Occupied Streetfront Retail
For Sale
$5,395,000
15143 Ventura Boulevard, Los Angeles, CA 91403
Six-unit retail property with full occupancy, flexible LAC2 zoning, and direct frontage along Ventura Boulevard.
Property Size7,500 SF
Lot Size0.30 Acres
Price / SF$719.33
Days on Market50
Property Features for 15143 Ventura Boulevard
General Information
Standard status
Active
Size
7,500 SF
Lot size
0.30 Acres
Property subtype
COMMERCIAL
Zoning
LAC2
Occupancy
100%
Site & Location
Traffic Count
34,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Gross Income
$339,024
Building Details
Building Size
7,500 SF
Year Built
1953
Buildings
2
Tenancy
Multi
Listing Agency:
Maher Commercial Realty
Listed By:
Oron Maher · License #01299093
(310) 464-1453
Source:
Archetyperealty
Added: Jul 29
Changed: Sep 15
Last Checked: Sep 15 at 8:47AM
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 Maher Commercial Realty
Investment Insights
Based on property information with market context.
This street-front retail strip comprises two adjacent parcels totaling 13,068 square feet of land, improved with two structures offering 7,500 square feet of gross leasable area across six units. The buildings were originally constructed in 1952 and 1953, and the property is currently 100% occupied by service and specialty retail tenants. The majority of leases are structured as NNN, while two units operate on open month-to-month tenancies and the remaining leases include contractual annual increases.
The property fronts Ventura Boulevard in Sherman Oaks, with more than 34,000 vehicles passing daily and a Walk Score of 87. BLVD Steak, Pizzana, and Sweet Butter Cafe are directly across the boulevard, while Erewhon, Whole Foods, Gelson's, Ralphs, Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row are within the surrounding trade area. The 101 Freeway is less than one mile away, and the 405 interchange is approximately two miles west. The parcels carry LAC2 zoning.
The property fronts Ventura Boulevard in Sherman Oaks, with more than 34,000 vehicles passing daily and a Walk Score of 87. BLVD Steak, Pizzana, and Sweet Butter Cafe are directly across the boulevard, while Erewhon, Whole Foods, Gelson's, Ralphs, Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row are within the surrounding trade area. The 101 Freeway is less than one mile away, and the 405 interchange is approximately two miles west. The parcels carry LAC2 zoning.
Key Highlights
- Two adjacent parcels totaling 13,068 square feet of land
- 7,500 square feet of gross leasable area across six units
- 100% occupied street‑front retail property
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
$174,054
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
3.23%
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%
$3,481,080
$3.5M
Cap Rate 7%
$2,486,486
$2.5M
Cap Rate 9%
$1,933,933
$1.9M
Market Conditions
NOI Build-Up for 7,500 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
$277.2K $36.96/SF
− Vacancy
−$28.6K −$3.81/SF
EGI
$248.6K $33.15/SF
− OpEx
−$74.6K −$9.95/SF
NOI
$174.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$3,481,080
Cap Rate 7%
$2,486,486
Cap Rate 9%
$1,933,933
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.90M
NOI $174,054 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$151.95M
$132.95M – $177.27M
NOI $10,636,185 @ 7.0% cap · market cap 197.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,814
Businesses Nearby
189k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 37%
Shops & Services 27%
Dining 18%
Home Improvements & Furnishings 12%
Whole Foods Market
Groceries
36,482 visits/mo
0.3 miles
Pavilions
Groceries
34,427 visits/mo
0.4 miles
World Market
Home Improvements & Furnishings
22,293 visits/mo
0.1 miles
Mobil
Shops & Services
15,944 visits/mo
0.3 miles
Starbucks
Dining
15,360 visits/mo
0.2 miles
Demographics for 91403, CA
25,329
Population
13,095
Households
1.9
Avg Household Size
40
Median Age
68%
College-Educated
98%
High-School Grad
3.6 sq mi
ZIP Area
7,036
Density / Sq Mi
$114,348
Median Household Income
$70,449
Median Earnings
$2,437
Median Rent
$1,467,900
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Six-unit retail property with full occupancy, flexible LAC2 zoning, and direct frontage along Ventura Boulevard.
Where is this strip mall located?
The property is located at 15143 Ventura Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,395,000.
What are key features of this property?
This property features: Two adjacent parcels totaling 13,068 square feet of land; 7,500 square feet of gross leasable area across six units; 100% occupied street‑front retail property
