18330-18350 Ventura Blvd
Tarzana, CA 91356

The Brandon Michaels Group of Marcus & Millichap has been selected to exclusively market for sale Oriente Plaza, a mixed-use property ideally located just east of the SE signalized corner of Ventura Boulevard and Reseda Boulevard at the corner of Ventura Boulevard and Avenida Oriente in Tarzana, California. Oriente Plaza is ideally situated on a total of 69,472 square feet of land zoned. Included in the total land square footage is a 48,628 square foot parking lot directly behind the building on Avenida Oriente, which offer excellent parking with a total of 159 parking spaces creating a parking ratio of over 5.12 per 1,000. Avenida Oriente currently features a diverse mix of retail tenants on the ground floor and numerous smaller office tenants on the second floor. Both the ground and second floor Tenants are on short term Leases, making this an ideal investment for investors looking for a well-located reposition opportunity, developers looking for future development potential, and Owner-User buyers looking to utilize a portion or all of the building for their own business use. The property is located less than 0.3 of a mile from the Providence Tarzana Medical Center, the top regional medical center in the San Fernando Valley and a huge economic driver for the San Fernando Valley. As a result of the excellent parking and large land square footage, Oriente Plaza offers the unique opportunity for a medical conversion. Tarzana CA is an affluent suburb of the San Fernando Valley that offers close proximity to the glittering nightlife and culture of nearby neighborhoods, but maintains a quiet impression within its borders. Boasting impressive architecture and verdant green spaces, Encino has housed a number of notable residents and is the home to multi-million dollar homes and a bevy of athletes, entertainers, and professionals. The average household income within a three mile radius is north of $102,000, and the immediate area boasts a dense immediate population, with over 463,000 people within a five mile radius. Ventura Boulevard is the world’s longest avenue of contiguous business and one of the primary east–west thoroughfares in the San Fernando Valley. Orienete Plaza benefits from excellent visibility along Ventura Boulevard and presents a unique opportunity to acquire over 300 feet of frontage along the world’s longest avenue of contiguous business. This is a unique opportunity to acquire one of the largest parcels of land along Ventura Boulevard. This is the first time Oriente Plaza has been made available for sale since its construction in 1972.