16861 Ventura Blvd Los Angeles, CA 91436
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.