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    12513 Venice Blvd Los Angeles, CA 90066

    Sponsored
    For Sale
    $4,150,000

    Commercial Sale - Los Angeles, CA

    Property size:
    5,356 SF
    Days on Market:
    2
    Last Refresh:
    Mar 4 at 2:06 pm

    Property Features for 12513 Venice Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    4246026006
    Size
    5,356 SF

    Building Details

    Year built
    1957
    Architectural style
    Other

    We can help!

    Listing Contact
    Raymond Rodriguez

    Equity Union (818) 631-1660

    Listing agent Raymond Rodriguez (805) 892-8119 License #01402283

    Listing date Mar 3, 2026

    MLS# SR26046812 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property on Venice Boulevard

    Located on Venice Boulevard in the Mar Vista neighborhood of Los Angeles, the mixed-use property at 12513 & 12515 Venice Blvd. consists of two attached buildings totaling approximately 5,356 square feet on two parcels zoned LAC2. Constructed in the 1950s, the buildings feature ground-floor commercial spaces with second-floor improvements. Each building is separately metered for utilities and includes heating and air conditioning systems. The property is positioned along a well-traveled commercial corridor within a mixed residential and commercial area. 12513 Venice Blvd. contains approximately 2,730 square feet. The ground floor features a retail space currently operating as a yoga studio. The second floor includes an improved space with a one-bedroom, one-bath layout and an additional den area. The space includes heating and air conditioning and access to a private enclosed rear outdoor area. 12515 Venice Blvd. contains approximately 2,626 square feet. The ground floor includes a retail storefront in the front portion of the building with additional commercial space toward the rear. The second floor contains a loft-style office area suitable for general office or studio space. The building includes heating and air conditioning and a private enclosed rear outdoor area. The property also includes a billboard structure located along Venice Boulevard. The surrounding area includes residential neighborhoods, retail businesses, restaurants, and community amenities. Venice Boulevard is a primary east–west corridor connecting Culver City with nearby coastal communities and includes a variety of neighborhood retail and local businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Light on Lotus Gym & Fitness Center Modern Shaman Therapeutic ... Alternative Medicine Practice CHALK Marketing & Advertising

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.435123
    Latitude
    34.003243

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Mar Vista neighborhood of Los Angeles.
    Where is this mixed-use property located?
    The property is located at 12513 Venice Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: - Mixed-use property with two attached buildings totaling ±5,356 square feet on two parcels.; - Located on Venice Boulevard in the Mar Vista neighborhood, a high-traffic commercial corridor.; - Includes ground-floor commercial spaces and second-floor improvements in both buildings.
    (818) 581-5829
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    12513 Venice Blvd Los Angeles, CA 90066
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12513 Venice Blvd Los Angeles, CA 90066
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    We can help!
    Listing Contact
    Raymond Rodriguez
    Real Estate License ID: 01402283
    (818) 581-5829 (805) 892-8119 (818) 657-6500
    Learn more
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