Two-Story Retail Office
For Sale
$3,750,000
12513 Venice, Los Angeles, CA 90066
SINGLE_FAMILY - Los Angeles, CA
Property Size5,356 SF
Price / SF$700.15
Days on Market166
Property Features for 12513 Venice
General Information
Property type
Residential
Property subtype
Retail
Directions
12513 & 12515 Venice Blvd. Los Angeles, CA 90066
Subdivision
C13 - Palms - Mar Vista
Standard status
Active
APN
4246026006
Building Details
Year built
1957
Listing Agency:
Equity Union
(805) 892-8119
Listed By:
Raymond Rodriguez · License #01402283
(818) 581-5829
Added: Mar 3
Changed: Jul 6
Last Checked: Aug 16 at 9:06PM
MLS# SR26046812
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
12513 and 12515 Venice Blvd. present two attached commercial buildings with ground-floor retail and second-floor improvements. Originally constructed in the 1950s, the property totals approximately +/-5,356 square feet across two parcels zoned LAC2. Each building is separately metered for utilities and includes heating and air conditioning.
The 12513 building features a ground-floor retail space currently operating as a yoga studio, along with second-floor space configured with a one-bedroom, one-bath layout and an additional den. The second floor also includes a heating and air conditioning system and access to a private enclosed rear outdoor area. The 12515 building includes a front retail storefront with additional commercial space toward the rear, plus a second-floor loft-style office area. A private enclosed rear outdoor area and heating and air conditioning are also provided in this building.
The property is positioned along a well-traveled commercial corridor in the Mar Vista area of Los Angeles, with the surrounding neighborhood including residential and retail uses, restaurants, and community amenities. A billboard structure is located along Venice Boulevard. Buyer to verify permitted uses, zoning, certificate of occupancy, square footage, and compliance with applicable local regulations.
The 12513 building features a ground-floor retail space currently operating as a yoga studio, along with second-floor space configured with a one-bedroom, one-bath layout and an additional den. The second floor also includes a heating and air conditioning system and access to a private enclosed rear outdoor area. The 12515 building includes a front retail storefront with additional commercial space toward the rear, plus a second-floor loft-style office area. A private enclosed rear outdoor area and heating and air conditioning are also provided in this building.
The property is positioned along a well-traveled commercial corridor in the Mar Vista area of Los Angeles, with the surrounding neighborhood including residential and retail uses, restaurants, and community amenities. A billboard structure is located along Venice Boulevard. Buyer to verify permitted uses, zoning, certificate of occupancy, square footage, and compliance with applicable local regulations.
Key Highlights
- Two attached retail buildings at 12513 & 12515 Venice Blvd totaling +/-5,356 SF on two parcels zoned LAC2
- Year built 1957 with ground‑floor retail plus second‑floor improvements in both buildings
- 12513 Venice Blvd: +/-2,730 SF; yoga studio on ground floor and second‑floor 1BR/1BA plus den with HVAC and private enclosed rear outdoor area
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
$124,298
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
3.31%
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%
$2,485,960
$2.5M
Cap Rate 7%
$1,775,686
$1.8M
Cap Rate 9%
$1,381,089
$1.4M
Market Conditions
NOI Build-Up for 5,356 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
$198.0K $36.96/SF
− Vacancy
−$20.4K −$3.81/SF
EGI
$177.6K $33.15/SF
− OpEx
−$53.3K −$9.95/SF
NOI
$124.3K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
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%
$2,485,960
Cap Rate 7%
$1,775,686
Cap Rate 9%
$1,381,089
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
Current Use
Location Intelligence
Trade Area within ½ mile
3,419
Businesses Nearby
208k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 54%
Apparel 22%
Shops & Services 13%
Dining 11%
Whole Foods Market
Groceries
50,846 visits/mo
0.5 miles
Ralphs
Groceries
40,264 visits/mo
0.4 miles
Ross Dress for Less
Apparel
34,350 visits/mo
0.3 miles
Smart & Final
Groceries
21,485 visits/mo
0.4 miles
7-Eleven
Shops & Services
11,942 visits/mo
0.4 miles
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two attached Venice Boulevard buildings offer ground-floor retail with second-floor office or residential-style improvements.
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: Two attached retail buildings at 12513 & 12515 Venice Blvd totaling +/-5,356 SF on two parcels zoned LAC2; Year built 1957 with ground‑floor retail plus second‑floor improvements in both buildings; 12513 Venice Blvd: +/-2,730 SF; yoga studio on ground floor and second‑floor 1BR/1BA plus den with HVAC and private enclosed rear outdoor area
