22982 Ventura Blvd Los Angeles, CA 91364
- Lifestyle centers
- 14,474 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 22982 Ventura Blvd
- Year built
- 1985
- Property size
- 14,474 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Woodlake Plaza, a prime retail investment opportunity, is offered at $6,380,000 with a 6.26% cap rate. This stabilized, multi-tenant shopping center boasts 14,474 square feet of net rentable space across nine units, situated on a 25,401 square foot lot with 28 parking spaces. The property features two single-story buildings constructed in 1985 and enjoys 100% occupancy, generating a strong net operating income (NOI) of $399,524. Recent capital improvements exceeding hundreds of thousands of dollars include roof replacement, HVAC unit upgrades, fire alarm system enhancements, and parking lot improvements. Located at 22982 Ventura Boulevard in Los Angeles, CA 91364, this property benefits from high traffic counts, excellent visibility, and 215 feet of frontage along Ventura Boulevard, a major retail corridor. The property's strategic location in Woodland Hills, within the San Fernando Valley, provides easy access to the 101 Freeway and is surrounded by a desirable mix of residential properties, including single-family homes and multi-family apartments. The area offers a wealth of local amenities, including dining, entertainment, shopping, schools, parks, and recreational facilities. The property's location on Ventura Boulevard, an 18-mile commercial stretch, ensures strong exposure and access to a large customer base. This is an exceptional opportunity to acquire a well-maintained, high-performing retail center in a thriving Los Angeles community. The property's lease type is NNN. The APN is 2042006103.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.627
- Latitude
- 34.1649
