare retail assemblage of approximately 12,624 square feet situated on 19,117 square
feet of land provides immense development potential across a variety of projects. The property’s zoning permits C2-1L with a confirmed Tier 3 transit-oriented density bonus designation, making it an ideal location for developers looking to capitalize on the area’s affluence and growth potential. Additionally this unique opportunity allows investors access to a 2,640 square foot, four-unit apartment building and 19,140 square foot lot, located directly behind the Ventura Blvd assemblage at 14620 Moorpark Street, Sherman Oaks, CA 91403 (the Property). The Moorpark assemblage is ripe for fresh capital and presents investors with a viable covered land play, as they look to take
advantage of the favorable zoning designations in the form of a redevelopment opportunity.