USACALos Angeles15720 Ventura Boulevard
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New
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$19,999,000

For Sale

9 hours ago

15720 Ventura Boulevard, Los Angeles, CA

House

MLS® 26871111

0 Bed

0 Bath

--

231 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes 
Days Active 1
Lot Size 1.817 Acres
Approx. Age 1964
MLS® Number 26871111

Property Address: 15720 Ventura Boulevard, Los Angeles, CA, 91436

Average square foot calculated using Size range provided by listing agent.

Description

15720 Ventura Blvd is a six story multi-tenant office & retail building located in Encino, California. The building was originally built in 1964 and has a two-story parking structure behind the building and a large open parking lot behind that.There is excess parking for the building and provides an opportunity to develop an additional structure at the rear of the property, most likely multi-unit housing. There are 122 tenant spaces that are primarily made-up medical office services with some retail on the ground floor. There are 20 vacant suites totaling 17, 937 sq. ft. of space / 22.5% of the rentable sq. ft..The average current rent is only $2.62 in a market where comparable properties are asking $2.75 to $3.00 PSF per month for comparable small suites. There is also additional income provided by a billboard lease, cell tower and parking revenue. The current zoning of C4 and R3 provides both current and future development potential for this site.The area is subject to the Ventura / Cahuenga Boulevard Corridor Specific Plan in the City of Los Angeles. Encino is an upscale submarket in the San Fernando Valley and has access to the 101 and 405 freeway. It is a short distance to Tarzana Medical Center and is a well-established location for medical offices, retail, and other service providers. This is a tremendous opportunity to purchase a generational piece of real estate with upside in current rents and operations, as well as with future development potential
MLS® Number26871111
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1964
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 11, 2026List Date
$19,999,000List Price
  • Commute

Commute

Starting Address
Destination Address
15720 Ventura Boulevard, Los Angeles, CA

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