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13263 VENTURA BOULEVARD
Offering Memorandum
KEVIN FENENBOCK
Executive Vice President
Lic. 01165115
818.325.4118
JACOB MUMPER
Vice President
Lic. 01908862
818.325.4119
TABLE OF CONTENTS
Property Overview . . . . . . . . . . . . . . . . . . 2
Offering Highlights . . . . . . . . . . . . . . . . . . 6
Asset Gallery. . . . . . . . . . . . . . . . . . . . . . 10
Market Overview . . . . . . . . . . . . . . . . . . . 14
PROPERTY OVERVIEW2
Colliers International, as exclusive representatives of the seller, is pleased to present for sale the office property at 13263 Ventura Boulevard in sought-after Studio City. The two-story building, totaling 6,159 square feet, is an exceptionally rare owner-user opportunity in a prime location. The building was extensively renovated in 2015 and 2016 and is located just east of Fulton Avenue with direct access to both the 405 and 101 freeways. It sits upon a 9,487-square-foot lot with secured on-site parking. Furthermore, with multiple restaurants, retail and entertainment destinations within walking distance of the property, 13263 Ventura Boulevard is well positioned to provide an owner-user the ideal live-work-play environment.
The seller currently occupies approximately 3,148 square feet in the building, with the balance occupied by seven tenants with short-term leases in executive suites. These tenants currently generate more than $12,000 per month in rental and parking income, providing flexibility for an owner-user to occupy as much or as little of the building as necessary, while continuing to collect supplemental income.
Indeed, 13263 Ventura Boulevard offers a unique opportunity for an office user of any size to own real estate in a prestigious location.
EXECUTIVE SUMMARY
3 | Property Overview
13263 VENTURA BOULEVARD
5 | Property Overview
OFFERING HIGHLIGHTS6
8 | Property Overview
ASSET OVERVIEW
Address 13263 Ventura Boulevard, Studio City, California 91604
Price $4,620,000
Sale Type Owner / User
RBA 6,159 SF (Per Certificate of Occupancy)
Lot Size 9,487 SF / .2178 AC
Parking 11 Spaces (Gated Surface Lot)
Stories 2
Year Built/Renovated 1945 / 2016Significant Interior and Exterior Renovations Performed in 2016
Zoning C2
7 | Offering Highlights
8 | Offering Highlights
13263 VENTURA BOULEVARD
10 | Asset Gallery
11 | Asset Gallery
12 | Asset Gallery
13 | Asset Gallery
MARKET OVERVIEW14
Named for the film studio now known as CBS Studio Center, Studio City is a charming neighborhood in the San Fernando Valley region of the City of Los Angeles. Nestled just southwest of where U.S. Route 101 meets Interstate 405, the 6.31-square-mile area sits just over the hills from the hubbub of Hollywood. With about half of its land area encompassing the northern bounds of the Hollywood hills, the overall population density for the area is among the lowest in the city. Neighboring communities include Hollywood, Universal City, Toluca Lake, Valley Village, Sherman Village and Sherman Oaks.
Serving for many as a welcome respite from the urban grind of Hollywood and other major employment centers nearby, Studio City is home to a high percentage of older and more wealthy residents than is average in Los Angeles. Retail options are many and varied. Ventura Boulevard, the city’s major commercial thoroughfare, features a mix of classic eateries, wine bars and lively gastropubs alongside sushi houses and greasy burger joints.
MARKET OVERVIEW
15 | Market Overview
13263 VENTURA BOULEVARD
RESTAURANTS
1. Casa Vega2. The Local Peasant3. Mendocino Farms4. Starbucks5. Islands Restaurant6. Five Guys7. In-N-Out Burger8. The Sherman9. Panera Bread10. Tender Greens11. Laurel Tavern12. The Coffee Bean & Tea Leaf13. Maria’s Italian Kitchen14. Fatburger15. El Torito16. Poquito Mas17. Sharky’s Woodfired Mexican Grill18. The Bellwether19. Wood & Water20. Nesmon Cafe and Boutique21. Mistral22. Boneyard Bistro23. Orange Delite & Grill24. Sweet Butter Kitchen25. Cafe Bizou26. All About Poke
GROCERY STORES
1. Ralphs2. Trader Joe’s3. Whole Foods Market4. Vons5. Gelson’s Market
HOTELS
1. Sportsmen’s Lodge2. Hilton Los Angeles/Universal City3. Sheraton Universal Hotel4. Courtyard by Marriott Los Angeles Sherman Oaks
BANKS / FINANCIAL INSTITUTES
1. Chase Bank2. Wells Fargo Bank3. Bank of America4. U.S. Bank
ENTERTAINMENT
1. Universal Studios Hollywood2. Universal CityWalk3. Westfield Fashion Square4. Sherman Oaks Galleria5. ArcLight Sherman Oaks6. Pacific Theatres Sherman Oaks 57. Studio City Recreation Center
FITNESS / GYMS
1. 24 Hour Fitness2. CorePower Yoga3. Krav Maga Worldwide4. Pulse Fitness Studio
AMENITIES
17 | Market Overview
13263 VENTURA BOULEVARD
1. CBS2. ITV America3. Premiere Radio Networks Inc. / Clear Channel Communications4. Starcom Worldwide5. Endemol USA6. Asylum Entertainment 7. Walt Disney Studios8. Radio Disney9. Nickelodeon10. Cartoon Network11. ABC Studios 12. Comcast NBC/Universal13. Universal Studios Hollywood14. Warner Bros. 15. iHeartRadio16. SEGA of America, Inc.17. DreamWorks Animation18. Marvel Animation Studios19. FuseFX20. Facebook21. Oracle22. IPC23. World Race Productions24. WildBrain Entertainment
CORPORATE NEIGHBORS
19 | Market Overview
KEVIN FENENBOCKExecutive Vice President
Lic. 01165115818.325.4118
JACOB MUMPERVice PresidentLic. 01908862
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.
Colliers International16830 Ventura Blvd., Suite J
Encino, CA 91436
www.colliers.com
