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17047 Ventura Blvd 6,099 SF Retail Building Encino, CA 91316 $3,500,000 ($573.86/SF) 7.80% Cap Rate
Executive Summary
MILLION-DOLLAR PRICE REDUCTION! MOTIVATED SELLER!
17047 Ventura Blvd, Encino, CA 91316
NEW ASKING PRICE: $3,500,000
PREVIOUS ASKING PRICE: $4,450,000
Buiding Size: ± 6,099 SF
Land Size: ± 0.18 AC/± 7,976 SF (per title)
Parking Spaces: 8
Zoning: C4-IVL
APN: 2258-013-023
FEATURES:
• Brand New NNN Lease with Strong Restaurant Operator
• Long Term Stable Tenancy
• Fully Built Private Pickleball Court
• Exciting Owner/User Opportunity
• Exciting Owner/User Opportunity
• Rooftop Patio Space
• Great Visibility on Ventura with Pole Signage
• SBA Financing Available
17047 Ventura Blvd, Encino, CA 91316
NEW ASKING PRICE: $3,500,000
PREVIOUS ASKING PRICE: $4,450,000
Buiding Size: ± 6,099 SF
Land Size: ± 0.18 AC/± 7,976 SF (per title)
Parking Spaces: 8
Zoning: C4-IVL
APN: 2258-013-023
FEATURES:
• Brand New NNN Lease with Strong Restaurant Operator
• Long Term Stable Tenancy
• Fully Built Private Pickleball Court
• Exciting Owner/User Opportunity
• Exciting Owner/User Opportunity
• Rooftop Patio Space
• Great Visibility on Ventura with Pole Signage
• SBA Financing Available
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,099 SF
Building Class
C
Year Built
1970
Price
$3,500,000
Price Per SF
$573.86
Cap Rate
7.80%
NOI
$273,000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.78
Lot Size
0.18 AC
Zoning
C4-IVL - Commerical
Parking
8 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
95’ on Ventura Blvd
Amenities
- Bus Line
- Pylon Sign
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2258-013-023 | Improvements Assessment | $1,244,796 |
| Land Assessment | $3,301,417 | Total Assessment | $4,546,213 |
Property Taxes
Parcel Number
2258-013-023
Land Assessment
$3,301,417
Improvements Assessment
$1,244,796
Total Assessment
$4,546,213
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17047 Ventura Blvd
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