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Property profile & analytics
OFF-MARKET Estimated value $7,155,000
Investment properties

11551 Santa Monica Blvd Los Angeles, CA 90025-3083

47,171 SF 0.29 ac lot Built 2005
Entity Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US09-7957826
Property summary
AI-generated overview

This exceptional 1,250 square foot retail and mixed-use property, located at 11551 Santa Monica Boulevard in Los Angeles, California (zip code 90025), is offered for sale at $149,000 ($119.20/sq ft). Currently operating as a bakery/cafe under the same ownership for four years, this space is part of a larger 65,000 square foot mixed-use development. The property boasts a highly visible corner location on a signalized intersection, ensuring maximum exposure to the high volume of traffic exceeding 45,000 vehicles daily. Three parking spaces are included, conveniently located in a subterranean garage. Access to the 405 Freeway is easily accessible. The current lease has six years remaining, with a monthly rent of $6,800 NNN, offering potential for a new lease upon expiration. This presents a unique opportunity for investors seeking a well-established business in a prime Los Angeles location with significant growth potential. The property's strong location and current operation make it an attractive investment.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2005
Construction TILT-UP CONCRETE
Total area 47,171 SF
Lot 0.29 ac (12,478 SF)
Zoning code LAC2
APN 4261-001-018
UPID US09-7957826
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
  • Doan Salon Hair Salon
  • Hair and nails Hair Salon Nail Salon
  • Sculpt Cult Pilates Gym & Fitness Center
  • Mateo's Ice Cream & Fruit Bars Grocery & Convenience Store Specialty Food Shop
  • Naan Hut Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$7.16M
Owner & transaction history
Colby Place LLC · 9 yrs held
Colby Place LLC
since 2017
7 recorded transactions
2022
Price N/A
2017
Price N/A
2017
Price N/A
2000
Price N/A
2000
Price N/A
1993
$2.2M
1969
Price N/A
Zoning & alternative use
LAC2 · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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