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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Investment properties
10905 Venice Blvd Los Angeles, CA 90034-7069
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6342741
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1961
Construction
TILT-UP CONCRETE
Total area
4,497 SF
Lot
0.14 ac (6,270 SF)
Zoning code
LAC2
APN
4252-020-016
UPID
US09-6342741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
haleARTS S P A C E (Bike/Boat/Book/etc) Store
-
Lizon Tailors (Bike/Boat/Book/etc) Store
-
The Cleaning Club (Bike/Boat/Book/etc) Store
-
Cannabis - RETAIL REHAB Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.29M
Blend (final)
Blend
$2.35M
Owner & transaction history
10905 Venice LLC · 5 yrs held
10905 Venice LLC
since 2021
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+21.7%
Office building
$2.3M
+12.3%
Medical building
$2.1M
+2.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Los Angeles submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Los Angeles submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,350,000
ML approach
$2,450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,010,000
Current use
AUTO REPAIR, GARAGE
$2,445,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$2,255,000
Change: +12% · Conversion: Easy
MEDICAL BUILDING
$2,050,000
Change: +2% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,905,000
Change: -5% · Conversion: Difficult
RETAIL STORES
$1,845,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.60M (Jul 23 2021)
Last sale anchor
$2.60M
Jul 23 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$523 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$33,180
Tax year 2024
Assessed value
$2,705,040
Assessed 2024
Previous assessed
$2,705,040
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,340,900
Assessed improvement
$364,140
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
4,497 SF
Lot
0.14 ac (6,270 SF)
Zoning code
LAC2
APN
4252-020-016
UPID
US09-6342741
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Los Angeles, CAZoning LAC2 · permitted uses
LAC2 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
RETAIL STORES
Est. value
$1.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1961
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
10905 Venice LLC
Entity
Mailing address
12300 W PICO BLVD, LOS ANGELES, CA 90064-1137
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2021
$2,600,000
10905 Venice LLC
Jespersen Family Revocable Living T
Grant Deed
$1,100,000 · The Jespersen Family Revocable Living Tr
Oct 13, 2006
—
Jespersen Family Living Trust
Jespersen,roger L
Quit Claim Deed
related
—
Aug 3, 2005
$370,000
Roger L Jespersen
Jespersen,loren R
Grant Deed
related
—
Nov 10, 1994
—
Roger L Jespersen
Jespersen,j
Quit Claim Deed
related
—
Nov 10, 1994
$550,000
Jespersen,roger L
Mcnulty,nadine
Trustees Deed
—
Feb 26, 1988
$265,000
Lawrence Mcnulty
Kirs
Grant Deed
related
—
Jan 15, 1988
$450,000
Jeffrey Kirshner
Kmk
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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