Street-Front Strip
For Sale
Contact for pricing
15143 VENTURA BLVD, Sherman Oaks, CA 91403
Fully occupied retail space combines service and specialty tenants along a major commercial boulevard.
Property Size7,500 SF
Lot Size0.30 Acres
Price / SF$600
Days on Market100
Property Features for 15143 VENTURA BLVD
General Information
Standard status
Active
Size
7,500 SF
Class
A
Total Parking Spaces
6
Lot size
0.30 Acres
Property subtype
Retail
Zoning
LAC2
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Additional Details
Gross Income
$339,024
Traffic Count
34,000 vehicles/day
Building Details
Year Built
1953
Buildings
2
Stories
1
Units
6
Tenancy
Multi
Listing Agency:
Maher Commercial Realty
Listed By:
Oron Maher · License #CA 01299093
(415) 378-5464
Source:
Crexi
Added: Jul 29
Changed: Nov 3
Last Checked: Nov 4 at 1:24PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This street-facing retail property comprises two adjacent parcels totaling 13,068 square feet, improved with two structures containing 7,500 square feet of gross leasable area. The six-unit configuration was developed in 1952 and 1953 and is currently 100% occupied by service and specialty retail businesses. The property is governed by LAC2 zoning, and most tenants operate under NNN lease structures. Two suites are leased month to month, while the remaining leases include contractual annual increases.
The property fronts Ventura Boulevard in Sherman Oaks, with reported traffic exceeding 34,000 vehicles daily and a Walk Score of 87. BLVD Steak, Pizzana, and Sweet Butter Cafe are directly across the boulevard. Erewhon, Whole Foods, Gelson’s, and Ralphs are minutes away, while Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row serve as nearby trade-area anchors. The 101 Freeway is less than one mile away, and the 405 interchange is approximately two miles west.
The property fronts Ventura Boulevard in Sherman Oaks, with reported traffic exceeding 34,000 vehicles daily and a Walk Score of 87. BLVD Steak, Pizzana, and Sweet Butter Cafe are directly across the boulevard. Erewhon, Whole Foods, Gelson’s, and Ralphs are minutes away, while Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row serve as nearby trade-area anchors. The 101 Freeway is less than one mile away, and the 405 interchange is approximately two miles west.
Key Highlights
- Two adjacent parcels totaling 13,068 square feet with 7,500 square feet of gross leasable area
- Six retail units with 100% occupancy
- LAC2 zoning and Ventura Boulevard frontage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$165,934
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,680
$3.3M
Cap Rate 7%
$2,370,486
$2.4M
Cap Rate 9%
$1,843,711
$1.8M
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$253.8K $33.84/SF
− Vacancy
−$16.8K −$2.23/SF
EGI
$237.0K $31.61/SF
− OpEx
−$71.1K −$9.48/SF
NOI
$165.9K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,318,680
Cap Rate 7%
$2,370,486
Cap Rate 9%
$1,843,711
Alternative Uses
Best Use
Retail
$2.37M
$2.07M – $2.77M
NOI $165,934 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.51M – $4.68M
NOI $281,083 @ 7.0% cap · market cap 6.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Fully occupied retail space combines service and specialty tenants along a major commercial boulevard.
Where is this strip mall located?
The property is located at 15143 VENTURA BLVD Sherman Oaks, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Two adjacent parcels totaling 13,068 square feet with 7,500 square feet of gross leasable area; Six retail units with 100% occupancy; LAC2 zoning and Ventura Boulevard frontage
