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Property profile

16861 Ventura Blvd Los Angeles, CA 91436

OFF-MARKET
Office Spaces
34,879 SF 0.4 ac lot Built 1984
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 1984
Total area 34,879 SF
Lot 0.4 ac (17,424 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

16861 Ventura Blvd Los Angeles, CA 91436
Los Angeles metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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