FOR SALE
15143-15153 VENTURA BLVD.
SHERMAN OAKS, CA 91403
Sale Price:
$4,900,000
Lot Size:
±13,068 SF (Two Parcels)
Building Size:
+7,500 SF
Zoning:
LAC2
ABOUT THE PROPERTY
Maher Commercial Realty is 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 $28,252 in gross monthly income ($29,091 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 Giftshop.
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.
KEY POINTS
Asking Price: $4,900,000.
Price Per SqFt: $653.33.
Pro Forma Cap Rate: 6.21%
Current Cap Rate: 4.58%
Gross Square Footage: 7,500 SF.
Lot Size: 13,068 SF (0.30 Acres total across two parcels).
Price Per Land Sq.Ft: $374.96.
Zoning: LAC2 (Commercial).
Parking: 27 spaces
Occupancy: Five of six units leased
Pro Forma Gross Monthly Income: $31,671, or $380,052 annually.
Value Add Potential: Pro forma gross income of $31,671 per month, before common area and expense recoveries are brought to market under the existing NNN structures (as the owner is not currently charging for CAM).
PROPERTY HIGHLIGHTS
Irreplaceable Core Ventura Boulevard Location: Strategically positioned along Sherman Oaks' most heavily trafficked commercial thoroughfare, providing exceptional street visibility, prominent signage opportunities, and consistent organic consumer exposure.
Seamless Regional Access: Located blocks from the critical intersection of the Interstate 405 (San Diego Freeway) and US Route 101 (Ventura Freeway) interchange, allowing effortless regional transit for both clients and employees throughout Greater Los Angeles.
Defined Path to a 6.21% Return: The property trades today at a 4.58% cap rate on current income. Billing the expense recoveries the leases already permit and resetting the two month to month tenancies to market brings the return to 6.21%, with no capital investment required.
Protective Net Lease Structures (NNN): The majority of the standard commercial tenant base operates under Net lease agreements (NNN), effectively shifting property expenses and rising utility or operational overhead directly to the tenants and insulating the landlord's bottom line.
Substantial Two-Parcel Covered Land Play: Comprising two individual legal parcels with 13,068 square feet of prime commercial ground under favorable LAC2 guidelines, allowing an investor to generate strong high-margin cash flow today while maintaining a premier mixed-use redevelopment footprint for tomorrow.
Internet and Recession-Resilient Tenant Roster: The property is anchored by service-oriented and experience-based businesses—including medical massage, insurance brokerage, specialty retail, and a professional barber shop—which are structurally shielded against e-commerce competition.
Affluent South Valley Demographics: Situated in a supply-constrained Sherman Oaks submarket characterized by high average household incomes, dense consumer residential populations, and historically low vacancy rates for well-located commercial retail space.
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