22837 ventura blvd - loopnet · 2020. 1. 6. · on ventura boulevard there are lively bars and...
TRANSCRIPT
Owner-User Office Building Opportunity
Alex Galuz President
22837 Ventura Boulevard Woodland Hills, CA 91364
22837 Ventura BoulevardOFFICE BUILDING IN WOODL AND HILLS
DISCL AIMER
The information contained herein has been secured from sources we believe to be reliable, but we make no representation or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must independently verify the information and bears all risks for any accuracies. Expenses are estimates.
LISTED BY
ALEX GALUZPresident(310) 466-0888 cell(818) 222-5040 office(818) 222-5041 [email protected] License: 01291486
Crescent Realty21241 Ventura Blvd #290Woodland Hills, CA 91364www.cresentrealtyla.com
Table of Contents
1 2 3INVESTMENT
OVERVIE WFINANCIAL OVERVIE W
SALES COMPAR ABLES
22837 Ventura Boulevard • Investment Overview
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Investment Overview
SUMMARY
Fantastic opportunity to own a beautiful office building on Ventura Bou-levard near Calabasas. Incredible street presence and signage visibility of 3 stories above 1 lever subterranean parking.
The top floor unit of 7,000 square feet is available to an owner-user. The top floor has high ceilings, two private restrooms, glass enclosed con-ference room, direct entrance elevator, large reception area and config-uration to get up to 30 offices! The first floor has tenant through 2023.The second floor offices are mostly month to month and may be vacat-ed for owner-user needs.
This building is right in the path of the “REIMAGINE VENTURA” pathway that makes Ventura Boulevard between Royer Avenue and Sale Avenue a walkable neighborhood street scene.
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$4,995,000 17,027 $293.36 1984LIST PRICE GROSS SF PRICE/SF YEAR BUILT
Owner-User Prime Ventura Boulevard Office Building with 6,000 SF PH Unit Available for New Owner Immediately
2nd Floor Available for Owner-User– If Needed
Fantastic Street Signage and Street Presence
Reimagine Ventura Pathway
Updated in 2010
INVESTMENT HIGHLIGHTS
22837 Ventura Boulevard • Investment Overview
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22837 Ventura Blvd
22837 Ventura Boulevard
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MULHOLL AND DR
CALABASAS ROAD
VALLEY CIR BLVD
VENTUR A BLVD
BURBANK BLVD
VICTORY BLVD
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TOPA
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22837 Ventura Boulevard • Investment Overview
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WOODL AND HILLS
Woodland Hills is an upscale neighborhood located on the edge of the Santa Monica Mountains in the San Fernando Valley of northern Los Angeles. It’s lush, green and a great place to hike, bike, enjoy nature and update your wardrobe. Whether your interest is shopping or the outdoors, Woodland Hills has activities and attractions that can provide a fun, entertaining experience. On Ventura Boulevard there are lively bars and gastropubs with delicious food and live music, making Woodland Hills a unique, vibrant destination in the Valley.
67 66 15WALK SCORE BIKE SCORE MINUTES
Somewhat Walkable – Some errands can be accomplished on foot.
Bikeable – Flat as a pancake, minimal bike lanes.
To Thousand Oaks
LOCATION SCORES
LOCATION OVERVIE W
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Financial Overview
INVESTMENT SUMMARY
Price $4,995,000
Down Payment -
Property Type Class B Office
Assessor’s Parcel Number 2042-017-034
Year Built 1983
Zoning LAC4
Parking 33 Spaces*
Approx. Lot Size 0.21 AC
Approx. Gross Square Feet 17,027
Price per Gross SF $293.36
NOI - Current $113,851.84
NOI - Market $233,231.00
*10 parking spaces on the street level garage; 20 spaces in the subterranean garage and 3 spaces in the back of the building off the alley
PROPERT Y
Ingress/Egress Ventura Blvd and Rear Alley
Cross Street Ventura Blvd Between Royer Ave and Fallbrook Ave
Highway Access 101 Freeway
Construction -
Stories 3
Fire Sprinklers -
22837 Ventura Boulevard • Financial Overview
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Financial Overview
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RENT ROLL
UNIT TENANT STATUS UNITSIZE
CURRENTRENT
MARKETRENT DEPOSIT LEASE
FROMLEASETO MOVE-IN
100 Advanced Engineering & Consulting Current 2,725 $4,347.28 $5,450.00 $7,500.00 11/15/2013 5/31/2023 11/15/2013
200 Learning Dynamics Current 995 $1,504.49 $1,990.00 $1,260.00 5/1/2013 4/30/2021 5/1/2013
201 Mark Kaufman Properties Current 1,545 $2,400.00 $3,090.00 $2,250.00 12/1/2018 11/30/2020 8/1/2012
202 Yakir Y. Cohen Current 1,340 $1,400.00 $2,680.00 $1,300.00 4/16/2018 MTM 4/16/2018
203 Nassirzadeh Investments, Inc. Current 940 $1,350.00 $1,880.00 $1,095.00 5/1/2013 10/31/2019 (MTM) 5/1/2013
204 Andranik Tarakchian Current 1,745 $2,000.00 $3,490.00 $1,800.00 11/1/2017 MTM 11/1/2017
205 OWNER - Guarachi Wine Current 585 $1,170.00 7/7/2011
300 (Entire Floor) OWNER - Guarachi Wine Partners Inc. Current 7,152 $12,167.40 $14,304.00 7/7/2011
17,027 $25,169.17 $34,054.00 $15,205.00
22837 Ventura Boulevard • Financial Overview
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PROFIT & LOSS – JANUARY THROUGH DECEMBER 2018
INCOME CURRENT MARKET
Rental Income $289,268.84 $408,648.00
Gross Income $289,268.84 $408,648.00
Total Expenses $175,417 $175,417
Net Operating Income $113,851.84 $233,231.00
EXPENSES CURRENT MARKET
Real Estate Taxes $63,117 $63,117
Cleaning $20,000 $20,000
Utilities $49,000 $49,000
Trash $5,000 $5,000
Management $13,000 $13,000
Leasing Fees $6,000 $6,000
Insurance $8,500 $8,500
Elevator $3,000 $3,000
Repairs $6,000 $6,000
Fire Alarm $1,800 $1,800
Total Expenses $175,417 $175,417
Expense/NRSF $9.70 $9.70
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22837 Ventura Boulevard • Sales Comparables
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Sales Comparables
ADDRESS SALE DATE
SALE PRICE
YEAR BUILT
BUILDINGTYPE
GROSS SF
PRICE/ SF
NO. OF TENANTS
22837 Ventura BoulevardWoodland Hills, CA 91364 - $4,995,000 1984 Class B Office 17,027 $293.36 7
1 22041 Clarendon StreetWoodland Hills, CA 91367 8/27/2018 $3,120,000 1978 Class B Office 6,020 $518.27 4
2 5311 Topanga Canyon BoulevardWoodland Hills, CA 91364 5/22/2018 $3,835,000 1985 Class B Office 16,390 $233.98 7
3 19935 Ventura BoulevardWoodland Hills, CA 91364 5/1/2018 $4,950,000 1982 Class B Office 18,285 $270.71 10
4 20631 Ventura BoulevardWoodland Hills, CA 91364 3/6/2019 $5,400,000 1982 Class B Office 22,966 $235.13 19
5 22141 Ventura BoulevardWoodland Hills, CA 91364 9/10/2019 $5,872,000 1987 Class B Office 20,557 $285.67 10
6 22466 Ventura BoulevardWoodland Hills, CA 91364 4/5/2019 $2,170,000 1992 Class C Office 4,492 $483.08 1
Total/Average $337.81
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22837 Ventura BoulevardOFFICE BUILDING IN WOODL AND HILLS
LISTED BY
ALEX GALUZPresident(310) 466-0888 cell(818) 222-5040 office(818) 222-5041 [email protected] License: 01291486
Crescent Realty21241 Ventura Blvd #290Woodland Hills, CA 91364www.cresentrealtyla.com