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9576845
9576846

12616 Ventura Blvd, Los Angeles, CA 91604 For Sale

illi Commercial Real Estate
DC
CA 00907933
illi Commercial Real Estate
Listed by illi Commercial Real Estate
$5,595,000
1314 days on market
Updated 116 days ago

12616 Ventura Blvd

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,240
Cap Rate 4.29%
NOI $240,026
Price per SqFt $1,048
Class C
Year Built 1948
Stories 2
Zoning C2
Parking Spaces 15 spaces
Parking per 1,000 SqFt 2.86
Sale Condition For sale by owner

Retail | 4.29% CAP | 5,240 SF

Marketing description

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.

Investment highlights

  • Exclusive parking

  • Irreplaceable pole signage

  • Studio City location

  • Owner-user opportunity

  • Recently remodeled

Listing Contacts

illi Commercial Real Estate
DC
CA 00907933
illi Commercial Real Estate
Listed by illi Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$240,026.00
$20,002.17/mo

Valuation Metrics

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DSCR
4.29%
Cap Rate
4.29%
ROI

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