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    5103 Venice Blvd Los Angeles, CA 90019

    Sponsored
    For Lease
    Contact for pricing

    2,125 SF Retail Space - Ample Parking

    Lot size:
    2,125 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    403
    This exceptional 2,125-square-foot retail space is ideally situated at the signalized intersection of Venice Boulevard and Redondo Boulevard in Los Angeles County. The property offers a single-tenant occupancy opportunity within a vibrant commercial district. Surrounded by thriving businesses, schools, and restaurants, this location benefits from high foot and auto traffic, ensuring excellent visibility and accessibility for your business. The area boasts a dense population, with a 2-mile radius encompassing 181,000 residents and an average household income of $96,000. Ample parking is available, a significant advantage for customers and employees. The property is conveniently located a few blocks from Kaiser Permanente, further enhancing its appeal. This location is perfect for a variety of retail uses, including but not limited to: smoke shops, markets, hair salons, massage therapy businesses, medical spas, and dental practices. Its proximity to Culver City and West Los Angeles provides access to a large and diverse customer base. The entire 2,125 square feet is currently vacant and ready for immediate occupancy. This is a rare opportunity to establish your business in a high-traffic, high-demand area with strong demographics. Don't miss out on this prime retail space.

    Property Features for 5103 Venice Blvd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,125 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    2,125 SF

    We can help!

    Listing Contact
    Alex Shabani
    Alex Shabani

    Learn more

    HighLights

    • 2,125 SF retail space available for lease in Los Angeles County.
    • Located at a signalized intersection of Venice Blvd and Redondo Blvd.
    • Excellent location near successful businesses, schools, and restaurants, plus Kaiser Permanente.
    • Ample parking available.
    • Ideal for retail uses such as smoke shops, markets, salons, spas, or dental offices.
    • Conveniently situated near Culver City and West LA.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kim Ly Nails Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -118.350498
    Latitude
    34.0456581

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    FAQs

    What type of property is this?
    Retail property - 2,125 SF Retail Space - Ample Parking
    Where is this retail property located?
    The property is located at 5103 Venice Blvd Los Angeles, CA.
    What are key features of this property?
    This property features: 2,125 SF retail space available for lease in Los Angeles County.; Located at a signalized intersection of Venice Blvd and Redondo Blvd.; Excellent location near successful businesses, schools, and restaurants, plus Kaiser Permanente.
    Request Owner's contact information
    5103 Venice Blvd Los Angeles, CA 90019
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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.

    More about this property
    5103 Venice Blvd Los Angeles, CA 90019
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    We can help!
    Listing Contact
    Alex Shabani
    Alex Shabani
    Real Estate License ID: CA 01352902
    Learn more
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