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Turnkey Entertainment Venue w/ Real Estate 11150 Ventura Blvd 21,000 SF Retail Building Studio City, CA 91604 $13,500,000 ($642.86/SF)

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INVESTMENT HIGHLIGHTS

  • 1150 Ventura Boulevard is an exceptional chance to purchase a three-story multi-concept entertainment venue.
  • Unlock unlimited potential, this structure is ideally used for dining, events, banquet establishments, or a social club.
  • Encompassing 5,500-square-foot floor plates with three levels, including a rooftop bar and restaurant space.
  • With an occupancy load of 752, the largest of its kind in LA, this venue can be transformed to accommodate different uses during the day and night.
  • Offering subterranean parking and rooftop space with panoramic views of Universal City and the San Gabriel Mountains.
  • Strategically placed on Ventura Boulevard just east of the Silver Triangle, where many other shopping, dining, and service amenities are found.

EXECUTIVE SUMMARY

**SUBMIT ALL OFFERS** **PROPERTY WILL BE SOLD**
**SELLER WILL REVIEW ALL OFFERS**
The Brandon Michaels Group of Marcus & Millichap, as the exclusive advisor, is pleased to present 11150 Ventura Boulevard, a 15,000-square-foot three-story, new construction, multi-concept entertainment venue with a 6,000-square-foot subterranean garage situated on 0.14 acres of land on Ventura Boulevard in Studio City, California.

11150 Ventura Boulevard offers the astute investor or operator a unique opportunity to create a one-of-a-kind experience. The building, constructed in 2023, was meticulously designed to offer an immersive dining and entertainment experience. The property is ideal for dinner and a show, events, banquets, or a social club and can be transformed to accommodate different uses during the day and night.

The multilevel project offers different experiences on each floor’s 5,500-square-foot floor plate. Interested parties should independently verify the property's square footage. On the first floor, patrons are greeted by a sanctuary to unwind, conduct meetings, and utilize lockers. The second floor offers a diverse range of entertainment, capable of hosting private events, live concerts, shows, and nightlife experiences. The second floor is accompanied by its own dedicated kitchen with a large walk-in cooler/freezer. The rooftop boasts panoramic views of Universal City and the San Gabriel Mountains. This rooftop terrace is equipped with a dedicated kitchen, a 35-foot bar, a large projector wall, and 16 LED trees to serve everything from a weekend brunch to open lounge use to private events. The subterranean level serves as the site’s parking for patrons and employees and can be configured by valet parking to fit 35 vehicles comfortably. An additional 50 parking spaces are available across the street at Marshall’s via a parking agreement.

11150 Ventura Boulevard is located just west of the southwest signalized corner of Ventura Boulevard and Vineland Avenue, centrally positioned in Studio City beside the coveted Silver Triangle shopping district. The property enjoys excellent visibility, with approximately 50 feet of frontage along Ventura Boulevard. Ventura Boulevard is a highly trafficked east-west commercial thoroughfare with traffic counts in excess of 36,000 vehicles per day.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
21,000 SF
Building Class
B
Year Built
2023
Price
$13,500,000
Price Per SF
$642.86
Tenancy
Single
Building Height
2 Stories
Building FAR
3.44
Lot Size
0.14 AC
Zoning
LAC2 - C2-1VL-RIO ZI-2374 State Enterprise Zone: Los Angeles
Parking
35 Spaces (1.67 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

F45 Training, Inc.
Starbucks
CrossFit
The Coffee Bean & Tea Leaf
Chase Bank
City National Bank
Toyota
Baja Fresh
CorePower Yoga

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2378-009-004
Land Assessment
$332,481
Improvements Assessment
$3,233,400
Total Assessment
$3,565,881
  • Listing ID: 34646274

  • Date on Market: 1/29/2025

  • Last Updated:

  • Address: 11150 Ventura Blvd, Studio City, CA 91604

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