15143 Ventura Blvd, Los Angeles, CA 91403

Property Description

We are pleased to present the exclusive opportunity to acquire 15143-15153 Ventura Blvd, a street front retail strip on premier Ventura Boulevard frontage in the heart of Sherman Oaks with five of six units leased. The asset consists of two adjacent parcels totaling 13,068 square feet of land under flexible LAC2 zoning, improved with two structures originally built in 1952 and 1953 comprising 7,500 square feet of gross leasable area across six units with 27 car parking. The property currently generates $24,052 in gross monthly income ($32,132 with 15153 leased at market) from an established roster of service and specialty retail tenants including Sahaja Culture, Expert Insurance, Linda Lues Massage, Inaya and Shalom Gift Shop. Unit 15153, a former barber shop of 1,165 Sq.Ft., is available for lease at $5,500 per month Gross. The vacancy lets an incoming owner select the final tenant and set the lease terms, or lease the space ahead of closing. This is an irreplaceable location. The property fronts Ventura Boulevard, the primary east west thoroughfare of the San Fernando Valley, carrying more than 34,000 vehicles daily with a Walk Score of 87. It sits directly across from BLVD Steak, Pizzana, and Sweet Butter Cafe, and minutes from Erewhon, Whole Foods, Gelson's, and Ralphs. The Sherman Oaks Galleria, Westfield Fashion Square, and Restaurant Row anchor the surrounding trade area, and the 101 Freeway is less than one mile away with the 405 interchange approximately two miles west. Frontage of this quality on this stretch of the boulevard is finite and rarely comes to market. The value add is direct and sits entirely within an incoming owner's control. The majority of the tenant base operates under NNN lease structures, yet the owner is not currently charging for CAM, leaving common area and expense recoveries billed at a fraction of market. Bringing those recoveries to the levels supported by comparable Ventura Boulevard properties adds income with no capital investment required. Two units operate on open month to month tenancies that can be reset to current market rent on turnover, and the balance of the roster carries contractual annual increases already built into the leases. This asset is tailored for private syndicators, 1031 exchange buyers, and institutional operators seeking a high barrier to entry retail position in a premier Southern California submarket. An incoming owner captures stabilized cash flow on day one, executes a defined value add plan through expense recovery and rent resets, and patiently holds two contiguous LAC2 parcels positioned in the path of affluent West Valley consumer demand.