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    19500-19510 Ventura Blvd Los Angeles, CA 91356

    Sponsored
    For Sale
    $29,000,000

    Prime Medical Office, High ROI

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, 44,686 square foot medical office building in Tarzana, CA, presents a compelling investment opportunity. Located at 19500-19510 Ventura Blvd, 91356, this two-story building, situated on a 1.48-acre lot, boasts 139 parking spaces and underwent a $5 million renovation in 2021, featuring a redesigned façade, new windows, green walls, an atrium, updated restrooms, sprinklers, power, roof, and HVAC. The property benefits from a ground lease with a purchase option at a below-market rate, expiring March 30, 2065. Currently 68% occupied, it offers a 3.77% cap rate and a pro-forma cap rate of 8.09%. The building is zoned C2 and features a multi-tenant occupancy with a weighted average lease term of 12 years, providing stable cash flow. The recent renovations offer significant tax advantages. This property is ideally situated near the new Providence Cedars-Sinai Tarzana Medical Center, in a high-demand medical submarket. The asking price is $29,000,000. This is a rare opportunity to acquire a beautifully designed, modern medical office building with strong potential for appreciation and significant tax benefits. The building was originally constructed in 1982. The property's unique design, prime location, and strong financial performance make it an attractive investment for both medical groups and investors seeking a stable, high-return asset.

    Property Features for 19500-19510 Ventura Blvd

    General Information

    Property type
    Medical offices
    Class
    A
    Lot Size
    64,469 SF

    Building Details

    Year Built/Renovated
    1982/2021
    Buildings
    1
    Stories
    2

    HighLights

    • Successfully repositioned as a medical office building with City of Los Angeles approval (2021).
    • $5M capital renovation completed, including façade, windows, green walls, atrium, restrooms, sprinklers, power, roof, and HVAC.
    • Ground lease with favorable first right of purchase option below market value.
    • High‑demand Tarzana medical submarket, boosted by the new Providence Cedars‑Sinai Tarzana Medical Center.
    • Stable cash flow with NNN leases and a 12‑year weighted average lease term (WALT).
    • Significant tax depreciation benefits available via cost segregation, bonus depreciation, and Section 179 deductions.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.5580017
    Latitude
    34.1723767

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, High ROI
    Where is this medical office located?
    The property is located at 19500-19510 Ventura Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $29,000,000.
    What are key features of this property?
    This property features: Successfully repositioned as a medical office building with City of Los Angeles approval (2021).; $5M capital renovation completed, including façade, windows, green walls, atrium, restrooms, sprinklers, power, roof, and HVAC.; Ground lease with favorable first right of purchase option below market value.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    19500-19510 Ventura Blvd Los Angeles, CA 91356
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