Building Details

Tenancy Multi

Listing Agency: Coldwell Banker Commercial NRT Calabasas

Listed By: Brian Mallasch · License #01748272

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 11:44PM

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Investment Insights

Based on property information with market context.

This vacant storefront property at 17974-17976 Ventura Blvd. is configured as two rental units, with the potential to operate as one space or convert the layout into three rentable units. The property carries a Restaurant Certificate of Occupancy, and the prior food-use tenancy had operated at the site for more than 30 years. Approximately 40 feet of frontage along Ventura Blvd. and multiple signage opportunities support customer-facing commercial use.

The building occupies a signal-controlled corner in Encino within the San Fernando Valley. On-site parking is located behind the property, supplemented by local street parking. The combination of existing restaurant-related approvals, flexible unit configuration, corner positioning, and vacant occupancy accommodates both owner-user and investment-oriented consideration.

Key Highlights

• Approximately 40 feet of frontage along Ventura Blvd.
• Restaurant Certificate of Occupancy in place
• Currently configured as two rental units; potential for three rentable units

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Hotel & Motel Catering Service Parking Lot & Garage Restaurant (Bike/Boat/Book/etc) Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

3,258

Businesses Nearby

245k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 30% Dining 29% Shops & Services 28% Apparel 10%

Ralphs Groceries

59,454 visits/mo 0.2 miles

Chick-fil-A Dining

27,799 visits/mo 0.4 miles

Dollar Tree Shops & Services

24,707 visits/mo 0.1 miles

McDonald's Dining

23,519 visits/mo 0.4 miles

Ross Dress for Less Apparel

20,753 visits/mo 0.2 miles

Demographics for 91316, CA

28,777

Population

13,602

Households

2.1

Avg Household Size

43

Median Age

58%

College-Educated

94%

High-School Grad

5.5 sq mi

ZIP Area

5,232

Density / Sq Mi

$90,802

Median Household Income

$57,845

Median Earnings

$2,104

Median Rent

$909,700

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Two-unit layout with restaurant certificate of occupancy and rear on-site parking.

Where is this storefront property located?

The property is located at 17974-17976 Ventura Blvd. Encino, CA.

What are key features of this property?

This property features: Approximately 40 feet of frontage along Ventura Blvd.; Restaurant Certificate of Occupancy in place; Currently configured as two rental units; potential for three rentable units