18580 Ventura BlvdLos Angeles, CA 91356
- Retail properties
- 5,791 SF
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
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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