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12616 Ventura Blvd 5,240 SF 47% Leased Retail Building Studio City, CA 91604 $5,595,000 ($1,067.75/SF) 4.29% Cap Rate
INVESTMENT HIGHLIGHTS
- Exclusive parking
- Irreplaceable pole signage
- Studio City location
- Owner-user opportunity
- Recently remodeled
EXECUTIVE SUMMARY
illi Commercial Real Estate is pleased to offer for sale 12616 Ventura Blvd., a multi-tenant retail/office investment on the infamous Ventura Boulevard, located within Studio City.
Existing restaurants and offices currently make up the approximately 5,776-square-foot property. With reliable tenants on the heavily trafficked Ventura Boulevard, the asset offers an investor an excellent opportunity to purchase a long-term stable investment with room for an owner-user.
The asset is located near national retailers, such as Staples, Bed Bath & Beyond, Ralphs, Equinox, and many more. Some key property features include exclusive parking, irreplaceable pole signage, 15 parking spaces, a new roof, and a recent 2021 remodel of the asset.
Existing restaurants and offices currently make up the approximately 5,776-square-foot property. With reliable tenants on the heavily trafficked Ventura Boulevard, the asset offers an investor an excellent opportunity to purchase a long-term stable investment with room for an owner-user.
The asset is located near national retailers, such as Staples, Bed Bath & Beyond, Ralphs, Equinox, and many more. Some key property features include exclusive parking, irreplaceable pole signage, 15 parking spaces, a new roof, and a recent 2021 remodel of the asset.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,240 SF
Building Class
C
Year Built
1948
Price
$5,595,000
Price Per SF
$1,067.75
Cap Rate
4.29%
NOI
$240,026
Percent Leased
47%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
0.35 AC
Zoning
C2-1Vlla - Neighborhood Commercial
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (74)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2384-022-027 | Improvements Assessment | $609,374 |
| Land Assessment | $812,501 | Total Assessment | $1,421,875 |
PROPERTY TAXES
Parcel Number
2384-022-027
Land Assessment
$812,501
Improvements Assessment
$609,374
Total Assessment
$1,421,875
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12616 Ventura Blvd
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