19531 VENTURA BLVD TARZANA, CA 91356 Print this page

$3,985,000 

MIXED USE – RETAIL/OFFICE

19531 VENTURA BLVD TARZANA, CA 91356

PROPERTY INFORMATION

BUILDING SIZE 10,353 SF NO. STORIES 2
PRICE/SF $254.70 SECOND FLOOR Contiguous Executive Suites
PROPERTY TYPE Owner-User YEAR BUILT 1963
PROPERTY SUB-TYPE
Retail/Office
LOT SIZE 12,490 SF
PARKING RATIO 2.24 / 1,000 SF ZONING  C2-1VLD

HIGHLIGHTS

  • The property appeals to a variety of service commercial users requiring presence on Ventura Boulevard and prominent signage.

  • Flexible layout and multi-tenant corridors on the second floor allows an owner/user to expand and contract within the building.

  • In-place occupancy provides passive cash flow and future expansion.

  • Minimal costs for future leasing since the smaller unit sizes require less capital for tenant improvements and they are typically offered on an “as-is” basis with minimal tenant concessions.

  • Secure long term fixed operating cost structure-lock in long term fixed rate financing at historically low interest rates providing a hedge against increasing rental rates.

  • Rather than paying rent to a landlord your rent will pay off the property mortgage and proved a more attractive after-tax return. An Owner/User will save approximately 36% compared to leasing with an after-tax Equity build-up of approximately $2.9MM over a 10 year period.

  • Affluent Demographics- $90,296 median house hold income within a 1 mile radius.

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