Retail Shopping Center on
22982 Ventura Blvd Los Angeles, CA 91364
For Sale
Contact for pricing
Pending
Shopping center with 215 feet of frontage on Ventura Boulevard, recently upgraded roof, HVAC units, fire alarm, and parking.
Property Size14,474 SF
Lot Size0.58 Acres
Days on Market779
Property Features for 22982 Ventura Blvd
General Information
- Standard status
- Pending
- Size
- 14,474 SF
- Lot size
- 0.58 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1985
Listing Agency:
RE/MAX Optima
Listed By:
Andrew Awaida · License #01018186
Source:
Crexi
Added: Jun 6, 2024
Changed: Jul 23
Last Checked: Jul 23 at 1:23PM
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 RE/MAX Optima
Investment Insights
Based on property information with market context.
Woodlake Plaza is a retail shopping center set on 25,401 SF of land with 215 feet of frontage along Ventura Boulevard. The property has undergone recent upgrades, including the roof, HVAC units, a fire alarm system, and parking.
The center is positioned along a major retail corridor on a sought-after stretch of Ventura Blvd and is noted as having strong visibility and frontage. It offers access to the 101 Freeway and is surrounded by single-family homes and multi-family apartments.
This offering is presented as a for-sale opportunity with the seller reporting that the buyer was previously unable to obtain financing.
The center is positioned along a major retail corridor on a sought-after stretch of Ventura Blvd and is noted as having strong visibility and frontage. It offers access to the 101 Freeway and is surrounded by single-family homes and multi-family apartments.
This offering is presented as a for-sale opportunity with the seller reporting that the buyer was previously unable to obtain financing.
Key Highlights
- Shopping center on 25,401 SF of land with 215 feet of frontage along Ventura Boulevard
- Recently upgraded roof, HVAC units, fire alarm, and parking
- Built in 1985
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $535.0k | $36.96 |
| − Vacancy | −$55.1k | −$3.81 |
| EGI | $479.9k | $33.15 |
| − OpEx | −$144.0k | −$9.95 |
| NOI | $335.9k | $23.21 |
14,474 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.80M
$4.20M – $5.60M
NOI $335,901 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$293.23M
$256.58M – $342.11M
NOI $20,526,418 @ 7.0% cap · market cap 321.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Shopping centers
Similar Off Market Nearby
- La Plaza — 22311 Ventura Blvd, Woodland Hills, CA 91364
- El Camino Shopping Center — 23335 Mulholland Dr, Woodland Hills, CA 91364
FAQs
What type of property is this?
Shopping center - Shopping center with 215 feet of frontage on Ventura Boulevard, recently upgraded roof, HVAC units, fire alarm, and parking.
Where is this shopping center located?
The property is located at 22982 Ventura Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,380,000.
What are key features of this property?
This property features: Shopping center on 25,401 SF of land with 215 feet of frontage along Ventura Boulevard; Recently upgraded roof, HVAC units, fire alarm, and parking; Built in 1985
