Mixed-Use Building With
New
For Sale
$2,950,000
19621 Ventura Boulevard, Tarzana, CA 91356
LAC2-zoned property with commercial storefronts and an upstairs residential unit.
Property Size4,944 SF
Price / SF$596.68
Days on Market4
Property Features for 19621 Ventura Boulevard
General Information
Standard status
Active
Size
4,944 SF
Total Parking Spaces
7
Property subtype
Commercial/Industrial
Zoning
LAC2
Site & Location
Frontage
50 ft
Road Access
Yes
Utilities to Site
Yes
Amenities
gated parking
security fencing
camera system
Building Details
Year Built
1963
Buildings
1
Stories
2
Building Size
4,944 SF
Tenancy
Multi
Listing Agency:
Pinnacle Estate Properties
(818) 422-3283
Listed By:
David Proctor · License #01182757
(818) 422-3283
Source:
Exitrealty
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 28 at 11:22AM
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 Pinnacle Estate Properties
Investment Insights
Based on property information with market context.
Located at 19621 Ventura Boulevard in Tarzana, this 4,944 SF mixed-use building was constructed in 1963 and combines three ground-floor commercial storefronts with an approximately 1,500 SF residential unit above. The commercial spaces total approximately 3,444 SF, with individual areas of approximately 1,110 SF, 1,167 SF, and 1,167 SF. Two suites connect through an interior doorway, while another includes a large walk-in vault.
The property has approximately 50 feet of direct Ventura Boulevard frontage. A gated rear parking area provides 7 spaces and includes new asphalt and striping, fencing, security fencing, and front, rear, and interior camera coverage. Recent work includes electrical and plumbing upgrades, a new 2-inch copper water main, a new gas line to the upstairs unit, roof coating improvements, HVAC work, LED lighting, emergency lighting, exit signs, bathroom improvements, and various interior and exterior repairs. The LAC2 zoning may accommodate retail, professional office, service, medical/dental, and other commercial uses subject to City approval and applicable requirements.
The property has approximately 50 feet of direct Ventura Boulevard frontage. A gated rear parking area provides 7 spaces and includes new asphalt and striping, fencing, security fencing, and front, rear, and interior camera coverage. Recent work includes electrical and plumbing upgrades, a new 2-inch copper water main, a new gas line to the upstairs unit, roof coating improvements, HVAC work, LED lighting, emergency lighting, exit signs, bathroom improvements, and various interior and exterior repairs. The LAC2 zoning may accommodate retail, professional office, service, medical/dental, and other commercial uses subject to City approval and applicable requirements.
Key Highlights
- 4,944 SF mixed‑use building with 3 ground‑floor commercial storefronts and an approximately 1,500 SF upstairs residential unit
- Commercial spaces total approximately 3,444 SF, with individual areas of approximately 1,110 SF, 1,167 SF, and 1,167 SF
- Approximately 50 feet of direct frontage along Ventura Boulevard in Tarzana
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
$117,352
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
3.98%
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%
$2,347,040
$2.3M
Cap Rate 7%
$1,676,457
$1.7M
Cap Rate 9%
$1,303,911
$1.3M
Market Conditions
NOI Build-Up for 4,944 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
$192.2K $38.88/SF
− Vacancy
−$35.8K −$7.23/SF
EGI
$156.5K $31.65/SF
− OpEx
−$39.1K −$7.91/SF
NOI
$117.4K $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%
$2,347,040
Cap Rate 7%
$1,676,457
Cap Rate 9%
$1,303,911
Alternative Uses
Best Use
Office B
$1.68M
$1.47M – $1.96M
NOI $117,352 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,736 @ 7.0% cap · market cap 3.89%
Theoretical Best
Multifamily LT 5
$100.16M
$87.64M – $116.86M
NOI $7,011,373 @ 7.0% cap · market cap 237.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,846
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?
Mixed-use property - LAC2-zoned property with commercial storefronts and an upstairs residential unit.
Where is this mixed-use property located?
The property is located at 19621 Ventura Boulevard Tarzana, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 4,944 SF mixed‑use building with 3 ground‑floor commercial storefronts and an approximately 1,500 SF upstairs residential unit; Commercial spaces total approximately 3,444 SF, with individual areas of approximately 1,110 SF, 1,167 SF, and 1,167 SF; Approximately 50 feet of direct frontage along Ventura Boulevard in Tarzana
