Remodeled Office Building in Woodland
For Sale
$1,995,000
19825 Ventura Boulevard, Woodland Hills, CA 91364
Remodeled professional office building with prime location and ample parking.
Property Size3,462 SF
Price / SF$576.26
Days on Market480
Property Features for 19825 Ventura Boulevard
General Information
Standard status
Active
Size
3,462 SF
Listing Agency:
PROPERTIES PLUS
Listed By:
CHERYL FOX
Source:
Corcoran
Added: May 16, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PROPERTIES PLUS
Investment Insights
Based on property information with market context.
This professional office space is located in Woodland Hills. The interior of the remodeled building was previously used as an urgent care and dental practice. It features a reception area, 8 exam rooms, 4 bathrooms, and an x-ray room. Ample storage is available. The property has secure gated parking in the rear with 7 spaces, plus street parking. The location provides easy access to the 101 Freeway, shopping, dining and other amenities. The property is situated in an established location with excellent visibility. The sale is a probate sale subject to court confirmation on 08/20/2025. Proof of funds is required for the cash purchase. The property size is 3,462 square feet.
Key Highlights
- Prime Woodland Hills location with excellent visibility and easy access to the 101 Freeway, shopping, and dining.
- Remodeled professional building previously used as an urgent care and dental practice.
- Interior features a reception area, 8 exam rooms, 4 bathrooms, and an x‑ray room.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,175
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,643,500
$1.6M
Cap Rate 7%
$1,173,929
$1.2M
Cap Rate 9%
$913,056
$913.1K
Market Conditions
NOI Build-Up for 3,462 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$134.6K $38.88/SF
− Vacancy
−$25.0K −$7.23/SF
EGI
$109.6K $31.65/SF
− OpEx
−$27.4K −$7.91/SF
NOI
$82.2K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,643,500
Cap Rate 7%
$1,173,929
Cap Rate 9%
$913,056
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,175 @ 7.0% cap · market cap 4.12%
Second Best
Healthcare Medical
$917.3K
$802.6K – $1.07M
NOI $64,210 @ 7.0% cap · market cap 3.22%
Theoretical Best
Multifamily LT 5
$70.14M
$61.37M – $81.83M
NOI $4,909,663 @ 7.0% cap · market cap 246.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,690
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91364, CA
27,071
Population
10,969
Households
2.5
Avg Household Size
45
Median Age
55%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,609
Density / Sq Mi
$134,534
Median Household Income
$74,852
Median Earnings
$2,847
Median Rent
$1,162,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Remodeled professional office building with prime location and ample parking.
Where is this medical office space located?
The property is located at 19825 Ventura Boulevard Woodland Hills, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Prime Woodland Hills location with excellent visibility and easy access to the 101 Freeway, shopping, and dining.; Remodeled professional building previously used as an urgent care and dental practice.; Interior features a reception area, 8 exam rooms, 4 bathrooms, and an x‑ray room.
