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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19000 Ventura Blvd Tarzana, CA 91356-3214

    • Community centers
    • 13,672 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Feb 28, 2022
    $8,850,088
    Value Estimations
    $7,685,000
    Show details
    Cap Rate Potential
    4.7%
    Community centers
    Location Intelligence
    Property ID
    US09-8329918
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Valley Jewelry Mart / Jeweler
    • Jewelry By Aliza / Jeweler
    • Selected Merchandise Co / Jeweler
    • Girard Garage Door Repair / Garage Door Supplier

    Property Details for 19000 Ventura Blvd

    Year built
    1978
    Construction
    TILT-UP CONCRETE
    Lot size
    0.69 lot acres
    Property size
    13,672 SF
    Zone code
    LAC2
    Property type
    Community centers
    APN
    2163-021-021
    APU
    2163021021

    Description

    This prime Tarzana retail space, located at 19000 Ventura Blvd, Los Angeles, CA 91356, offers 1,000 square feet within the 13,525 square foot Rexford Plaza. The property is a single-story, Class B building with 12 suites and ample parking (39 spaces). The building underwent extensive renovations in 2023, including a new roof, HVAC units, updated facade, and pylon signage. The space is part of a thriving shopping center featuring a diverse mix of restaurants, local retailers, and health/beauty service providers. The minimum divisible space is 1,000 square feet, with a maximum contiguous space also at 1,000 square feet. The property is zoned C2 and situated in the Tarzana submarket, conveniently located near Encino and Woodland Hills. Cross street access is available via Donna Avenue. Elevators are not available. This is an excellent opportunity for a business seeking a well-maintained space in a high-traffic area. The property boasts a strong tenant mix and benefits from recent upgrades, ensuring a modern and attractive retail environment. Currently, 1,000 square feet of space is available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,795,000
      ML approach
      $7,240,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,170,000
      6.5%
      $5,695,000
      7%
      $5,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,952,000
      Market price range: $2.47M - $9.95M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,790,000
      Current use
      RESTAURANT
      $11,245,000
      Change: +94% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,430,000
      Change: +28% Conversion: Difficult
      OFFICE BUILDING
      $6,860,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $6,230,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $5,615,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tarzana
    County
    Los Angeles
    State
    California
    Longitude
    -118.548
    Latitude
    34.1722
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $113,359
    $6,970,680
    $2,236,860
    $9,207,540
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $15,055,000
      96,654 SF

      18361 Ventura Blvd

      MINI-MALL • 96,654 SF
      18361 Ventura Blvd, Tarzana, CA 91356
      View Details
    • Value Estimation
      $3,005,000
      9,741 SF

      18958 Ventura Blvd

      MINI-MALL • 9,741 SF
      18958 Ventura Blvd, Tarzana, CA 91356-3224
      View Details
    • Value Estimation
      $8,860,000
      56,353 SF

      5500 Reseda Blvd

      MINI-MALL • 56,353 SF
      5500 Reseda Blvd, Tarzana, CA 91356-2608
      View Details
    • Value Estimation
      $16,165,000
      65,019 SF

      19522 Ventura Blvd

      MINI-MALL • 65,019 SF
      19522 Ventura Blvd, Tarzana, CA 91356-2917
      View Details
    • Value Estimation
      $3,010,000
      16,336 SF

      6025 Reseda Blvd

      MINI-MALL • 16,336 SF
      6025 Reseda Blvd, Tarzana, CA 91356-1506
      View Details
    • Value Estimation
      $10,420,000
      30,255 SF

      6000 Reseda Blvd

      MINI-MALL • 30,255 SF
      6000 Reseda Blvd, Tarzana, CA 91356-1500
      View Details

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    Similar Nearby for Lease

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      Retail spaces available in high-traffic Ventura Boulevard location.
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      Prime Los Angeles retail space, high traffic area.
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    • $45 SF/Yr
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      Reseda Blvd Retail Center Opportunity

      Prime Los Angeles Retail Space Available
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    • $46 SF/Yr
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      Prime Tarzana Medical Office Space

      Class A medical office suites, flexible layouts.
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    • Contact for pricing
      11,058 SF

      Ventura Blvd Medical Office Space

      Prime Tarzana medical suites available.
      19100 Ventura Blvd, Los Angeles, CA 91356
      View Details
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    Tarzana, CA 91356-3214
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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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