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$ 5,395,000
Est. payment /mo
Active
15143 Ventura Blvd Los Angeles, CA 91403
7,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 7,500 sqft
Price per Sqft $719
MLS Listing ID 26865849
Year Built 1953
Lot Size 0.300 Acres
Acres 0.1493
Property Sub-Type Retail
Property Description
We are pleased to present the exclusive opportunity to acquire 15143-15153 Ventura Blvd, a 100% occupied street front retail strip on premier Ventura Boulevard frontage in the heart of Sherman Oaks. The asset consists of two adjacent parcels totaling 13,068 square feet of land under flexible LAC2 zoning, improved with two structures originally built in 1952 and 1953 comprising 7,500 square feet of gross leasable area across six units. The property currently generates $28,252 in gross monthly income from an established roster of service and specialty retail tenants including Sahaja Culture, Expert Insurance, Linda Lues Massage, Inaya, Shalom Giftshop, and No Mans Barber. This is an irreplaceable location. The property fronts Ventura Boulevard, the primary east west thoroughfare of the San Fernando Valley, carrying more than 34,000 vehicles daily with a Walk Score of 87. It sits directly across from BLVD Steak, Pizzana, and Sweet Butter Cafe, and minutes from Erewhon, Whole Foods, Gelson's, and Ralphs. The Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row anchor the surrounding trade area, and the 101 Freeway is less than one mile away with the 405 interchange approximately two miles west. Frontage of this quality on this stretch of the boulevard is finite and rarely comes to market. The value add is direct and sits entirely within an incoming owner's control. The majority of the tenant base operates under NNN lease structures, yet the owner is not currently charging for CAM, leaving common area and expense recoveries billed at a fraction of market. Bringing those recoveries to the levels supported by comparable Ventura Boulevard properties adds income with no capital investment required. Two units operate on open month to month tenancies that can be reset to current market rent on turnover, and the balance of the roster carries contractual annual increases already built into the leases. This asset is tailored for private syndicators, 1031 exchange buyers, and institutional operators seeking a high barrier to entry retail position in a premier Southern California submarket. An incoming owner captures stabilized cash flow on day one, executes a defined value add plan through expense recovery and rent resets, and patiently holds two contiguous LAC2 parcels positioned in the path of affluent West Valley consumer demand.
Location
State CA
County Los Angeles
Area Sherman Oaks
Zoning LAC2
Exterior
Garage Spaces 6.0
Building
Story 1
Others
Special Listing Condition Standard
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Listed by Maher Commercial Realty
NEARBY SCHOOL & BUSINESS
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