18424 &18428 ventura blvd
5324 Otis ave
PRICE
BUILDING SIZE
LOT SIZE
TARZANA, CA 91356
$4,250,000
5,537 SF
29,960 SF
PARKING
PARKING RATIO
ZONING
~63 Spaces
11.38:1,000 SF
C2-1VL, R1-1
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 18424 & 18428 Ventura Boulevard and 5324 Otis Avenue, a 5,537-square-foot value-add multi-tenant storefront retail property situated on 29,935 square feet of land with approximately sixty three (63) parking spaces.
The offering consists of a combined 9,365-square-foot two parcels with frontage along Ventura Boulevard and a separate 20,570-square-foot rear parcel located behind the property, separated by an alley. The asset is positioned three parcels east of the southeast corner of Ventura Boulevard and Otis Avenue, just east of the signalized intersection at Ventura Boulevard and Reseda Boulevard, within the affluent Tarzana submarket of the West San Fernando Valley.
18424 & 18428 Ventura Boulevard and 5324 Otis Avenue offers a stable in-place income stream with meaningful rental upside. The property features highly functional suite sizes with shallow bay depths averaging approximately 922 square feet, making the spaces well suited for a wide range of retail, service, and medical uses. The efficient configurations reduce tenant improvement costs and downtime between leases
The site benefits from strong co-tenancy and hospital-driven traffic and is designed to accommodate high customer volumes, with efficient ingress and egress via a rear alley accessed from Otis Avenue. The property provides approximately 63 surface parking spaces, equating to a parking ratio of 11.38 spaces per 1,000 square feet, which is exceptional for Ventura Boulevard retail.