14645 Ventura Blvd Los Angeles, CA 91403

This offering presents the opportunity to acquire a fee simple interest in a property located at 14637-14645 Ventura Blvd & 14620 Moorpark St, Sherman Oaks, CA 91403. The property features street-front retail space that provides existing income from current tenants and boasts over 140 feet of frontage along a pedestrian and retail-friendly area with a walk score of 87. Situated on approximately 12,624 square feet of land, the retail assemblage offers immense development potential for a variety of projects. The property's zoning permits C2-1L with a confirmed Tier 3 transit-oriented density bonus designation. The location benefits from heavy foot and vehicle traffic, with Ventura Boulevard seeing over 45,340 vehicles per day. The surrounding area has a bustling economy and a high-end retail environment. Within a three-mile radius of the property, the population is approximately 160,000. The average household incomes within a one-mile radius top $124,000. Additionally, the offering includes a 2,640 square foot, four-unit apartment building and 19,140 square foot lot, located directly behind the Ventura Blvd assemblage at 14620 Moorpark Street. The Moorpark assemblage is suitable for redevelopment, offering investors a covered land play to capitalize on favorable zoning designations. The total property size is 38,317 square feet.