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    11955 Washington Blvd Los Angeles, CA 90066

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    11955 Washington Blvd Los Angeles, CA 90066

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    • Investment properties
    • 0.62 lot acres
    For Lease
    $28,155,000
    View Listing →
    Operating Pizzeria in Culver City For Lease
    $28,155,000

    Operating Pizzeria in Culver City

    Operating pizzeria in a prime location within a new apartment.

    11955 Washington Blvd, Los Angeles, CA 90066
    View Listing
    Property ID
    US09-8791114
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $28,155,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hair by Sandra Moraga / Hair Salon
    • SoCal Cash 4 Houses / Real Estate Agency
    • Rebecca graves hair / Hair Salon
    • Wall St Cafe / Restaurant
    • ISSA Hair / Hair Salon

    Property Details for 11955 Washington Blvd

    Lot size
    0.62 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    4233-014-042
    APU
    4233014042

    Description

    This exceptional 1,560-square-foot pizzeria in Culver City presents a rare opportunity for a restaurant operator. Located on the corner of Washington Boulevard and Inglewood Boulevard, this single-tenant property boasts a prime location within the Oliver, a newly constructed 30-unit apartment building, ensuring a built-in customer base. The space is exquisitely built-out, featuring 15-foot high ceilings and an open floor plan, comfortably accommodating 80 diners. A significant advantage is the inclusion of a Type 41 Beer and Wine License, enhancing revenue potential. The design incorporates a glass roll-up garage door, seamlessly blending indoor and outdoor dining experiences. Two ADA-compliant restrooms are provided for customer convenience. The interior is further enhanced by unique recycled beer and wine bottle countertops and a six-tap kegerator with two reserves. Ample street parking is available for patrons. The property is currently vacant, offering immediate occupancy for the new owner. This turnkey operation is ready for a new restaurateur to step in and begin serving customers in this thriving Los Angeles County location. The property's modern design and prime location make it an ideal investment for those seeking a successful and established restaurant business.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,965,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.421
    Latitude
    33.9981
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $341,470
    $7,260,000
    $21,990,000
    $29,250,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      4,898 SF

      12625 Venice Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,898 SF
      12625 Venice Blvd, Los Angeles, CA 90066-3703
      View Details
    • Value Estimation by Request
      1,865 SF

      12056 Washington Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,865 SF
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      View Details
    • Value Estimation by Request
      864 SF

      12804 Washington Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 864 SF
      12804 Washington Blvd, Los Angeles, CA 90066-5120
      View Details
    • Value Estimation
      $700,000
      4,328 SF

      11469 Washington Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,328 SF
      11469 Washington Blvd, Los Angeles, CA 90066-6014
      View Details

    Similar Nearby for Sale

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      2,912 SF

      Culver City Fourplex Opportunity

      Well-maintained fourplex with upgrade potential in prime location.
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Property with Office, Warehouse

      Mixed-use property featuring office and warehouse space for lease.
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      Commercial Space Available For Lease

      Commercial property available for lease in Marina del Rey.
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      Retail Space For Lease

      Retail spaces available for lease in Los Angeles.
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      Modern Office Space Available

      Six-story office building with modern spaces and natural light.
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      Creative Loft Office Space

      Westside creative office space suitable for showroom or retail.
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      Industrial Space Available For Rent

      Industrial space available, approximately 22,790 square feet.
      12575 Beatrice St, Los Angeles, CA 90066
      View Details
    View Listing
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    Los Angeles, CA 90066
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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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