We are pleased to present a rare owner-user or investment opportunity located along the premier Ventura Boulevard corridor in Sherman Oaks. Built in 2011, the 10,080-square-foot mixed-use property consists of five ground-floor retail suites and six second floor office suites within a modern, turnkey asset positioned in one of the… Read More most desirable commercial corridors in the San Fernando Valley. The property benefits from strong in-place tenancy and near-term upside potential. Two retail suites totaling 1,904 square feet are leased to LaserAway through December 2028 with annual rent increases, while an additional 1,367 square feet of retail space is occupied on a month-to-month basis and a 600-square-foot retail suite is currently vacant. One office suite is leased through September 2028, and approximately 3,342 square feet of remaining office space is available, creating an ideal opportunity for an owner-user. The building provides excellent parking, including gated surface and subterranean spaces, along with secure basement storage units that offer supplemental income potential. The asset is well suited for a variety of uses, including potential medical office conversion supported by a favorable parking ratio and recent regulatory allowances. The opportunity is further enhanced by the ability for an owner-user to pursue SBA financing, which may reduce the required equity investment compared to conventional financing. Strategically located on a highly walkable stretch of Ventura Boulevard with more than 115 feet of frontage and strong daily traffic counts, the property benefits from exceptional visibility and access. Sherman Oaks is an affluent and densely populated submarket supported by major entertainment and media employers, nearby educational institutions, and a high-income residential base. Overall, the offering represents a rare chance to acquire a newer-construction mixed-use asset with flexible occupancy options in one of Southern California's most sought after commercial markets. Read Less
Courtesy of Marcus & Millichap 310-909-5500
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Lot Size
0.32 Acres
Year Built
2011
MLS Number
26650947
30 Days Snapshot Of 91423
$1.77M
+8%
(avg) sold price
11
0%
homes sold
68
-39%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
10,080 sq ft, Built in 2011
Disclosures
None
Lot
LotAcreage: 0.3166, LotSizeArea: 13,791
Parking
TotalParking: 32
Property
Zoning: LAC2
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