11352 VENTURA Boulevard

Marcus & Millichap has been exclusively hired to market 11352 Ventura Blvd in Studio City, a rare single tenant office/retail building totaling approximately 920square feet, located in one of the trendiest parts of the San Fernando Valley. The surrounding area is comprised of a synergetic mix of restaurants, shopping… and entertainment options, as well as a young affluent demographic base. The property sits on the south side of the Blvd between the intersections of Tujunga Ave/Ventura Blvd and Vineland Ave/Ventura Blvd, a stretch of the Blvd which sees over 40,000 vehicles per day. The opportunity is being offered with an additional 2,500 square foot parcel, which brings the entire C2-1VL-RIO zoned total lot size to 3,799 square feet (0.09 Acres). This additional parcel allows for up to six(6) off-street parking spaces (tandem) providing for a parking ratio of 6.52 / 1,000 SF. The combination of the underlying zoning and high parking ratio permits any investor or owner/user the ability to convert the building to a wide array of commercial uses including professional office, medical office, and retail. The building will be delivered vacant at the close of escrow, making this a perfect opportunity for any business owner looking for commercial space the ability to lock in historically low interest rates and put as little as a 10% down payment with SBA financing.11352 Ventura Blvd is perfectly positioned along one of the strongest stretches of Ventura Blvd, allowing a business owner to capitalize on the upscale surrounding demographics and rapidly growing population rate, both of which point to a strong customer base for many years to come. There are over 23,500 people living within a 1-mile radius of the asset, with an average household income of over $154,000. The building sits 1.1 Miles from the 101/170 Freeway Junction and 0.8 Miles from the heart of Studio City. The property is surrounded by numerous new developments as well as countless Class A amenities, the CBS Studio Center, and is 1.4 Miles from Universal Studios. Read More