19001 Ventura BlvdTarzana, CA 91356

Property Details for 19001 Ventura Blvd

Year built

1965

Construction

WOOD

Lot size

0.58 AC

Property size (Sq ft)

12,964 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2163-020-017

APU

2163020017

Description

This thriving sushi restaurant in Tarzana, CA, presents a unique investment opportunity for owner-operators or investors seeking a high-performing business. Located at 19001 Ventura Boulevard, this established eatery boasts a loyal customer base and impressive financial performance, generating $1.86 million in sales and a net income of $350,000. The 1,000 square foot space comfortably seats 45 patrons, with an additional 16 seats at the bar, which can accommodate up to four sushi chefs. Two restrooms are available for customer use. The restaurant operates with five employees and benefits from convenient on-site parking. Current lease terms include a monthly rent of $5,000 (NNN included), with lease options available. The restaurant's hours of operation are Monday-Thursday 12:00 PM - 2:30 PM and 5:30 PM - 9:30 PM, Friday and Saturday 12:00 PM - 2:30 PM and 5:30 PM - 10:00 PM, and Sunday 5:30 PM - 9:00 PM. An adjacent 1,000 square foot space is also available for rent, offering potential for expansion. A non-disclosure agreement is required for interested parties. This is a turnkey operation with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,516,606

  6.5%

  $5,092,251

  7%

  $4,728,519

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,212,390

  Geo Method

  $6,212,390

• Alternative Use

  Use

  Valuation

  Residential

  $4,295,504

  Hospitality

  $3,934,659

  Educational

  $3,273,590

  Medical

  $3,386,174

  Retail

  $5,092,251

Location Insight

City

Tarzana

County

Los Angeles

State

California

Latitude

34.1729

Longitude

-118.548

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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