Two-Story Mixed-Use Retail
10419 Venice Boulevard Los Angeles, CA 90034
For Sale
$7,950,000
Two-story retail and office building with fully leased ground floor and 15,000 SF second-floor availability.
Property Size26,246 SF
Price / SF$302.90
Days on Market400
Property Features for 10419 Venice Boulevard
General Information
- Standard status
- Active
- Size
- 26,246 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1987
Listing Agency:
(310) 458-4100
Listed By:
Muselli Commercial Realtors
Source:
Xome
Added: Jun 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 5:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Muselli Commercial Realtors
Investment Insights
Based on property information with market context.
The Venice Center is a two-story retail and office building with a ground floor and second-floor space. The ground floor is 100% leased. The second floor is partially leased, with the entire 15,000 SF available, and features numerous glass panels, natural light, and private patios. An elevator provides access from the garage and ground floor to the second floor.
The property is located at a prominent signalized corner of Venice Boulevard and Motor Avenue. It is described as within walking distance to Downtown Culver City, and it has easy access to the 405 and 10 freeways.
Zoning is Los Angeles City MU(EC) – Mixed Use (Exposition Corridor). The remarks note potential for up to 86,098 SF of mixed-use development, subject to buyer verification.
The property is located at a prominent signalized corner of Venice Boulevard and Motor Avenue. It is described as within walking distance to Downtown Culver City, and it has easy access to the 405 and 10 freeways.
Zoning is Los Angeles City MU(EC) – Mixed Use (Exposition Corridor). The remarks note potential for up to 86,098 SF of mixed-use development, subject to buyer verification.
Key Highlights
- Two‑story retail and office building built in 1987 with 73 parking spaces.
- Ground floor is 100% leased.
- Entire 15,000 SF second floor is available (second floor partially leased).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.02M | $38.88 |
| − Vacancy | −$189.8k | −$7.23 |
| EGI | $830.6k | $31.65 |
| − OpEx | −$207.7k | −$7.91 |
| NOI | $623.0k | $23.74 |
26,246 SF · lease $38.88/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$8.90M
$7.79M – $10.38M
NOI $622,981 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$8.70M
$7.61M – $10.15M
NOI $609,096 @ 7.0% cap · market cap 7.66%
Theoretical Best
Multifamily LT 5
$531.73M
$465.26M – $620.35M
NOI $37,220,974 @ 7.0% cap · market cap 468.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Everytable
Restaurant
FAQs
What type of property is this?
Retail space - Two-story retail and office building with fully leased ground floor and 15,000 SF second-floor availability.
Where is this retail space located?
The property is located at 10419 Venice Boulevard Los Angeles, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Two‑story retail and office building built in 1987 with 73 parking spaces.; Ground floor is 100% leased.; Entire 15,000 SF second floor is available (second floor partially leased).
