16300 Ventura Blvd Encino, CA 91436
Mixed-Use Retail + 49 Apartments in Encino
SOLD: $31,250,000 CAP RATE: 5.36% GRM: 13 PRICE PER SQUARE FOOT: $546
The Saghian Group successfully represented both the buyer and the seller in the sale of 16300 Ventura Blvd, a rare mixed use asset in the heart of Encino and one of the select few true mixed use properties in the entire San Fernando Valley.
The property consists of forty nine residential units and two commercial units anchored by JP Morgan, providing strong long term stability and exceptional visibility along the Ventura Corridor. The building offers approximately ten thousand square feet of retail and office space with two hundred forty feet of frontage on Ventura Blvd.
Residential units average nine hundred fifty eight square feet and are complemented by a full suite of amenities including an on site jacuzzi, a fully equipped gym, secure parking, in unit washers and dryers, a welcoming patio for guests and convenient EV charging stations.
The property also features two levels of subterranean parking totaling more than forty one thousand square feet with sixty six spaces allocated for the commercial level and seventy three spaces dedicated to residential use.
This transaction highlights The Saghian Group’s ability to source qualified buyers, structure complex mixed use deals and deliver strong outcomes for both sides in one of the most competitive submarkets in Los Angeles.
Investment Highlights
49 Residential Units, and 2 Commercial Units
One of the select few mixed-use properties in the entire San Fernando Valley - Strong Anchor with JP Morgan
Range of amenities including an on-site jacuzzi, fully equipped gym, secure parking, in-unit washer and dryer, a welcoming patio area for guests and a convenient EV charging stations
Large Units consisting of an average size of 958 SF
The building features two levels of subterranean parking, totaling 41,000 square feet, with 66 parking spaces allocated for the commercial level and 73 spaces for residential use.
Building offers 240 feet of retail frontage along the Ventura Corridor, comprising over 10,000 square feet for retail and office space.
Exclusively Listed & Sold By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com