Multi-Unit Retail
For Sale
Contact for pricing
19445 Ventura Boulevard, Los Angeles, CA 91356
Vacant C2-zoned property with a flexible retail and office layout for owner occupancy or partial leasing.
Property Size3,387 SF
Price / SF$605.26
Days on Market8
Property Features for 19445 Ventura Boulevard
General Information
Standard status
Active
Size
3,387 SF
Total Parking Spaces
8
Property subtype
Retail, Office
Zoning
C2
Investment Type
Owner/User
Building Details
Year Built
1980
Year Renovated
2024
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Gribin Properties
Listed By:
Greg Greene · License #01396840
Source:
Crexi
Added: Aug 3
Changed: Aug 10
Last Checked: Aug 10 at 7:49AM
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 Gribin Properties
Investment Insights
Based on property information with market context.
The 3,387 SF retail property was built in 1980 and is currently vacant. Its layout supports three or four separate retail or office units, allowing an owner to occupy the full building or use a portion while leasing the balance.
Located at 19445 Ventura Boulevard in Los Angeles, the property is adjacent to a drive-through Starbucks. The C2 zoning and multi-unit configuration provide a commercial format suited to varied retail and office occupancy needs.
Located at 19445 Ventura Boulevard in Los Angeles, the property is adjacent to a drive-through Starbucks. The C2 zoning and multi-unit configuration provide a commercial format suited to varied retail and office occupancy needs.
Key Highlights
- 3,387 SF retail property built in 1980
- Configured for three or four retail or office units
- Currently vacant for owner occupancy or leasing
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
$80,395
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
3.92%
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%
$1,607,900
$1.6M
Cap Rate 7%
$1,148,500
$1.1M
Cap Rate 9%
$893,278
$893.3K
Market Conditions
NOI Build-Up for 3,387 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
$131.7K $38.88/SF
− Vacancy
−$24.5K −$7.23/SF
EGI
$107.2K $31.65/SF
− OpEx
−$26.8K −$7.91/SF
NOI
$80.4K $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 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%
$1,607,900
Cap Rate 7%
$1,148,500
Cap Rate 9%
$893,278
Alternative Uses
Best Use
Office B
$1.15M
$1.00M – $1.34M
NOI $80,395 @ 7.0% cap · market cap 3.92%
Second Best
Retail
$1.12M
$982.5K – $1.31M
NOI $78,603 @ 7.0% cap · market cap 3.83%
Theoretical Best
Multifamily LT 5
$68.62M
$60.04M – $80.06M
NOI $4,803,301 @ 7.0% cap · market cap 234.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,779
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Vacant C2-zoned property with a flexible retail and office layout for owner occupancy or partial leasing.
Where is this retail space located?
The property is located at 19445 Ventura Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 3,387 SF retail property built in 1980; Configured for three or four retail or office units; Currently vacant for owner occupancy or leasing
