18580 Ventura BlvdLos Angeles, CA 91356

Property Details for 18580 Ventura Blvd

Year built

1989

Construction

TILT-UP CONCRETE

Lot size

0.11 AC

Property size (Sq ft)

5,791 SF

Zone code

LAC2

Property type

Turn key restaurants

APN

2161-016-003

APU

2161016003

Description

This exceptional 5,791 square foot, two-story creative office building, constructed and renovated in 2018, boasts an unparalleled location on Ventura Boulevard in Tarzana, California, just one block west of Reseda Boulevard. The building's unique design features an impressive 18-foot ceiling in the open-plan area, complemented by a mezzanine/loft level ideal for management, offering a private balcony with panoramic views. Hardwood floors and abundant natural light create a bright and inviting atmosphere throughout. The property includes two decks (one with a wet bar), a waiting area with skylights, two bathrooms (one with a shower), and a fully equipped kitchen with a break area. The flexible layout offers five private offices, perfect for focused work, alongside the expansive open space, fostering collaboration and communication. The building is wired for up to 24 workstations with power and LAN connections. Its prominent location provides exceptional visibility for signage, a significant advantage considering comparable billboard advertising costs exceed $9,000 per month on Ventura Boulevard. This free-standing building, situated in Tarzana's prestigious "Safari Walk" area, offers a unique opportunity for businesses seeking a high-profile address in a desirable location. The building's design and amenities are well-suited for a variety of businesses, including but not limited to architectural firms, law offices, real estate agencies, and creative industries.

• CAP approach

  CAP return

  Valuation

  6%

  $2,464,260

  6.5%

  $2,274,701

  7%

  $2,112,222

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,775,066

  Geo Method

  $2,775,066

• Alternative Use

  Use

  Valuation

  Residential

  $1,918,796

  Hospitality

  $1,757,606

  Educational

  $1,462,308

  Medical

  $1,512,599

  Retail

  $2,274,701

Location Insight

City

Tarzana

County

Los Angeles

State

California

Latitude

34.1693

Longitude

-118.538

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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