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$719.33
Days on Market9
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
(310) 464-1453
Listed By:
Oron Maher · License #CA 01299093
Source:
Crexi
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 4 at 12:06PM
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-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 = 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
$165,934
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
3.08%
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%
$3,318,680
$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
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
$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 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%
$3,318,680
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 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.02M
$3.51M – $4.68M
NOI $281,083 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
34,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
4,756
Businesses Nearby
346k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Shops & Services 29%
Electronics 11%
Groceries 10%
In-N-Out Burger
Dining
52,904 visits/mo
0.5 miles
Best Buy
Electronics
39,425 visits/mo
0.5 miles
Pavilions
Groceries
34,427 visits/mo
0.1 miles
World Market
Home Improvements & Furnishings
22,293 visits/mo
0.5 miles
El Torito
Dining
16,196 visits/mo
0.5 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 West region
Questions? Ask Rey
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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 $5,395,000.
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
