12616 Ventura Blvd
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12616 Ventura Blvd
5,240 SF 47% Leased Retail Building Studio City, CA 91604 £4,420,106 (£844/SF) 4.29% Net Initial Yield
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
£4,420,106
Price Per SF
£844
Net Initial Yield
4.29%
NOI
£189,623
Percent Leased
47%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.34
Land Acres
0.35 AC
Zoning
C2-1Vlla - Neighborhood Commercial
Parking
15 Spaces (2.86 Spaces per 1,000 SF Leased)
Frontage
80 ft on Ventura
Amenities
- Bus Route
- Pylon Sign
- Signage
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2384-022-027 | Improvements Assessment | £471,972 |
| Land Assessment | £629,298 | Total Assessment | £1,101,271 |
PROPERTY TAXES
Parcel Number
2384-022-027
Land Assessment
£629,298
Improvements Assessment
£471,972
Total Assessment
£1,101,271
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Dean Cutler -
illi Commercial Real Estate
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12616 Ventura Blvd
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