18955 Ventura BlvdLos Angeles, CA 91356

Property Details for 18955 Ventura Blvd

Year built

1984

Construction

WOOD

Lot size

0.87 AC

Property size (Sq ft)

21,691 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2163-020-019

APU

2163020019

Description

Topeka Plaza, a vibrant 21,691 square foot strip center in Los Angeles County, presents a unique investment opportunity. This multi-tenant property boasts excellent street visibility on Ventura Boulevard, experiencing over 41,000 cars daily. The center features a diverse and strong tenant mix, including established businesses such as Peet's Coffee, T-Mobile, Magpies Softserve, Domino's, and SAS Shoes. Currently, 6,100 square feet of retail space is available, with spaces ranging from 1,550 to a maximum contiguous 4,800 square feet. The property sits on a 0.87-acre lot and was built in 1984. Ample shared customer parking is provided, with multiple ingress and egress points for convenient access. Attractive signage opportunities exist, including monument and pylon signage. The property includes air conditioning and a parking ratio of 2.03 spaces per 1,000 square feet. This high-traffic location, combined with a strong tenant base and excellent visibility, makes Topeka Plaza an ideal investment for discerning buyers seeking a prime retail space on a busy thoroughfare.

• CAP approach

  CAP return

  Valuation

  6%

  $9,230,229

  6.5%

  $8,520,211

  7%

  $7,911,625

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,394,397

  Geo Method

  $10,394,397

• Alternative Use

  Use

  Valuation

  Residential

  $7,187,117

  Hospitality

  $6,583,360

  Educational

  $5,477,278

  Medical

  $5,665,650

  Retail

  $8,520,211

Location Insight

City

Tarzana

County

Los Angeles

State

California

Latitude

34.1728

Longitude

-118.547

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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