12250 Ventura Blvd Los Angeles, CA 91604
- Retail properties
- 4,218 SF
- 0.12 lot acres
Current Use by Public Records
- Retail properties
Property Details for 12250 Ventura Blvd
- Year built
- 1940
- Lot size
- 0.12 lot acres
- Property size
- 4,218 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 4,218 square foot storefront on Ventura Boulevard in Studio City, California. The property boasts a long-term, single-tenant net lease with Cedars Sinai Medical Center, a tenant with an AA- rating and $7.3B in 2023 revenue. The lease, commencing August 22, 2022, has a remaining term of 8.2 years, with two 5-year renewal options and a 3% annual rent increase. The property features a strong net operating income (NOI) of $319,594, resulting in a 4.50% cap rate. Built in 1940 and renovated in 2023, the building sits on a 0.12-acre lot and benefits from a 100% occupancy rate. The prime location on Ventura Boulevard offers high visibility, with 43,000 vehicles passing daily, and is surrounded by other high-end retailers. The affluent area boasts an average household income exceeding $215,523, supporting strong discretionary spending. The tenant, Cedars Sinai, invested $2 million in the buildout, demonstrating their commitment to the location. Convenient parking and proximity to major freeways (I-405, Ventura, and Hollywood Freeways) further enhance the property's appeal. The property is zoned for commercial use and has an APN of 2369-004-025. This is a rare opportunity to acquire a high-performing, investment-grade retail property in a prime Los Angeles location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.4
- Latitude
- 34.1431
