18635-18639 Ventura Blvd

Property Description

Marcus & Millichap has been exclusively appointed to represent the ownership of 18635-18639 Ventura Blvd—a two-tenant retail property situated on one of the busiest stretches of Ventura Blvd in Tarzana. This prime asset offers substantial flexibility for a potential owner-user, with nearly half of the property currently vacant and available for immediate occupancy. The other suite within the building has recently been leased to Salon Oaselle, a high-end Hair Salon, which has made significant improvements to the unit at their own expense.

Comprising of approximately 3,286 square feet, this retail building sits on roughly 0.18 acres of LAC2 zoned land. Positioned on the north side of Ventura Blvd, between Reseda Blvd and Yolanda Ave, the property benefits from a high-traffic location, with approximately 42,000 vehicles passing by daily. The advantageous 63 feet of frontage along Ventura Blvd, coupled with eyebrow signage, enhances visibility and appeal for prospective business owners.

Included with the asset is a parking lot with 12 spaces, accessible from the rear alley—a notable advantage compared to many other retail spaces along Ventura Blvd. Ample metered street parking is also available along the Boulevard for overflow parking. A silicon application to the roof was applied
in December of 2019 and regular maintenance underscores the high level of pride of ownership maintained by the current ownership.

The recent vacancy of the smaller suite offers a new owner the opportunity for immediate occupancy, complemented by favorable financing options. The rental income generated by the hair salon leasing the other suite contributes to mitigating mortgage payments. The tenant’s investment in recent improvements reflects confidence in the business and location.

Situated on a sought-after stretch of Ventura Blvd, the property is surrounded by a desirable tenant mix and excellent accessibility to the 101 Freeway, with an entrance/exit located less than half a mile away. Additionally, the Providence Cedars-Sinai Tarzana Medical Center is just 0.5 miles from the property, and Class A amenities are within walking distance, ensuring a promising future 6 for any business at this location.

Property Highlights

• Rare Tarzana Retail Owner/User Opportunity with Income
• Located on the Famed and Highly Sought-After Ventura Blvd
• High Traffic Counts- Over 42,000 Vehicles Per Day
• 12 Off-Street Parking Spaces accessed by Rear Alley*
• 0.5 Miles from 101 Freeway and 1.4 Miles from 405 Freeway
• Pedestrian Oriented Strip of Ventura Blvd – Walk Score of 87
• Walking Distance (0.6 Miles) to Providence Cedars-Sinai Tarzana Medical Center | Over 1,500 Employees and 249+ Beds
• Strong Underlying Submarket Fundamentals – Sub 5% Vacancy Rate | YOY Rent Growth
• Excellent Demographics – Population of 165,335 and Average Household Income of $123,528 within a 3-Mile Radius
  *Potential Parking Solutions for Higher Parking Intensive Uses. Contact Agent for Details.