13831 Ventura Blvd 4,596 SF Vacant Retail Building Sherman Oaks, CA 91423 $3,200,000 ($696.26/SF)

Matthew Luchs of Zacuto Group, as exclusive advisor, has been selected to market for sale 13831 Ventura Boulevard, a 4,596 square foot freestanding retail and flex building delivered 100% vacant and ideally situated on 0.11 acres of land (4,598 SF) located at the corner of Ventura Boulevard and Matilija Avenue in the Los Angeles County submarket of Sherman Oaks, CA.
The building is currently undergoing a complete interior reconstruction following a fire, and will be delivered vacant. Because the work is still in progress, an incoming owner has the rare ability to direct the finish, tailoring layout, storefront configuration, restrooms, power, and finishes to their own operation or to a specific tenant prototype without the cost of demolishing completed space. The result is effectively new construction behind an established Ventura Boulevard address, without the entitlement risk, prevailing land cost, or multi-year timeline of a ground-up development. 13831 Ventura Boulevard benefits from excellent visibility and frontage along both Ventura Boulevard and Matilija Avenue, with approximately 120 feet of combined linear frontage, and is improved with a rear flex component of 3,230 square feet featuring high ceilings and a grade-level loading door, an attribute virtually absent from the Ventura Boulevard corridor. The site carries LAC2 commercial zoning, among the most permissive designations in the City of Los Angeles, and holds a Walk Score of 87. An income-producing billboard remains on the Property and conveys with the sale, providing passive revenue that offsets carrying costs through construction and lease-up.
Vacant delivery is a rare commodity on Ventura Boulevard, where nearly every building trades subject to in-place leases, below-market rents, and holdover tenants, and it is the single feature that opens this asset to the owner-user and the investor at the same time. For an owner-user, the 4,596 square foot size sits precisely where corridor demand is deepest and supply is thinnest, and vacant owner-occupied delivery makes the asset eligible for SBA 504 and 7(a) financing, materially reducing the equity requirement relative to a conventional investment loan. For an investor, the same vacancy is the value-add. The building leases at today’s market rents rather than inheriting legacy rents, and the newly rebuilt interior removes the capital drag that ordinarily accompanies a repositioning.
The Property sits at the center of one of the strongest dining nodes on Ventura Boulevard. Pizzana and Sweet Butter Kitchen are located directly across Ventura Boulevard from the building, and BLVD Steak is on the same block across Matilija, placing three destination restaurants within a one- minute walk. That concentration generates continuous pedestrian traffic across breakfast, lunch, dinner, and weekend day parts, and is precisely the co-tenancy that allows an incoming retail, restaurant, or service operator to open into established demand rather than build it from scratch.
The combination of a vacant freestanding building, permissive LAC2 zoning, and a rear flex component supports an unusually wide range of users. The front retail area is well suited to restaurant, cafe, boutique fitness, medical and wellness, salon and med-spa, showroom, creative office, and specialty retail operators, while the rear flex space accommodates production and post, commissary and food production, wholesale and distribution, entertainment, and service users the corridor cannot otherwise house. A new owner can occupy the entire building, occupy the front and lease the rear as a separate income stream, or lease the asset in its entirety to a single flagship user, and can make that decision after taking title rather than inheriting it from prior ownership.