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    16861 Ventura Blvd Los Angeles, CA 91436

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    Class A Medical Office, Owner/User Opportunity

    Property size:
    34,879 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A, three-story medical office building in Encino, CA, offers 34,879 square feet of space, including 10,063 square feet of currently available ground floor space ideal for owner-occupancy. The property boasts 21 units ranging from 342 to 10,063 square feet, catering to a mix of general and medical tenants. Recently renovated, it features a new HVAC system, dual elevators, and updated common areas. The building includes 99 parking spaces in a two-level subterranean garage and sits on a 0.4-acre lot at a signalized intersection with excellent visibility and signage on Ventura and Balboa Boulevards. Located in Encino's prime business district, it benefits from high foot and vehicle traffic, proximity to major amenities including the Encino Commons, Campbellsville University, Equinox, and several medical centers. The property's zoning is LAC2-1VL & LAC4-1VL, and it was built in 1984. This presents a unique owner-user or investment opportunity in a thriving location with strong potential for growth and return. The building also includes two cell towers.

    Property Features for 16861 Ventura Blvd

    General Information

    Property type
    Medical offices
    Square Feet
    34,879 SF
    Class
    A
    Lot Size
    17,424 SF

    Building Details

    Year Built
    1984
    Stories
    3
    Units
    21

    HighLights

    • Class A, three‑story medical office building totaling 34,879 square feet in Encino, CA.
    • 10,063 square feet of ground floor space available, ideal for owner‑occupancy.
    • 21 units ranging from 342 to 10,063 square feet, suitable for various medical and general tenants.
    • Recently renovated with new HVAC, dual elevators, and updated common areas.
    • 99 parking spaces in a two‑level subterranean garage on a 0.4‑acre lot at a signalized intersection with excellent visibility on Ventura and Balboa Boulevards.
    • Located in Encino's prime business district, near major amenities and with high traffic.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office 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
    -118.5008219
    Latitude
    34.1595139

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    FAQs

    What type of property is this?
    Medical office - Class A Medical Office, Owner/User Opportunity
    Where is this medical office located?
    The property is located at 16861 Ventura Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: Class A, three-story medical office building totaling 34,879 square feet in Encino, CA.; 10,063 square feet of ground floor space available, ideal for owner-occupancy.; 21 units ranging from 342 to 10,063 square feet, suitable for various medical and general tenants.
    Request Owner's contact information
    16861 Ventura Blvd Los Angeles, CA 91436
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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
    16861 Ventura Blvd Los Angeles, CA 91436
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