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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    9999 Ventura Blvd Los Angeles, CA 91364

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 9999 Ventura Blvd

    Property type
    Commercial real estate

    Description

    This thriving hair salon in Los Angeles, CA, presents a unique investment opportunity. Located at 9999 Ventura Blvd, 91364, this well-established business boasts a prime location next to an In-N-Out Burger, ensuring high foot traffic and visibility. Operating successfully for 33 years, the salon is fully equipped with 8 cutting stations, 2 hair washing stations, and 2 hair dryer stations, providing ample space for stylists and clients. A convenient washer/dryer unit is included, along with a utility room featuring abundant cabinet space, a kitchen sink, and countertops. The salon has recently undergone renovations, resulting in a clean and modern aesthetic. The current owner is retiring, creating an excellent opportunity for a new owner to step in and continue the legacy. The business's history demonstrates consistent profitability, and there's significant potential for expansion. Previous rental of space to a physical therapist indicates the possibility of adding additional services or expanding the current offerings. This turnkey operation is ready for a new owner to take the reins and capitalize on its established reputation and prime location. The asking price is $58,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.563
    Latitude
    34.1726

    Comparable in this City

    • Value Estimation
      $1,545,000
      8,242 SF

      20000 Ventura Blvd

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      20000 Ventura Blvd, Woodland Hills, CA 91364-2650
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    • Value Estimation by Request
      454,102 SF

      20600 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 454,102 SF
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    • Value Estimation
      $1,000,000
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      23031 Ventura Blvd

      STORE/OFFICE (MIXED USE) • 4,142 SF
      23031 Ventura Blvd, Woodland Hills, CA 91364-1111
      View Details
    • Value Estimation
      $2,725,000
      1,484 SF

      21112 Ventura Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,484 SF
      21112 Ventura Blvd, Woodland Hills, CA 91364-2103
      View Details
    • Value Estimation
      $1,450,000
      8,550 SF

      4871 Topanga Cyn Blvd

      STORE/OFFICE (MIXED USE) • 8,550 SF
      4871 Topanga Cyn Blvd, Woodland Hills, CA 91364-4228
      View Details
    • Value Estimation by Request
      2,040 SF

      4907 Topanga Cyn Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,040 SF
      4907 Topanga Cyn Blvd, Woodland Hills, CA 91364-3113
      View Details

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    9999 Ventura Blvd
    Los Angeles, CA 91364
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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
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