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  • For sale
For Sale - Corner Lot Commercial Office On Ventura Blvd, Studio City - #1
For Sale - Corner Lot Commercial Office On Ventura Blvd, Studio City - #2
For Sale - Corner Lot Commercial Office On Ventura Blvd, Studio City - #3
For Sale - Corner Lot Commercial Office On Ventura Blvd, Studio City - #4

For Sale

$6,000,000 USD

Built in 1956, 13273 Ventura Boulevard is an 11,687 SF office building situated on 14,683 SF corner lot in Studio City and includes 25 surface parking spaces. The building can be delivered with month-to-month tenants, allowing a savvy investor to implement a comprehensive renovation plan and capture rental upside or convert to an owner user. 13273 Ventura comes equipped with a grandfathered in monument sign and 10 feet by 40 feet billboard, both of which are no longer permitted on Ventura Blvd. The rare billboard size creates rental upside as the lease expires in two years and is currently under market rent. The Ventura and Fulton intersections see 39,328 cars every day, generating ample exposure for both the property and billboard. The property is zoned C2, which has a residential density of 1 dwelling unit per 400 square feet of land or 38 allowable units. It is located in the Ventura / Cahuenga Boulevard Corridor specific plan and River Implementation Overlay District. The specific plan limits the floor area ratio (FAR) of new developments to a maximum of 1.5:1.