Two-Building Storefront
For Sale
$3,750,000
12513 Venice, Los Angeles, CA 90066
Commercial Sale, Los Angeles, CA
Property Size5,356 SF
Price / SF$700.15
Days on Market193
Property Features for 12513 Venice
General Information
Property type
Residential
Property subtype
Retail
Directions
12513 & 12515 Venice Blvd. Los Angeles, CA 90066
Subdivision
C13 - Palms - Mar Vista
Standard status
Active
APN
4246026006
Building Details
Year built
1957
Listing Agency:
Equity Union
(805) 892-8119
Listed By:
Raymond Rodriguez · License #01402283
(818) 581-5829
Added: Mar 3
Changed: Aug 24
Last Checked: Sep 12 at 9:06AM
MLS# SR26046812
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This storefront property comprises two attached commercial buildings totaling approximately 5,356 square feet on two LAC2-zoned parcels. Built in 1957, the improvements combine ground-floor commercial areas with upper-level space, and each building has separate utility metering plus heating and air conditioning. The property also includes a billboard structure along Venice Boulevard.
The building at 12513 Venice Blvd. measures approximately 2,730 square feet and includes a ground-floor retail area currently used as a yoga studio. Its upper level provides a one-bedroom, one-bath layout with a den and access to a private enclosed rear outdoor area. The 12515 Venice Blvd. building measures approximately 2,626 square feet, with a front retail storefront, additional rear commercial space, an upper-level loft-style office, and its own enclosed rear outdoor area.
The property fronts Venice Boulevard in Mar Vista, within a commercial corridor surrounded by residential neighborhoods, retail businesses, restaurants, and community amenities. Buyer to verify permitted uses, zoning, certificate of occupancy, square footage, and regulatory compliance.
The building at 12513 Venice Blvd. measures approximately 2,730 square feet and includes a ground-floor retail area currently used as a yoga studio. Its upper level provides a one-bedroom, one-bath layout with a den and access to a private enclosed rear outdoor area. The 12515 Venice Blvd. building measures approximately 2,626 square feet, with a front retail storefront, additional rear commercial space, an upper-level loft-style office, and its own enclosed rear outdoor area.
The property fronts Venice Boulevard in Mar Vista, within a commercial corridor surrounded by residential neighborhoods, retail businesses, restaurants, and community amenities. Buyer to verify permitted uses, zoning, certificate of occupancy, square footage, and regulatory compliance.
Key Highlights
- Two attached commercial buildings total approximately 5,356 square feet on two LAC2‑zoned parcels
- 12513 Venice Blvd. contains approximately 2,730 square feet with retail space and upper‑level improvements
- 12515 Venice Blvd. contains approximately 2,626 square feet with storefront, rear commercial area, and loft‑style office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$127,131
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,542,620
$2.5M
Cap Rate 7%
$1,816,157
$1.8M
Cap Rate 9%
$1,412,567
$1.4M
Market Conditions
NOI Build-Up for 5,356 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$208.2K $38.88/SF
− Vacancy
−$38.7K −$7.23/SF
EGI
$169.5K $31.65/SF
− OpEx
−$42.4K −$7.91/SF
NOI
$127.1K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,542,620
Cap Rate 7%
$1,816,157
Cap Rate 9%
$1,412,567
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,131 @ 7.0% cap · market cap 3.39%
Second Best
Retail
$1.78M
$1.55M – $2.07M
NOI $124,298 @ 7.0% cap · market cap 3.31%
Theoretical Best
Multifamily LT 5
$108.51M
$94.95M – $126.59M
NOI $7,595,654 @ 7.0% cap · market cap 202.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,946
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - Attached commercial buildings offer retail areas, upper-level improvements, separate utility metering, and HVAC systems.
Where is this storefront property located?
The property is located at 12513 Venice Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Two attached commercial buildings total approximately 5,356 square feet on two LAC2‑zoned parcels; 12513 Venice Blvd. contains approximately 2,730 square feet with retail space and upper‑level improvements; 12515 Venice Blvd. contains approximately 2,626 square feet with storefront, rear commercial area, and loft‑style office
