12616 Ventura BlvdLos Angeles, CA 91604
- Retail properties
- 5,240 SF
Property Details for 12616 Ventura Blvd
- Year built
- 1948
- Property size (Sq ft)
- 5,240 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
This exceptional restaurant property, located at 12616 Ventura Blvd in Studio City, California, presents a compelling investment opportunity. The 5,240 square foot building, constructed in 1948 and situated on a C2 zoned lot, boasts a strong net operating income (NOI) of $240,026, yielding a 4.29% cap rate at an asking price of $5,595,000 ($1,048 per square foot). The two-story building features 15 parking spaces, a significant advantage in this high-traffic area. Further enhancing its appeal are irreplaceable pole signage and a recent remodel completed in 2021, including a new roof. The property benefits from its location on Ventura Boulevard, a highly visible and trafficked thoroughfare, surrounded by national retailers such as Staples, Bed Bath & Beyond, Ralphs, and Equinox. This established restaurant offers an owner-user opportunity or a stable, long-term investment with reliable tenants. The property's prime location and desirable features make it an exceptional addition to any portfolio. The property is for sale by owner.
Location Insight
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Latitude
- 34.1437
- Longitude
- -118.408
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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