Venice Mixed-Use Corner
For Sale
Contact for pricing
110 Mildred Ave, Los Angeles, CA 90291
Unique mixed-use property in a prime Venice location.
Property Size11,408 SF
Lot Size0.16 Acres
Price / SF$504.03
Days on Market429
Property Features for 110 Mildred Ave
General Information
Standard status
Active
Size
11,408 SF
Total Parking Spaces
3
Lot size
0.16 Acres
Property subtype
Mixed Use, Multifamily, Office, Retail
Zoning
LAR3
Investment Type
Owner/User
Building Details
Year Built
1923
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
WESTMAC
(310) 966-4383
Listed By:
T.C. Macker · License #CA 01232033
Source:
Crexi
Added: Jun 10, 2025
Changed: Aug 8
Last Checked: Aug 11 at 8:56AM
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 WESTMAC
Investment Insights
Based on property information with market context.
Located at 110 Mildred Avenue in Venice, California, this mixed-use property offers a unique opportunity. The building encompasses approximately 11,408 square feet on a lot of approximately 6,832 square feet. Previously the Venice News building, it later served as the home and studio of artist Billy Al Bengston. The property is primarily residential with abundant storage space. Situated one block from the Venice Boardwalk and canals, the corner location at Mildred and Pacific Avenue provides excellent visibility with high car and pedestrian traffic. The area boasts a Walk Score of 96 and a Bike Score of 99. The property is also located one block east of Venice Beach, Muscle Beach, and the Venice Boardwalk, with Santa Monica to the north and Los Angeles International Airport within a 30-minute drive. The location is within walking distance of numerous restaurants, shops, and services, including Great White, Eggslut, Jeni’s Ice Creams, and Hama Sushi, near the Venice Sign, as well as Hotel Erwin, Gjusta Grocer, Mollusk Surf Shop, and Tocaya Modern Mexican. Beachside spots like Seaside Burgers and Belles Beach House are a short walk away on the Venice Beach Boardwalk. Abbot Kinney Boulevard is half a mile from the property. This property presents an opportunity to own real estate in a high-traffic area.
Key Highlights
- Prime corner location just one block from Venice Beach, Venice Boardwalk, and Muscle Beach.
- High Walk Score (96) and Bike Score (99).
- Significant square footage: ±11,408 square feet of building on ±6,832 square feet of land.
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
$231,012
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
4.02%
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%
$4,620,240
$4.6M
Cap Rate 7%
$3,300,171
$3.3M
Cap Rate 9%
$2,566,800
$2.6M
Market Conditions
NOI Build-Up for 11,408 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
$410.7K $36.00/SF
− Vacancy
−$41.1K −$3.60/SF
EGI
$369.6K $32.40/SF
− OpEx
−$138.6K −$12.15/SF
NOI
$231.0K $20.25/SF
Area
Los Angeles, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$4,620,240
Cap Rate 7%
$3,300,171
Cap Rate 9%
$2,566,800
Alternative Uses
Best Use
Apartment 5plus
$201.69M
$176.48M – $235.30M
NOI $14,118,017 @ 7.0% cap · market cap 245.53%
Second Best
Mixed Use
$3.30M
$2.89M – $3.85M
NOI $231,012 @ 7.0% cap · market cap 4.02%
Theoretical Best
Multifamily LT 5
$231.12M
$202.23M – $269.64M
NOI $16,178,346 @ 7.0% cap · market cap 281.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,575
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique mixed-use property in a prime Venice location.
Where is this mixed-use property located?
The property is located at 110 Mildred Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,750,000.
What are key features of this property?
This property features: Prime corner location just one block from Venice Beach, Venice Boardwalk, and Muscle Beach.; High Walk Score (96) and Bike Score (99).; Significant square footage: **±11,408 square feet of building on ±6,832 square feet of land.**
