18580 Ventura BlvdLos Angeles, CA 91356

  • Retail properties
  • 5,791 SF
For Lease

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
18580 Ventura Blvd, Los Angeles, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,631
$689,075
$674,583
$1,363,658
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FAQs

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