14423 Ventura Blvd Los Angeles, CA 91423
Sherman Oaks Plaza, a two-story, 49,598 square foot retail center, presents a unique investment opportunity. Located on Ventura Boulevard at the high-traffic intersection of Van Nuys Boulevard, this property boasts exceptional visibility and accessibility. The 0.7-acre lot features 92 parking spaces, a rare advantage in this location. Built in 1980, the center benefits from its strategic position near the 101 Freeway and Westfield Fashion Square, placing it within a thriving retail and dining hub. The property enjoys strong co-tenancy with established businesses such as Gelson's, Whole Foods, Best Buy, Ulta, and In-N-Out Burger. The surrounding area demonstrates robust demographics, with an average household income exceeding $122,000 and a population of over 172,000 within a three-mile radius. The site's zoning is C4-1L, and the Los Angeles County APN is 2265-014-013. Van Nuys Boulevard, a major artery to the 101 Freeway (carrying over 300,000 vehicles daily), provides excellent freeway access. The property also offers a rare opportunity for surface parking and pylon signage, enhancing visibility and attracting customers. This multi-tenant property is ideal for investors seeking a high-traffic, well-located retail investment in a thriving market. The property is zoned for retail and restaurant uses.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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