Mar Vista Retail
12513 Venice Los Angeles, CA 90066
For Sale
$3,750,000
Retail property in Mar Vista neighborhood of Los Angeles.
Property Size5,356 SF
Price / SF$700.15
Days on Market95
Property Features for 12513 Venice
General Information
Standard status
Active
Size
5,356 SF
Property subtype
Commercial
Building Details
Year Built
1957
Listing Agency:
Lucrum Real Estate Group
(866) 582-7865
Listed By:
Raymond Rodriguez · License #01402283
(866) 582-7865
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 6:07AM
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 Lucrum Real Estate Group
Investment Insights
Based on property information with market context.
Located on Venice Boulevard in the Mar Vista neighborhood of Los Angeles, the property at 12513 & 12515 Venice Blvd. features two attached commercial buildings totaling approximately 5,356 square feet on two parcels zoned LAC2. Constructed in the 1950s, the buildings offer ground-floor commercial spaces with second-floor improvements. Each building has separate utility meters and includes heating and air conditioning. Positioned along a well-traveled commercial corridor within the Westside community of Mar Vista, 12513 Venice Blvd. contains approximately 2,730 square feet. Its ground floor houses a retail space currently operating as a yoga studio, while the second floor includes an improved space with a one-bedroom, one-bath layout and a den area, along with access to a private enclosed rear outdoor area. 12515 Venice Blvd. contains approximately 2,626 square feet and features a retail storefront on the ground floor with additional commercial space toward the rear. The second floor contains a loft-style office area. This building also includes heating and air conditioning and a private enclosed rear outdoor area. The property includes a billboard structure located along Venice Boulevard. Mar Vista is situated between Venice, Culver City, and Santa Monica, with residential neighborhoods, retail businesses, restaurants, and community amenities nearby. Venice Boulevard serves as a primary east-west corridor connecting Culver City with coastal communities.
Key Highlights
- Prime location on Venice Boulevard in the desirable Mar Vista neighborhood.
- Two attached commercial buildings totaling approximately ±5,356 square feet on two parcels.
- LAC2 zoning offering a range of commercial uses (buyer to verify).
Financial Insights For Retail
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 | $198.0k | $36.96 |
| − Vacancy | −$20.4k | −$3.81 |
| EGI | $177.6k | $33.15 |
| − OpEx | −$53.3k | −$9.95 |
| NOI | $124.3k | $23.21 |
5,356 SF · lease $36.96/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.78M
$1.55M – $2.07M
NOI $124,298 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$108.51M
$94.95M – $126.59M
NOI $7,595,654 @ 7.0% cap · market cap 202.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail property in Mar Vista neighborhood of Los Angeles.
Where is this retail space located?
The property is located at 12513 Venice Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: Prime location on Venice Boulevard in the desirable Mar Vista neighborhood.; Two attached commercial buildings totaling approximately ±5,356 square feet on two parcels.; LAC2 zoning offering a range of commercial uses (buyer to verify).
