Mixed-Use Retail and Office
For Sale
Contact for pricing
18645-18663 Ventura Boulevard, Tarzana, CA 91356
Three-story mixed-use building at a signalized corner with dedicated parking, currently 90% leased across retail and office tenants.
Property Size46,776 SF
Price / SF$362.37
Days on Market148
Property Features for 18645-18663 Ventura Boulevard
General Information
Standard status
Active
Size
46,776 SF
Total Parking Spaces
211
Property subtype
Mixed Use, Retail, Office
Zoning
LAC2 (Commercial Zone)
Occupancy
90%
Investment Type
Value Add
Net Operating Income
$893,884
Building Details
Year Built
1986
Year Renovated
2004
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Janet Neman · License #01069127
(310) 926-5181
Source:
Crexi
Added: Jun 11
Changed: Oct 28
Last Checked: Nov 4 at 11:34AM
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 Kidder Mathews Los Angeles West
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.
Wall Street Plaza is a three-story mixed-use retail and office property originally constructed in 1986 and renovated in 2004. The building comprises 46,776 square feet on two parcels totaling approximately 58,867 square feet of land. A dedicated adjacent parking structure supports approximately 211 spaces, representing a 4.3 spaces per 1,000 square feet parking ratio. The tenant mix includes restaurants, medical, financial services, beauty, bridal, and daily-needs users, with many tenants maintaining long-standing occupancy.
The property is located at the signalized northeast corner of Yolanda Avenue and Ventura Boulevard in Tarzana, California. It benefits from street frontage along one of the San Fernando Valley’s busiest commercial corridors, with daily traffic volumes approaching 40,000 vehicles along the property frontage and exceeding 41,000 vehicles just east of the site.
Wall Street Plaza is offered for sale as a free-and-clear investment with near-term vacancy for additional lease-up. Current occupancy is approximately 90% leased, and the asset includes multiple operational paths discussed in the marketing materials, including opportunities associated with in-place rents and structure-level lease terms such as NNN conversion. The dedicated parking allocation is positioned to support both customer access and day-to-day tenant operations for retail and office uses under one ownership platform.
The property is located at the signalized northeast corner of Yolanda Avenue and Ventura Boulevard in Tarzana, California. It benefits from street frontage along one of the San Fernando Valley’s busiest commercial corridors, with daily traffic volumes approaching 40,000 vehicles along the property frontage and exceeding 41,000 vehicles just east of the site.
Wall Street Plaza is offered for sale as a free-and-clear investment with near-term vacancy for additional lease-up. Current occupancy is approximately 90% leased, and the asset includes multiple operational paths discussed in the marketing materials, including opportunities associated with in-place rents and structure-level lease terms such as NNN conversion. The dedicated parking allocation is positioned to support both customer access and day-to-day tenant operations for retail and office uses under one ownership platform.
Key Highlights
- Wall Street Plaza is a three‑story mixed‑use retail and office building (46,776 SF) built in 1986 and renovated in 2004.
- Located at the signalized northeast corner of Yolanda Avenue and Ventura Boulevard in Tarzana, CA, with about 40,000 daily vehicles along the frontage.
- On two parcels totaling approximately 58,867 SF, with a dedicated adjacent parking structure providing about 211 spaces (4.3 spaces per 1,000 SF).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,110,286
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,205,720
$22.2M
Cap Rate 7%
$15,861,229
$15.9M
Cap Rate 9%
$12,336,511
$12.3M
Market Conditions
NOI Build-Up for 46,776 SF
Gross rent
$1.82M $38.88/SF
− Vacancy
−$338.3K −$7.23/SF
EGI
$1.48M $31.65/SF
− OpEx
−$370.1K −$7.91/SF
NOI
$1.11M $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,205,720
Cap Rate 7%
$15,861,229
Cap Rate 9%
$12,336,511
Alternative Uses
Best Use
Office B
$15.86M
$13.88M – $18.50M
NOI $1,110,286 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$15.51M
$13.57M – $18.09M
NOI $1,085,539 @ 7.0% cap · market cap 6.40%
Theoretical Best
Multifamily LT 5
$947.65M
$829.20M – $1,105.60M
NOI $66,335,757 @ 7.0% cap · market cap 391.36%
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
Location Intelligence
Trade Area within ½ mile
4,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 91356, CA
30,664
Population
12,715
Households
2.4
Avg Household Size
43
Median Age
56%
College-Educated
94%
High-School Grad
7.3 sq mi
ZIP Area
4,201
Density / Sq Mi
$110,094
Median Household Income
$60,504
Median Earnings
$2,027
Median Rent
$1,177,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building at a signalized corner with dedicated parking, currently 90% leased across retail and office tenants.
Where is this mixed-use property located?
The property is located at 18645-18663 Ventura Boulevard Tarzana, CA.
What is the asking price?
The asking price for this property is $16,950,000.
What are key features of this property?
This property features: Wall Street Plaza is a three‑story mixed‑use retail and office building (46,776 SF) built in 1986 and renovated in 2004.; Located at the signalized northeast corner of Yolanda Avenue and Ventura Boulevard in Tarzana, CA, with about 40,000 daily vehicles along the frontage.; On two parcels totaling approximately 58,867 SF, with a dedicated adjacent parking structure providing about 211 spaces (4.3 spaces per 1,000 SF).
