3100 Venice Boulevard, Los Angeles, CA 90019

Building Details

Building Size 8,885 SF More

Year Built 1983 More

Listing Agency: Christopher E. Williams Realty

Listed By: Christopher Williams · License CA #01068421

Source: Velocityrealtysd

Added: Nov 9 Changed: Nov 12 Last Checked: Nov 12 at 8:45AM

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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 Christopher E. Williams Realty

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Investment Insights

Based on property information with market context.

This 1983 flex space combines a showroom with business offices on both the upper and lower levels. High ceilings and a loading dock are among the building’s functional features. A service elevator reaches the rooftop, which can accommodate storage or cleaning activities.

Key Highlights

• Showroom with offices on both levels
• Loading dock and high ceilings
• Rooftop area for storage or cleaning, served by a maintenance elevator

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$206,196

Cap Rate

3.75%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,123,920 $4.1M

Cap Rate 7%

$2,945,657 $2.9M

Cap Rate 9%

$2,291,067 $2.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 8,885 SF

Gross rent

$328.4K $36.96/SF

− Vacancy

−$33.8K −$3.81/SF

EGI

$294.6K $33.15/SF

− OpEx

−$88.4K −$9.95/SF

NOI

$206.2K $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 Rate 5%

$4,123,920

Cap Rate 7%

$2,945,657

Cap Rate 9%

$2,291,067

Alternative Uses

Best Use

Retail

$2.95M

$2.58M – $3.44M (±1% cap)

NOI $206,196 @ 7.0% cap · market cap 3.75%

Second Best

Industrial

$1.58M

$1.38M – $1.84M (±1% cap)

NOI $110,375 @ 7.0% cap · market cap 2.01%

Theoretical Best

Office A

$3.71M

$3.25M – $4.33M (±1% cap)

NOI $259,672 @ 7.0% cap · market cap 4.72%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

World Harvest Ministry Church World Harvest Food ... Food Bank Compact International Furniture & Home Goods

Suggested Use

Top Pick Law Firm Real Estate Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Butcher Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

2,161

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 90019, CA

62,002

Population

26,203

Households

2.4

Avg Household Size

38

Median Age

39%

College-Educated

80%

High-School Grad

3.9 sq mi

ZIP Area

15,898

Density / Sq Mi

$71,395

Median Household Income

$40,316

Median Earnings

$1,782

Median Rent

$1,178,100

Median Home Value

Market

Average Price Trend$/SF for Flex space in Los Angeles, CA

$502 Jul

$444 Aug

$560 Sep

$524 Oct

Properties on Market for Flex space in Los Angeles

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Los Angeles, CA

1.8% 2019

2.4% 2020

0.9% 2021

1.2% 2022

3% 2023

4.6% 2024

4.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A two-level office component accompanies the showroom, with a loading dock and rooftop storage area.

Where is this flex space located?

The property is located at 3100 Venice Boulevard Los Angeles, CA.

What is the asking price?

The asking price for this property is $5,500,000.

What are key features of this property?

This property features: Showroom with offices on both levels; Loading dock and high ceilings; Rooftop area for storage or cleaning, served by a maintenance elevator