8885 Venice BlvdLos Angeles, CA 90034

Property Details for 8885 Venice Blvd

Year built

1983

Construction

TILT-UP CONCRETE

Lot size

0.49 AC

Property size (Sq ft)

17,721 SF

Zone code

LACM

Property type

Office properties

Property subtype

Office buildings

APN

4312-010-042

APU

4312010042

Description

This exceptional Los Angeles industrial property at 8885 Venice Blvd offers a 2,100 square foot vacant space within a larger 17,721 square foot building. The property boasts CM zoning, allowing for diverse commercial, wholesale, and light industrial uses. Built in 1983 and renovated in 1993, the two-story building features 12-foot high ceilings and a convenient ground-level rear loading dock. Located in the 90034 zip code, the property benefits from its strategic position near the intersection of Venice and National Boulevards, experiencing high daily traffic volume exceeding 84,700 vehicles. Its proximity to the I-10 Freeway (over 267,300 daily vehicles) ensures excellent accessibility. The location offers significant advantages, including a dense population of over 900,000 within a 5-mile radius, with an affluent average household income of $118,403. Nearby landmarks include Culver Crossing (future Apple HQ), Ivy Station, The Platform, The Culver Steps, Sony Pictures, Amazon Studios, and Helms Bakery. This prime location combines high visibility with proximity to major attractions, making it an ideal space for businesses seeking a vibrant and accessible industrial setting in Los Angeles. The property includes one building with a single suite and one loading dock. The APN is 4312-010-042.

• CAP approach

  CAP return

  Valuation

  6%

  $4,094,078

  6.5%

  $3,779,149

  7%

  $3,509,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,369,825

  Geo Method

  $3,369,825

• Alternative Use

  Use

  Valuation

  Residential

  $4,686,144

  Hospitality

  $4,292,484

  Educational

  $3,571,296

  Medical

  $3,694,118

  Retail

  $5,555,349

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0299

Longitude

-118.388

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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