Woodlake Plaza | 22982-23010 Ventura Blvd
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Woodlake Plaza 22982-23010 Ventura Blvd
14,474 SF 100% Leased Retail Building Woodland Hills, CA 91364 $6,380,000 ($441/SF) 6.26% Cap Rate
Investment Highlights
- All NNN Leases
- Excellent Visibility & Frontage
- Hundreds of thousands spent on Upgrades
- Stable Tenants with Upside in Rent
- Heavily Trafficked Retail Corridor
Executive Summary
Back on the Market. Buyer was unable to obtain financing.
The subject property sits on 25,401 SF of land and offers 215 feet of frontage along Ventura Boulevard.
Hundreds of thousands have been recently spent on upgrades which includes Roof, HVAC Unis, Fire Alarm & Parking.
Woodlake Plaza is ideally positioned in an area that offers high traffic counts, significant re-development in the immediate area, and excellent visibility and frontage along Ventura Boulevard, a strong retail corridor, presenting an exceptional opportunity for businesses to thrive.
Situated on a sought-after stretch of Ventura Blvd, the property is surrounded by a desirable tenant mix, and is located amongst an array of both single-family homes and multi-family apartments with excellent accessibility to the 101 Freeway.
Woodland Hills is a prosperous community in the San Fernando Valley‘s southwestern area, nestled between Calabasas to the west and Tarzana to the east. This strategic location offers residents swift access to Los Angeles‘ prime business zones, like Tarzana, Warner Center, Hollywood, Downtown Los Angeles, Universal City, and the Tri-Cities. Local amenities abound, from a diverse selection of dining and entertainment venues to shopping centers, schools, parks, and recreational areas. Additionally, the extensive Ventura Boulevard, an 18-mile commercial stretch in the San Fernando Valley, boasts an impressive lineup of businesses.
The subject property sits on 25,401 SF of land and offers 215 feet of frontage along Ventura Boulevard.
Hundreds of thousands have been recently spent on upgrades which includes Roof, HVAC Unis, Fire Alarm & Parking.
Woodlake Plaza is ideally positioned in an area that offers high traffic counts, significant re-development in the immediate area, and excellent visibility and frontage along Ventura Boulevard, a strong retail corridor, presenting an exceptional opportunity for businesses to thrive.
Situated on a sought-after stretch of Ventura Blvd, the property is surrounded by a desirable tenant mix, and is located amongst an array of both single-family homes and multi-family apartments with excellent accessibility to the 101 Freeway.
Woodland Hills is a prosperous community in the San Fernando Valley‘s southwestern area, nestled between Calabasas to the west and Tarzana to the east. This strategic location offers residents swift access to Los Angeles‘ prime business zones, like Tarzana, Warner Center, Hollywood, Downtown Los Angeles, Universal City, and the Tri-Cities. Local amenities abound, from a diverse selection of dining and entertainment venues to shopping centers, schools, parks, and recreational areas. Additionally, the extensive Ventura Boulevard, an 18-mile commercial stretch in the San Fernando Valley, boasts an impressive lineup of businesses.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | $99,999 | $9.99 |
Vacancy Loss | $99,999 | $9.99 |
Effective Gross Income | $99,999 | $9.99 |
Taxes | $99,999 | $9.99 |
Operating Expenses | $99,999 | $9.99 |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Other Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Vacancy Loss | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Effective Gross Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Operating Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Total Expenses | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
14,474 SF
Building Class
C
Year Built
1985
Price
$6,380,000
Price Per SF
$441
Cap Rate
6.26%
NOI
$399,524
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.58 AC
Zoning
C4-1VLD
Parking
32 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
218 FT on Ventura
Amenities
- Bus Line
- Pylon Sign
- Signage
Walk Score®
Very Walkable (75)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 2042-006-103 | Total Assessment | $5,977,012 (2024) |
Land Assessment | $4,178,106 (2024) | Annual Taxes | ($1) ($0.00/SF) |
Improvements Assessment | $1,798,906 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
2042-006-103
Land Assessment
$4,178,106 (2024)
Improvements Assessment
$1,798,906 (2024)
Total Assessment
$5,977,012 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
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Woodlake Plaza | 22982-23010 Ventura Blvd
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