PRICE: $5,500,000

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Retail Center | Potential Medical Conversion

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The Hirth Group’s exclusive team consisting of Ethan Donel, Alex Reyhan, and Daniel Hirth have been selected to facilitate the sale of 18934 Ventura Boulevard, Tarzana, CA 91356. Built in 1963, the property consists of three (3) retail storefronts spanning across ±9,480 SF of building on a ±28,266 SF corner lot zoned LAC2/LARA. Distinguishing itself from other properties along Ventura Boulevard, this site offers an ample forty-nine (49) parking spaces, making it particularly suitable for various uses, including medical. Currently, the property is occupied by Marco’s Pizza with a lease term till December of 2027, with two (2) five (5) year options. U-Frame has a lease concluding at the end of 2025, with the third storefront being delivered vacant for immediate occupancy.

 

This opportunity presents the ideal situation for an owner-user interested in leveraging SBA financing with a 25% down payment, while acquiring prime real estate in a highly desirable area of Tarzana. Moreover, an owner-user stands to benefit from the existing rental income generated by the current tenants, with the potential to increase or reposition rents in December ‘25. Alternatively, they may opt to expand their own operations within the building.

 

18934 Ventura Boulevard is conveniently situated within walking distance of various retailers such as McDonald’s, Starbucks, Coffee Bean, Whole Foods, and LA Fitness, among others. Positioned strategically in the Tarzana sub-market, it enjoys an ideal location near the Providence Cedars-Sinai Tarzana Medical Center. Tarzana boasts a thriving single-family home market, with properties south of Ventura Boulevard commanding some of the highest prices in Los Angeles County, ranging from $2 million to $50 million. This area is home to numerous celebrities, executives, athletes, and entertainers, adding to its allure.

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Note: Buyer to verify building square footage as 9,480 SF is based on seller’s measurements and leases. Per title, building square footage is 8,960. Buyer to perform own due diligence and verify all information.