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Property profile & analytics
OFF-MARKET
Estimated value
$1,805,000
Grocery and convenience stores
1201 Venice Blvd Los Angeles, CA 90006-5517
Individually Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-7469864
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1926
Construction
TILT-UP CONCRETE
Total area
6,374 SF
Lot
0.29 ac (12,784 SF)
Zoning code
LACM
APN
5135-006-021
UPID
US09-7469864
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
-
Buena Market Grocery & Convenience Store Food Market
-
El Tapatio Restaurant
-
1201 Venice Blvd Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.81M
Owner & transaction history
Yi Family · 14 yrs held
Yi Family
since 2012
7 recorded transactions
Zoning & alternative use
LACM · Los Angeles, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.9M
+11.0%
Neighborhood: shopping center
$2.7M
+3.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,465,000
6.5%
$2,275,000
7%
$2,115,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,615,000
Current use
MEDICAL BUILDING
$2,905,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,700,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,100,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.81M
Range $1.62M – $1.99M · ±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
$283 / 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
$25,897
Tax year 2024
Assessed value
$2,044,161
Assessed 2024
Previous assessed
$2,044,161
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,551,594
Assessed improvement
$492,567
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
6,374 SF
Lot
0.29 ac (12,784 SF)
Zoning code
LACM
APN
5135-006-021
UPID
US09-7469864
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LACM · Los Angeles, CA
Zoning LACM · permitted uses
LACM · 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
RETAIL STORES Current
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.1M
RETAIL STORES Current
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1926
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Yi Family
Individual
Mailing address
2041 CHRISTIE ST, FULLERTON, CA 92833-5098
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2017
—
Yi Family LP
—
Deed
related
$295,000 · Hye S Lee
Jan 24, 2012
—
Yi Family
Yi,jang K & Young S
Quit Claim Deed
related
—
May 10, 2010
—
Jang K Yi
Gwon,wong T & Jane S
Grant Deed
$920,000 · Won T & Jane S Gwon
Apr 1, 2005
$1,590,000
Won T Gwon
Park,jong S
Grant Deed
$1,440,000 · Nara Bank
Dec 2, 2004
$1,200,000
Jong S Park
Cho,jin H
Grant Deed
$780,000 · Centerbank
Dec 2, 2004
—
Joo Y Park
Park,jong S
Quit Claim Deed
related
—
Jan 16, 2004
—
Jin H Cho
Cho,sun H
Quit Claim Deed
related
—
Dec 6, 2002
$717,000
Sun H Cho
Oh,sun-young & Kum-ja
Grant Deed
$400,000 · First Continental Bank
Dec 4, 2000
—
Sun-young Oh
Ahn,j W
Quit Claim Deed
related
—
Sep 19, 1997
—
Sun-young Oh
Pussell Trust
Grant Deed
$560,000 · Seller
—
—
Won T Gwon
—
Deed Of Trust
related
$250,000 · Wilshire State Bank
—
—
Won T Gwon
—
Deed Of Trust
related
$130,000 · Nara Bank
—
—
Yi Family LP
—
Deed Of Trust
related
$200,000 · Everyday Rich LLC
—
—
Yi Family LP
—
Deed Of Trust
related
$80,000 · Jane Gwon
—
—
Yi Family LP
—
Deed Of Trust
related
$295,000 · Hye S Lee
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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