18066 Ventura Blvd - Auto Dealership FOR SALE


Encino, CA 91316
$4,999,995 USD
310-709-9809
18066 Ventura Blvd, Encino, CA for Sale
$4,999,995 USD
Auto Dealership - FOR SALE
1/22
null | Request Cap Rate

18066 Ventura Blvd
Encino, CA 91316


HIGHLIGHTS

  • Incredible Opportunity to build a medical building on Ventura Blvd in Encino, The main artery of San Fernando Valley

OVERVIEW

Prime Development Opportunity | Medical & Retail Expansion next to Providence-Cedars Tarzana Med Ctr | Approved Medical-Use Plus LADBS Plans APPROVED FOR MEDICAL USE! A current 4,200 sq ft building on a very large 14,400 sq ft triple lot situated on Ventura Blvd, one of the busiest and most desirable corridors in Encino. Adjacent to Providence-Cedars Tarzana Medical Center with excellent visibility on the corner of Lindley and Ventura. Entire Architectural, MEP, Structural plans included. This is an exceptional opportunity for investors, medical professionals, and developers looking to expand or create a new medical/retail space in a rapidly growing area. Property Highlights: LA City Planning Approval for Medical Use: This property is zoned and approved for medical use, offering immediate flexibility for healthcare-related services such as outpatient clinics, medical offices, dental, and more. LA City Planning and Ventura-Cahuenga Specific Plan approval and Letter of Determination is in hand. Adjacent to Providence-Cedars Tarzana Medical Center. Architectural & Structural Plans in Place: The property comes with architectural, structural, and MEP plans to expand the existing structure to approximately 6,000 sq ft. The proposed plans include a mix of medical and retail/pharmacy space, creating a highly attractive destination for both patients and shoppers. Nearly 20 Parking Spaces: One of the standout features of this property is the generous parking allocation—20 parking spaces—ensuring ease of access for patients, customers, and staff, which is critical in this area. Ready to Build: With full city planning approvals and full architectural/MEP/structural plans in hand, the buyer can immediately submit blueprints and plans to the Los Angeles Department of Building and Safety (LADBS) to obtain the necessary permits and begin construction without planning approval delay. Highly Visible Location: On the corner of Lindley and Ventura, nestled in the heart of Encino, the property benefits from high traffic exposure and a prime corner location on Ventura Blvd, a major thoroughfare in the San Fernando Valley. The surrounding area is home to affluent residents, professionals, and a diverse customer base, ensuring excellent demand for medical and retail services. Ideal for Medical Providers or Investors: Whether you’re a healthcare provider looking for a custom-built facility or an investor seeking a lucrative development opportunity, this property offers tremendous upside potential in one of LA’s most sought-after neighborhoods. Key Features: Total Land Area: 14,400 sq ft approximate Existing Building Size: 4,200 sq ft approximate Proposed Medical and Retail Expansion: 6,000 sq ft approximate Zoning: C4-1L, Ventura-Cahuenga Specific Plan Parking: Nearly 20 spaces Don’t miss out on this rare opportunity to own a fully approved, turnkey development project in one of Los Angeles' most dynamic markets.

FOR SALE DETAILS

PRICE

$4,999,995 USD

PRICE/SF

$1,189 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

LAC4

APN/PARCEL ID

2181-001-031

ASK ABOUT THIS PROPERTY

Jacklin RafaelofBerkshire Hathaway HomeServices (California)More Info
310-709-9809

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Jacklin RafaelofBerkshire Hathaway HomeServices (California)More Info
310-709-9809

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.