Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 19348-19360 Ventura Boulevard (the “Property”), an approximately 39,124 square foot parcel situated at the soft corner of Ventura Boulevard and Aura Avenue in Tarzana, California, one of the most affluent, supply-constrained, and commercially active communities along the Ventura Boulevard corridor in the western San Fernando Valley. The property is offered as a covered land play, presenting a rare and strategically positioned development site on one of the Valley’s most prominent commercial arterials, with immediate freeway access, exceptional demographics, and a broad range of entitled and incentivized development pathways available to a quali?ed buyer. The Property is offered as approximately 39,124 square feet of raw, unimproved land with no existing structures, providing a qualified buyer with a clean, shovel-ready canvas free of demolition, tenant relocation, or holdover risk. In a development environment where construction costs, capital availability, and entitlement timelines have made new ground-up projects structurally difficult to execute, the ability to acquire a fully cleared, infill parcel of this scale on Ventura Boulevard represents a meaningful competitive advantage. The Property’s C2-1VLD zoning, combined with its eligibility under the MIIP Opportunity Corridor Incentive Area (OC-1) designation, unlocks a development program of extraordinary scale, including unlimited density and up to 6.50 FAR under the OCIA program, representing up to approximately 254,306 buildable square feet on a site that today carries the visibility, access, and locational credentials that institutional developers compete aggressively to secure. The offering represents one of the most compelling development land opportunities available on Ventura Boulevard today, occupying a soft corner position with sub-0.1 mile proximity to the US-101 Freeway at Tampa Avenue and immediate regional connectivity to the broader San Fernando Valley, the Westside, and Downtown Los Angeles. The Property sits within the established Tarzana / Encino Ventura Boulevard retail and lifestyle corridor, anchored by Village Walk, Trader Joe’s, TJ Maxx, Ross, and LA Fitness, and is positioned less than one mile from Providence Cedars-Sinai Tarzana Medical Center, a major regional acute care hospital currently undergoing a multi-phase expansion that drives sustained daily demand from physicians, staff, patients, and visitors. Surrounding demographics reinforce the institutional quality of the location, with average household incomes exceeding $151,500 within one mile and approximately 445,100 residents within five miles, representing one of the deepest, most affluent residential bases available to any development site in the western San Fernando Valley. The Seller may consider providing financing to a qualified buyer on negotiated terms, offering a capital-efficient path to acquisition in a constrained debt environment and a meaningful competitive advantage for buyers pursuing entitlement and pre-development without the timing and cost friction of conventional construction-to-permanent capital.