For Sale
$1,765,000
10939 Venice Blvd, Los Angeles, CA 90034
Bars & Pubs
Property Size2,022 SF
Price / SF$801.54
Days on Market167
Property Features for 10939 Venice Blvd
General Information
Standard status
Active
Size
2,022 SF
Property subtype
Retail
Financials
Cap Rate
5%
Business Included
Yes
Building Details
Building Size
2,022 SF
Year Built
1955
Stories
2
Tenancy
Single
Listing Agency:
Partners CRE
Listed By:
Shaya Braverman · License #01861842
Source:
Commercialcafe
Added: May 8
Changed: Oct 9
Last Checked: Oct 20 at 5:32PM
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 Partners CRE
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Investment Insights
Based on property information with market context.
Key Highlights
- Two‑story commercial property built in 1955 with approximately 2,202 rentable SF
- Ground‑floor world‑famous bar plus dedicated office space above
- Currently offered at a 5% CAP rate with a stable, long‑term tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,636
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,720
$1.2M
Cap Rate 7%
$851,943
$851.9K
Cap Rate 9%
$662,622
$662.6K
Market Conditions
NOI Build-Up for 2,202 SF
Gross rent
$81.4K $36.96/SF
− Vacancy
−$1.9K −$0.85/SF
EGI
$79.5K $36.11/SF
− OpEx
−$19.9K −$9.03/SF
NOI
$59.6K $27.08/SF
Area
Los Angeles, CA
Vacancy
2.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,720
Cap Rate 7%
$851,943
Cap Rate 9%
$662,622
Alternative Uses
Best Use
Specialty Retail
$851.9K
$745.5K – $993.9K
NOI $59,636 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$44.61M
$39.03M – $52.05M
NOI $3,122,784 @ 7.0% cap · market cap 176.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,730
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90034, CA
57,152
Population
29,262
Households
2
Avg Household Size
35
Median Age
64%
College-Educated
92%
High-School Grad
3.1 sq mi
ZIP Area
18,436
Density / Sq Mi
$103,082
Median Household Income
$62,891
Median Earnings
$2,180
Median Rent
$1,395,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Blow Hookah Bar — 4313 Sepulveda Blvd, Culver City, CA 90230
- Dear John's — 11208 Culver Blvd, Culver City, CA 90230
- Joxer Daly's — 11168 Washington Blvd, Culver City, CA 90232
- Anuar's House — 11168 washington blvd, culver city, ca 90232
- Sara The Wine Bar & Restaurant — 3936 Sepulveda Blvd, Culver City, CA 90230
Frequently Asked Questions
Where is this bar & pub located?
The property is located at 10939 Venice Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,765,000.
What are key features of this property?
This property features: Two‑story commercial property built in 1955 with approximately 2,202 rentable SF; Ground‑floor world‑famous bar plus dedicated office space above; Currently offered at a 5% CAP rate with a stable, long‑term tenant
