Property Detail

Description

EXTREMELY RARE VENTURA BLVD MIXED-USE OWNER-USER / INVESTMENT OPPORTUNITY! First time offered for sale in approximately 55 years! Held by the same ownership since 1971, this unique Tarzana property presents an exceptional opportunity with approximately 50 feet of direct frontage along Ventura Boulevard, providing outstanding visibility and exposure along one of the San Fernando Valley's most established commercial corridors. The 4,944 SF mixed-use building features 3 ground-floor commercial storefronts totaling approximately 3,444 SF, plus an approximately 1,500 SF upstairs residential unit. The individual spaces are approximately 1,110 SF / 1,167 SF / 1,167 SF and 1,500 SF. One commercial unit features a very large walk-in vault, and two commercial suites are connected by an interior doorway, offering flexibility for separate or combined use. The property offers tremendous flexibility for an owner-user, investor or value-add buyer. Occupy all or a portion of the commercial space while potentially generating income from the remaining storefronts and residential unit, or lease the individual spaces as a multi-tenant investment. LAC2 zoning may accommodate a variety of retail, professional office, service, medical/dental and other commercial uses, subject to City approval and applicable requirements. The property has benefited from extensive recent improvements, including new paint, flooring, significant electrical and plumbing upgrades, new 2-inch copper water main from the City connection, new gas line to the upstairs unit, new upstairs and downstairs electrical subpanels reported as permitted and inspected, roof coating improvements, HVAC work, emergency lighting and exit signs, LED lighting, plumbing/bathroom improvements, some new glass in storefront doors, drywall repairs and extensive interior/exterior improvements. Additional highlights include a newly asphalted and striped GATED rear parking area with 7 spaces, new fencing, security fencing and an extensive camera system with front, rear and interior surveillance. The upstairs residential unit has also undergone numerous improvements including newer flooring, water heater, plumbing, fixtures, lighting, doors/locks, patio/staircase coating, railing and additional HVAC work. A truly unique Ventura Boulevard mixed-use opportunity combining a prime Tarzana location, exceptional boulevard frontage and visibility, flexible usage, extensive recent improvements and multiple potential income streams.