16200 Ventura Blvd Los Angeles, CA 91436

Property Details for 16200 Ventura Blvd

Year built

1964

Lot size

0.76 lot acres

Property size

55,027 SF

Property type

Office Properties & Spaces

Description

This exceptional 55,027 square foot, four-story office building at 16200 Ventura Blvd in Los Angeles, CA, presents a compelling investment opportunity. Built in 1964 and extensively renovated between 2017 and 2018 ($3.5 million investment), the property boasts a strong historical occupancy averaging 87% since 2020, with a current occupancy rate of 86%. The building features 70 tenants, each occupying an average of approximately 600 square feet, ensuring a highly diversified rent roll with no single tenant exceeding 5% of the net rentable area (NRA) or single industry exceeding 10% of the total rent. The property includes 2.5 parking spaces per 1,000 square feet and benefits from a desirable Ventura Boulevard address in the premier San Fernando Valley office market. Recent renovations encompassed upgraded common areas and restrooms, a tenant lounge and kitchen, exterior signage, landscaping, a new roof, a replaced HVAC system, and a wayfinding program. The property also generates significant supplemental income from rooftop signage, currently yielding $21,000 annually. Located on a 0.76-acre lot (APN 2284-003-020) and zoned C4-IL, this stabilized investment offers a low-risk profile with significant upside potential in a supply-constrained market. The building's contemporary shared amenity spaces, private offices, and ample parking cater to the needs of smaller entrepreneurial tenants, a key demographic in the 3.6 million square foot Encino office market. The average tenant tenure exceeds five years, with 27 tenants having occupied the building for over eight years, demonstrating exceptional tenant loyalty and stability.