18800 & 18816 VENTURA BLVD
TARZANA, CA 91356
PRICE
Request for Offers
BUILDING SIZE
10,021 SF
LOT SIZE
45,541 SF
BASE RENT
OCCUPANCY
ZONING
$540,537/yr
90.3%
C2-1VL
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 18800 & 18816 Ventura Boulevard (the “Property”), a 1.05-acre assemblage of two contiguous parcels totaling 45,541 square feet at the signalized southwest corner of Ventura and Burbank Boulevards in Tarzana, California. The Property is improved with 10,021 square feet in two buildings: a 5,414-square-foot California Pizza Kitchen on a net ground lease through December 31, 2029, and a four-suite NNN retail strip. The two parcels are offered together on a Request for Offers basis.
California Pizza Kitchen has been on the corner since 1995, on a net ground lease that rises 3% each January to $430,041 in 2029. With the NNN strip, the Property collects $540,537 of base rent a year at 90.3% occupancy, and every lease ends by August 31, 2030.
Two contiguous parcels totaling 45,541 SF with ±255 feet on Ventura Boulevard at Burbank Boulevard, a signalized corner carrying 42,181 vehicles a day. The site is 0.4 mile to the US-101 and 0.7 mile to Providence Cedars-Sinai Tarzana Medical Center.
Zoned C2-1VL in TOC Tier 1 and built today to 0.22 FAR. The Opportunity Corridor with the City’s Public Benefit bonus allows up to 6.50 FAR (296,145 SF) and seven stories at market rate, with no parking required. By right, 1.50 FAR supports a 68,341 SF medical office.