Status   SOLD  
14901-14917 Ventura Boulevard, Sherman Oaks, CA, 91403 sold
$6,500,000
no image
no image
no image
no image
no image
MLS#06-035515
List Date5/22/2006
TypeCommercial
StyleMultiplex
Area72
Square Footage7073
Lot Size19,390
Parking25
REQUEST MORE INFO MORTGAGE CALCULATOR PRINT THIS PAGE
TELL A FRIEND SCHEDULE AN APPOINTMENT Community Information
14907 Ventura Blvd.pdf  
WHERE:  This developable lot lies in the Village at Sherman Oaks, a main walk street retail thoroughfare on Ventura Boulevard between Van Nuys Boulevard and Sepulveda Boulevard.  Approximate daily traffic count is 54,600 cars.  Immediate neighbors include the Gap, Border's Books, Marmalade Restaurant, Mitchell Litt Antiques and Ahhs.  The 405 San Diego Freeway and Interstate 101 Freeways are close in proximity and the Sherman Oaks Galleria area-wide shopping mall is less than 1/2 mile west.  Sherman Oaks is an exclusive "south of the boulevard" residential enclave adjacent to Encino and neighbor to Beverly Hills, California.
Exterior Features FOR SALE FOR LEASE.  High traffic upscale location in Sherman Oaks Village, Los Angeles CA (NW corner of Ventura and Kester).  Two improved structures including the Valley Beverage Company-6341sq ft on story retail center and additional outleet-732 sq ft.  
The lot is 19,390 SF to be improved or developed.  Current rents are well below market, property can be delivered vacant. The zoning is LA C-2 1L.  FAR 1:125 (May be improved per discussions to be initiated with city of Los Angeles).  Potential height limit consisting of 6 stories.  Ventura-Cahuenga Boulevard Corridor Specific Plan.  All of the current occupants on month to month tenancies.  Average daily traffic count: 54,600 cars.
Additional Features and Amenities Lease all or part of this entire parcel, consisting of two improved retail structures on a 19,390 square foot lot. With over 25 parking spaces this prime Studio Village corner offers exposure, high traffic volume, and reaches the affluent “south of the boulevard" residents of Sherman Oaks, Encino and Studio City.  Asking 4.50 per sf NNN, the improvements are:  Valley Beverage Co.- an existing wine & beverage facility of some 6341 SF w/ two toilets and an additional outlet of 732 SF plus patio. Owner is motivated to consider all plausible opportunities, including divisible lease/option, build to suit or straight sale.  Close to 405 and 134 freeways.