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    12616 Ventura Blvd Los Angeles, CA 91604

    Sponsored
    For Sale
    $5,595,000

    Prime Restaurant, 5,240 SF, High NOI

    Property size:
    5,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional restaurant property, located at 12616 Ventura Blvd in Studio City, California, presents a compelling investment opportunity. The 5,240 square foot building, constructed in 1948 and situated on a C2 zoned lot, boasts a strong net operating income (NOI) of $240,026, yielding a 4.29% cap rate at an asking price of $5,595,000 ($1,048 per square foot). The two-story building features 15 parking spaces, a significant advantage in this high-traffic area. Further enhancing its appeal are irreplaceable pole signage and a recent remodel completed in 2021, including a new roof. The property benefits from its location on Ventura Boulevard, a highly visible and trafficked thoroughfare, surrounded by national retailers such as Staples, Bed Bath & Beyond, Ralphs, and Equinox. This established restaurant offers an owner-user opportunity or a stable, long-term investment with reliable tenants. The property's prime location and desirable features make it an exceptional addition to any portfolio. The property is for sale by owner.

    Property Features for 12616 Ventura Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    5,240 SF
    Class
    C

    Building Details

    Year Built
    1948
    Stories
    2

    HighLights

    • Ample exclusive parking.
    • High‑visibility pole signage.
    • Prime Studio City location.
    • Ideal owner‑user opportunity.
    • Recently renovated interior.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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
    -118.40792116748
    Latitude
    34.143723497392

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    FAQs

    What type of property is this?
    Restaurant - Prime Restaurant, 5,240 SF, High NOI
    Where is this restaurant located?
    The property is located at 12616 Ventura Blvd Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $5,595,000.
    What are key features of this property?
    This property features: Ample exclusive parking.; High-visibility pole signage.; Prime Studio City location.
    Request Owner's contact information
    12616 Ventura Blvd Los Angeles, CA 91604
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    Los Angeles, CA 91604
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    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12616 Ventura Blvd Los Angeles, CA 91604
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