FOR SALE: RARE VENTURA BOULEVARD DEVELOPMENT OPPORTUNITY 17448 VENTURA BOULEVARD, Jeff Galvan Senior Managing Director Phone 310.272.7395 email jeff@cag-re.com Chad Sidkoff Managing Director Phone 310.272.7392 email csidkoff@cag-re.com
Commercial Asset Group has been retained on an exclusive basis to arrange the sale of 17448 Ventura Boulevard. This property is prime Ventura Boulevard land and boasts 112 feet of frontage on Ventura Boulevard in Encino. Also offered continguously for sale is the property next door lending to the potential for a larger development. With its close proximity to newly constructed, existing and future multifamily, parking and retail developments, the property provides an investor with a true landmark opportunity to purchase a great redevelopment site with rental income in the heart of Encino on Ventura Boulevard.
HIGHLIGHTS 17448 VENTURA BLVD, Prime Ventura Boulevard Location with 112 Feet of Frontage on Ventura Boulevard in the Heart of Encino. Property is Owner Occupied as a Hospitality Hotel and will be Delivered Vacant. Next Door, 17438 Ventura Boulevard, is also for Sale with Potential for Additional 29,934 Sq. Ft. of Land. Opportunity to Capture Land in One of the Strongest Submarkets of Los Angeles and one of the Most Desirable Valley Locations. Directly Across the Street from New Retail & Restaurants with Bed, Bath and Beyond, L.A. Fitness, and More. Irreplaceable Ventura Boulevard Location sees 40,000 Plus Cars Per Day on South Side of Ventura. Highly Affluent Population Where Average Household Income Exceeds $134,000 in a 1 Mile Radius. The Identity of Encino and its Surrounding Communities Provides the Ability for Leverage and Development. Part of the Ventura/Cahuenga Boulevard Corridor Specific Plan for New Development. R4 Zoning Provides for the Development of up to 64 Residential Units. Buyer to Verify with the City of Los Angeles. When this Property is Combined with 17438 Ventura Boulevard, the Total Land is 55,726 Sq. Ft. These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.
VENTURA CAHUENGA SPECIFIC PLAN OVERVIEW 17448 VENTURA BLVD, LOCATION 17448 Ventura Blvd, Encino, CA 91436 BUILDING AREA 9,286 LOT SIZE 25,792 LAND SIZE.58 ZONING Retail: LA-C4 FRONTAGE 112 Feet on Ventura Blvd YEAR BUILT 1949 ANNUAL TAXES (2015) $8,280.77 APN Parcel 2290-004-024 fronts Ventura Blvd, and is zoned LA C-4, permitting commercial or mixed use development or mixed-use development with R4 standards (1 unit for every 400 SF of lot area), with 1.50 maximum FAR, and 30 foot height limit.
17438 VENTURA BOULEVARD - AERIAL & PLAT MAP ALSO AVAILABLE FOR SALE 29,934 SQ. FT. LOT ALSO AVAILABLE FOR SALE 29,934 SQ. FT. LOT 112 FEET VENTURA BOULEVARD FRONTAGE NOTE: 17438 Ventura Boulevard also for sale. When combined, total lot size is 55,726 square feet.
17448 VENTURA BOULEVARD - ADDITIONAL PHOTOGRAPHY Front Entry Corridor from Ventura Blvd Building Monument Sign Up Close View from Front of Property on Ventura Front Courtyard Entrance on Ventura Blvd Inside of the Property Parking Area View From Bed Bath & Beyond
17438 VENTURA BOULEVARD - RETAIL & NEW HOUSING SITE
17438 VENTURA BOULEVARD - RETAIL & NEW HOUSING
17438 VENTURA BOULEVARD - NOTABLE PROJECTS 1 2 Encino Courtyard: 17401 Ventura Blvd Encino Courtyard is a multi level shopping center anchored by LA Fitness and Bed Bath & Beyond. The center features an assortment of high end restaurants and shops. Other notable tenants include Western Bagel, Weight Watchers and 1-800 Flowers. Encino Town Center: 17200 Ventura Blvd Encino Town Center is located at the central retail hub of Encino, also known as the Encino Commons. The shopping center is a collection of eateries and shops, as well as a movie theater with a diverse mix of shopping, dining, and entertainment options. Notable tenants include; Pier 1 Imports, Michaels, Laemmle s Town Center 5, Wells Fargo Bank, Philly s Best, Yogurtland, Pieology, Sports Clips, Daphne s and The Habit Burger Grill. 3 4 Plaza De Oro: 17130 Ventura Blvd Plaza De Oro is located at the heart of Encino and is amongst the diverse mix of shops, restaurants and entertainment options within the Encino Commons collection. Notable tenants include Verizon Wireless, Menchies Frozen Yogurt, Core Power Yoga, and H&R Block. Legado Encino: 16710 Ventura Blvd Legado Encino is a mixed use project consisting of 125 luxury residential units and approximately 15,000 SF of street retail.
17438 VENTURA BOULEVARD - NOTABLE PROJECTS 5 6 Avalon Encino: 16350 Ventura Blvd Avalon Encino is a mixed use project consisting of luxury apartments and a strong mix of street retail and restaurants. Tenants include; Rosti Tuscan Kitchen, The Massage Place, The UPS Store, Jersey Mikes Subs, Color Me Mine and Chipotle Mexican Grill. Untitled Mixed Use Project: 16300 Ventura Blvd New mixed use development project replacing the Encino Center Car Wash, adjacent to Avalon Encino. The project will consist of approximately 49 luxury apartment units above 8,500 square feet of street retail. 7 8 Encino Marketplace: 16325 Ventura Blvd Encino Marketplace is Caruso affiliated s first major project. National credit tenants including CVS, Ralphs, FedEx Office, Starbucks, Jamba Juice, Chase Bank, TD Ameritrade and Planet Beauty. The property also includes Trattoria Farfalla, an upscale Italian restaurant. Encino Place: 16101 Ventura Blvd Encino Place is a multi level shopping center that features a dynamic mix of tenants including a variety of restaurants, fitness, daily needs, fashion boutiques and medical related businesses. Notable tenants include; Coffee Bean, California Pizza Kitchen, Massage Envy, Gymboree, Larsens Steakhouse and Salad Bar.
17438 VENTURA BOULEVARD - NOTABLE PROJECTS 9 Serrano Encino: 16100 Ventura Blvd Serrano Encino is a mixed use project featuring luxury apartments and a street level Walgreens. Other tenants amongst the project include Scottrade and Du-par s restaurant.
For more information, please call. Jeff Galvan Senior Managing Director Phone: 310.272.7395 Cell Phone: 562.572.7785 Lic: 01291531 Chad Sidkoff Managing Director Phone: 310.272.7392 Lic: 01875412 Commercial Asset Group 1801 Century Park East, Suite 1420 Los Angeles, CA 90067 Phone 310.275.8222 www.cag-re.com Lic: 01876070 These materials are based on information and content provided by others, which we believe are accurate. No guarantee, warranty or representation is made by Commercial Asset Group, Inc. or its personnel. All interested parties must independently verify accuracy and completeness. As well, any projections, assumptions, opinion, or estimates are used for example only and do not represent the current or future performance of the identified property. Your tax, financial, legal and toxic substance advisors should conduct a careful investigation of the property and its suitability for your needs, including land use limitations. The property is subject to prior lease, sale, change in price, or withdrawal from the market without notice.