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    Prime Retail Space on Santa Monica Title is generated by Realmo AI

    11517 Santa Monica Boulevard, Los Angeles, CA 90025

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    For Sale
    $2,150,000

    Highly visible retail asset in West Los Angeles for sale.

    Type:SCR
    Property size:
    3,297 SF
    Price / SF:
    $652/SF
    Added:
    Aug 15, 2024
    Days on Market:
    648
    Last Refresh:
    Apr 3 at 4:58 am

    Property Features for 11517 Santa Monica Boulevard

    General Information

    Standard status
    Active
    Size
    3,297 SF
    Property subtype
    SCR

    We can help!

    Listing Contact
    David Yashar

    Listing agent David Yashar License #DRE# 01102638, CA

    Listing office KW Commercial | South Bay

    Listing date Aug 15, 2024

    Source Realnex

    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 KW Commercial | South Bay

    HighLights

    • High‑visibility retail asset on Santa Monica Blvd with 40,000+ daily traffic count.
    • Dense, affluent demographics: 250,000+ residents within 3 miles, median household income exceeding $100,000.
    • Seller willing to execute a three‑year leaseback at closing, providing immediate income.
    • Excellent frontage and accessibility on Santa Monica Blvd between Butler and Colby Avenues.
    • Proximity to I‑405 Freeway, UCLA, Brentwood, and Beverly Hills.
    • Close proximity to a city‑provided parking lot.

    Overview

    Located in West Los Angeles, the property at 11517 Santa Monica Blvd offers a retail asset with high visibility along a heavily traveled commercial corridor. The property, consisting of approximately 3,297 square feet, is situated on the north side of Santa Monica Boulevard, between Butler Avenue and Colby Avenue, providing frontage and accessibility. Santa Monica Boulevard experiences daily traffic counts exceeding 40,000 vehicles. The property is located just west of the I-405 Freeway. Nearby points of interest include the Laemmle Royal Theater, Bank of America, and various retail and dining options. A nearby city-provided parking lot enhances convenience for customers and tenants. The surrounding trade area is supported by dense demographics, with more than 250,000 residents within a three-mile radius and a median household income exceeding $100,000. The location also benefits from proximity to major employment centers, UCLA, and the Brentwood and Beverly Hills submarkets. The property is suited for both owner-users and investors seeking a West Los Angeles asset on a retail corridor. At closing, the seller is willing to execute a three-year leaseback, providing income and operational stability while allowing the buyer flexibility for future repositioning, redevelopment, or long-term strategic planning.
    Property Profile Location Intelligence

    Current Use by Public Records

    MENSITALY Clothing & Fashion Store 7Day Mens Wear Clothing & Fashion Store emensuits Clothing Store MensUSA Clothing & Fashion Store MensUSA.com Clothing Store

    Suggested Use

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

    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
    -118.45266
    Latitude
    34.04545

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    FAQs

    What type of property is this?
    Retail space - Highly visible retail asset in West Los Angeles for sale.
    Where is this retail space located?
    The property is located at 11517 Santa Monica Boulevard Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: High‑visibility retail asset on Santa Monica Blvd with 40,000+ daily traffic count.; Dense, affluent demographics: 250,000+ residents within 3 miles, median household income exceeding $100,000.; **Seller willing to execute a three‑year leaseback at closing, providing immediate income.**
    (310) 724-8043
    We can help!
    Listing Contact
    David Yashar
    Real Estate License ID: DRE# 01102638, CA
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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.

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