19709 Ventura Blvd
Mixed Use | 5,818 SqFt
Marketing description
illi Commercial Real Estate is pleased to present 19709 Ventura Boulevard, a 5,818-square-foot mixed-use retail and office property situated on 0.15 acres of land (6,603 SF) in the affluent West San Fernando Valley submarket of Woodland Hills, CA.19709 Ventura Boulevard is currently 41.12% occupied by a mix of ground-floor retail tenants and second-floor office tenants.
The ground floor is made up of four (4) retail units and one additional unit in a separate structure in the rear totaling 3,091 square feet (an average 618 square foot per unit). On average, the ground floor tenants are paying $3.08/ SF per month (or $5,122.00 monthly) on gross leases. The ground floor tenants are on short-term leases, with an average remaining lease term of 0.24 years, with the longest lease expiring on 4/30/2025.
The subject property benefits from excellent visibility and frontage, ideally located one parcel west of the NW signalized corner of Corbin Ave & Ventura Blvd, with approximately 50 feet of linear frontage along Ventura Boulevard. The property is served by 8 surface parking spaces, a parking ratio of 1.38 spaces per 1,000 SF, accessible via an alley in the rear.
Investment highlights
- The ground floor retail is made up of four (4) retail units, one separate unit in the rear, and five (5) second-floor office units totaling 5,818 SF
- The current tenancy is on short-term leases with an average term remaining of 0.28 years, with the longest lease expiring in 4/30/2025
- Ideally positioned, one parcel west of the NW signalized corner of Corbin Avenue and Ventura Boulevard
- Approximately 50 feet of linear frontage along Ventura Boulevard
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