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Property profile & analytics
OFF-MARKET
Estimated value
$9,365,000
Office buildings
1120 Venice Blvd Los Angeles, CA 90015-3214
Entity Owned
~
Est. High Equity
Property ID
US09-7281469
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1968
Construction
TILT-UP CONCRETE
Total area
27,797 SF
Lot
1.09 ac (47,697 SF)
Zoning code
LAM1
APN
5135-017-029
UPID
US09-7281469
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
-
Brinks Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.33M
CAP Approach
CAP
$10.83M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.37M
Owner & transaction history
1120 Venice Blvd LLC
1120 Venice Blvd LLC
since 2025
7 recorded transactions
Zoning & alternative use
LAM1 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.1M
+8.3%
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
$8,940,000
ML approach
$8,325,000
CAP Approach
CAP Return
Estimation
6%
$11,730,000
6.5%
$10,825,000
7%
$10,055,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$13,950,000
Current use
AUTO REPAIR, GARAGE
$15,110,000
Change: +8% · Conversion: Difficult
MEDICAL BUILDING
$12,665,000
Change: -9% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$11,770,000
Change: -16% · Conversion: Difficult
RETAIL STORES
$11,740,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$9.37M
Range $8.43M – $10.30M · ±10%
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
$337 / 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
$120,063
Tax year 2024
Assessed value
$9,623,700
Assessed 2024
Previous assessed
$9,623,700
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$8,583,300
Assessed improvement
$1,040,400
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
27,797 SF
Lot
1.09 ac (47,697 SF)
Zoning code
LAM1
APN
5135-017-029
UPID
US09-7281469
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAM1 · Los Angeles, CA
Zoning LAM1 · permitted uses
LAM1 · Los Angeles, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Los Angeles. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$14.0M
AUTO REPAIR, GARAGE
Est. value
$15.1M
MEDICAL BUILDING
Est. value
$12.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.8M
RETAIL STORES
Est. value
$11.7M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1968
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
1120 Venice Blvd LLC
Entity
Mailing address
1120 VENICE BLVD, LOS ANGELES, CA 90015-3214
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Dec 9, 2025
—
1120 Venice Blvd LLC
Donney Kim And Kang Joo Kim 2008 Re
Grant Deed
—
Jun 6, 2022
$9,250,000
Donney H Kim
1120 Venice Blvd La Properties LLC
Grant Deed
—
Dec 10, 2021
—
1120 Venice Blvd La Properties LLC
Charlotte Weinberg
Quit Claim Deed
related
—
Feb 14, 2019
—
Owner Name Unavailable
Weinberg,howard M
Affidavit Of Death
related
—
—
—
Weinberg Howard M Trust
—
Deed Of Trust
related
$29,000 · Coast National Bank
—
—
Weinberg Trust
—
Deed Of Trust
related
$75,000 · Coast National Bank
—
—
Weinberg Trust
—
Deed Of Trust
related
$150,000 · Coast National Bank
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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