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    17007 Ventura Blvd Los Angeles, CA 91316

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    17007 Ventura Blvd Los Angeles, CA 91316

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    • Retail properties & Spaces
    • 7,369 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 17007 Ventura Blvd

    Year built
    1948
    Property size
    7,369 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional Encino storefront, located at 17007-17015 Ventura Blvd, offers 7,369 square feet of retail space on a substantial 11,200 square foot lot. Built in 1948 and renovated in 2014, this two-story building boasts a prime location in a thriving commercial area, surrounded by popular retailers such as Gelson's, Amazon Fresh, Michaels, and CVS. The property's C4-1VL zoning in Los Angeles County (APN 2258-013-002) allows for a variety of uses, making it ideal for investment, owner-user occupancy, or redevelopment. With excellent visibility and ample parking, this property presents a unique opportunity to capitalize on the area's substantial growth. The asking price is $4,990,000, translating to $677.16 per square foot. The property can be delivered mostly vacant, providing immediate occupancy potential. This is a rare chance to acquire a well-positioned retail asset in a high-demand Los Angeles market. Don't miss this chance to secure a property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.504
    Latitude
    34.1601

    Comparable in this City

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      30,356 SF

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    • Value Estimation
      $5,215,000
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      17815 Ventura Blvd

      RETAIL STORES (PERSONAL SERVICES) • 31,192 SF
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    • Value Estimation
      $1,000,000
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      17060 Ventura Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,835 SF
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    • Value Estimation
      $950,000
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      5120 Zelzah Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,724 SF
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    • Value Estimation
      $850,000
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      18038 Ventura Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,592 SF
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    • Value Estimation
      $1,390,000
      2,400 SF

      18034 Ventura Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      18034 Ventura Blvd, Encino, CA 91316-3516
      View Details

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    Similar Nearby for Lease

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      Ventura Boulevard Retail Space Available

      Retail spaces available on Ventura Blvd in Encino, California.
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      Encino Retail Space Available

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      17157 Ventura Blvd

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      Encino Medical and Office Space

      Medical and office spaces available for lease in Encino.
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      Retail Space in Encino Commons

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      Retail Space in Encino

      Retail space available for rent in Encino, California.
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    Los Angeles, CA 91316
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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