Maher Commercial Realty presents two exceptional retail investment opportunities in Los Angeles’ most dynamic neighborhoods – 13831 Ventura Boulevard in Sherman Oaks and 4318 Melrose Avenue in East Hollywood. These properties offer investors a unique combination of immediate cash flow, value-add potential, and long-term redevelopment upside in irreplaceable locations.
1. 13831 Ventura Blvd – Sherman Oaks’ Last Remaining Retail+Warehouse Gem
Property Snapshot:
- Price: $2,700,000 ($603/SF building | $587/SF land)
- Zoning: LAC2 (Flexible commercial uses)
- Building: 4,480 SF (1,250 SF retail + 3,230 SF warehouse)
- Lot Size: 4,598 SF
- Walk Score: 87
Why This Stands Out:
- Rare Warehouse Opportunity: One of few remaining ground-load warehouses in central Sherman Oaks (3,230 SF with 14′ ceilings + loading door)
- Below-Market Rents:
- Retail unit leased at 20% below market (lease expires 3/2026)
- Billboard generating ancillary income (month-to-month, below market)
- Corner Visibility: 120’ of Ventura Blvd frontage facing Pizzana, BLVD Steak & Sweet Butter Café
- Value-Add Play: Fire-damaged warehouse offers 30%+ NOI growth via repositioning
Ideal For:
- Investors seeking turnkey retail with upside
- Owner-users needing showroom + storage (auto, wholesale, creative office)
- Developers eyeing future mixed-use (LAC2 allows residential)
For more information click here: https://cr.mahercr.com/13831ventura
2. 4318 Melrose Ave – East Hollywood’s Premier Development Site
Property Snapshot:
- Price: $8,900,000 (Melrose parcel: $7.4M | Heliotrope parcel: $1.5M)
- Zoning: LAC2/LAR3 (Transit-oriented development)
- Building: 13,540 SF retail/office (7 units)
- Lot Size: 27,526 SF (combined)
- Development Potential: Up to 241 units (150 via TOIA T2 + 91 via ED-1)
Why This Stands Out:
- Land Banking Goldmine: CHIP/TOIA Tier 2 and ED-1 incentives allow 4x base density
- Lease Flexibility: All tenants on short-term leases (expiring <12 months)
- Transit Hub: Between 2 Metro Red Line stations (1/2 mile to Vermont/Santa Monica & Hollywood/Western)
- Cultural Epicenter: Adjacent to Virgil Village’s hottest dining (Sqirl, Courage Bagels) + 5 mins to Erewhon Silver Lake
Ideal For:
- Developers pursuing 100% affordable or market-rate housing
- Investors seeking short-term cash flow + long-term appreciation
- Land bankers capitalizing on East Hollywood’s 20% YoY price growth
For more Information click here: https://cr.mahercr.com/4318melrose
Side-by-Side Investment Profiles
Metrics: 13831 Ventura Blvd and 4318 Melrose Ave
| Strategy | Reposition retail/warehouse | Land bank + redevelop |
| Cap Rate (Current) | 5.2% | 4.8% |
| Cap Rate (Pro Forma) | 7.1%+ | N/A (Development play) |
| Price per Buildable SF | $587 (land) | $323 (land) |
| Key Incentives | Billboard income | TOIA T2, ED-1, AB 2335 |
| Transit Score | 72 (1 mile to 101/405) | 89 (Between 2 Metro stations) |
Why Act Now?
- Sherman Oaks: Ventura Blvd retail vacancies at historic lows (<3%)
- East Hollywood: Residential land values up 22% since 2022 (Cushman & Wakefield)
- Limited Supply: Only 2 other development sites >25,000 SF available in Melrose corridor
These properties won’t last – one offers immediate income + upside, the other unmatched density potential in a transit-rich zone.
Contact us today for offering memorandums or private tours.
