Occupied Streetfront Retail
For Sale
$4,900,000
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$653.33
Days on Market96
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
Neighborhood
Sherman Oaks
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
(415) 378-5464
Source:
Archetyperealty
Added: Jul 29
Changed: Oct 31
Last Checked: Oct 30 at 11:12PM
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-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 / Yr
$174,054
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
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
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 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 3.55%
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 217.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
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 $4,900,000.
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
