Executive Summary

The Neema Group of Marcus & Millichap and Kamyar Rezaie of Wembley’s Inc. are pleased to present a rare, newer construction owner-user or investment opportunity located on the premier Ventura Boulevard corridor in Sherman Oaks. Built in 2011, the 10,080 SF mixed-use property features five ground-floor retail suites and six second-floor office suites.

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The property offers excellent parking, including 11 gated surface spaces and 21 subterranean spaces. Additionally, the basement level includes six secure storage units ranging from 83–485 SF, providing potential for supplemental income.

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Two retail suites totaling 1,904 SF are occupied by LaserAway, leased through December 2028 with 4% annual rent increases. Two additional retail suites totaling 1,367 SF are occupied by a salon on a month-to-month basis, allowing near-term upside. One 600 SF retail suite is currently vacant.

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One office suite (602 SF) is leased through September 30, 2028, with 3% annual increases and one five-year option period. The remaining office space totaling 3,342 SF is vacant and well-suited for an owner-user.

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The property presents potential for medical office use. The existing parking ratio is 3.17, and medical office use may be permitted by utilizing AB 2097 (buyer to verify).

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Ideal opportunity for an owner-user to utilize SBA financing, offering a lower required down payment compared to conventional financing.

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Rare opportunity to acquire a turnkey, newer-construction asset with over 115 feet of frontage along one of the most walkable and desirable retail corridors in Sherman Oaks, boasting a Walk Score of 87.

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Sherman Oaks is an affluent and densely populated submarket within the San Fernando Valley, with over 500,000 residents within a five-mile radius. The area is supported by major employers including Warner Bros., Universal Studios Hollywood, and CBS Studios, as well as nearby educational institutions.

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Ventura Boulevard experiences traffic counts exceeding 25,000 vehicles per day, contributing to strong visibility, foot traffic, and a vibrant retail environment. Average household income within a two mile radius exceeds $137,000, supporting high-quality retail and service demand.

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Overall, this remarkable mixed-use property provides an unparalleled owner user or investment opportunity in one of the most coveted high-end real estate markets in California.