19500-19510 Ventura Blvd Los Angeles, CA 91356
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Prime Medical Office, High ROI
Property Features for 19500-19510 Ventura Blvd
General Information
- Property type
- Medical Office Space
- Class
- A
- Lot Size
- 64,469 SF
Building Details
- Year Built/Renovated
- 1982/2021
- Buildings
- 1
- Stories
- 2
Listing Agent: Scott Romick
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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 Space - Prime Medical Office, High ROI
Where is this medical office space 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.
