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16601 Ventura Blvd
Encino, CA 91436
Citibank Building · Office Property For Sale
Investment Highlights
- Passive NNN Income from A+ credit tenant with less than 9 years remaining on initial lease term
- Reversionary Value Upside — ±44,555 SF building reverts to landowner upon lease expiration
- Irreplaceable Location in Encino — High traffic corridor with strong demographics and low commercial land availability
- Two (2) 10-Year Extension Options — Potential 29-year investment horizon
- Right of First Refusal (ROFR) held by Citibank, offering structured control over sale process
- Generational Asset — Ideal for legacy portfolios, family offices, or 1031 exchange buyers
Property Facts
Property Type
Office
Building Size
45,169 SF
Building Class
B
Year Built
1984
Percent Leased
26%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
8,911 SF
Slab To Slab
11’
Building FAR
1.37
Lot Size
0.76 AC
Zoning
C4 - Commercial
Parking
60 Spaces (1.35 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Property Manager on Site
- Signage
Property Taxes
| Parcel Number | 2259-012-018 | Improvements Assessment | $17,518,253 |
| Land Assessment | $1,157,472 | Total Assessment | $18,675,725 |
Property Taxes
Parcel Number
2259-012-018
Land Assessment
$1,157,472
Improvements Assessment
$17,518,253
Total Assessment
$18,675,725
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