12250 Ventura BlvdLos Angeles, CA 91604

Property Details for 12250 Ventura Blvd

Year built

1940

Lot size

0.12 AC

Property size (Sq ft)

4,218 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 4,218 square foot storefront on Ventura Boulevard in Studio City, California. The property boasts a long-term, single-tenant net lease with Cedars Sinai Medical Center, a tenant with an AA- rating and $7.3B in 2023 revenue. The lease, commencing August 22, 2022, has a remaining term of 8.2 years, with two 5-year renewal options and a 3% annual rent increase. The property features a strong net operating income (NOI) of $319,594, resulting in a 4.50% cap rate. Built in 1940 and renovated in 2023, the building sits on a 0.12-acre lot and benefits from a 100% occupancy rate. The prime location on Ventura Boulevard offers high visibility, with 43,000 vehicles passing daily, and is surrounded by other high-end retailers. The affluent area boasts an average household income exceeding $215,523, supporting strong discretionary spending. The tenant, Cedars Sinai, invested $2 million in the buildout, demonstrating their commitment to the location. Convenient parking and proximity to major freeways (I-405, Ventura, and Hollywood Freeways) further enhance the property's appeal. The property is zoned for commercial use and has an APN of 2369-004-025. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a prime Los Angeles location.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1431

Longitude

-118.4

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