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Property profile & analytics
OFF-MARKET
Estimated value
$4,980,000
Investment properties
12029 Ventura Blvd Studio City, CA 91604-2609
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6332738
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1928
Construction
WOOD
Total area
7,000 SF
Lot
0.11 ac (4,991 SF)
Zoning code
LAC2
APN
2368-002-037
UPID
US09-6332738
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
-
Magikid Robotics Lab High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.96M
Blend (final)
Blend
$4.98M
Owner & transaction history
1202931 Ventura Blvd LLC · 6 yrs held
1202931 Ventura Blvd LLC
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
LAC2 · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+67.9%
Office building
$5.0M
+51.2%
Restaurant
$4.3M
+32.2%
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 Studio City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Studio City 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
$4,960,000
ML approach
$5,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,285,000
Current use
RETAIL STORES
$5,510,000
Change: +68% · Conversion: Easy
OFFICE BUILDING
$4,965,000
Change: +51% · Conversion: Easy
RESTAURANT
$4,340,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,260,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,205,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$3,180,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$4.98M
Range $4.48M – $5.48M · ±10% · vs last sale $5.00M (May 7 2020)
Last sale anchor
$5.00M
May 7 2020
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
$711 / 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
$66,504
Tax year 2024
Assessed value
$5,361,407
Assessed 2024
Previous assessed
$5,361,407
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$4,610,467
Assessed improvement
$750,940
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
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1928
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Total area
7,000 SF
Lot
0.11 ac (4,991 SF)
Zoning code
LAC2
APN
2368-002-037
UPID
US09-6332738
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAC2 · Studio City, CA
Zoning LAC2 · permitted uses
LAC2 · Studio City, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Studio City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1928
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
1202931 Ventura Blvd LLC
Entity
Free & Clear · 6 yrs held
Mailing address
16133 VENTURA BLVD STE #600, ENCINO, CA 91436-2404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2020
$5,000,000
1202931 Ventura Blvd LLC
Sunset Las Palmas Mgmt Grp LLC
Grant Deed
—
May 7, 2020
—
Ventura Blvd LLC
—
Deed
related
$4,250,000 · Mufg Union Bk NA
Oct 5, 2016
—
12033 Ventura Place LLC
—
Deed
related
$2,250,000 · East West Invs
Aug 18, 2016
$5,400,000
Julianne C Aldige
Aldige Family Trust B
Grant Deed
—
Aug 18, 2016
—
Ruth M N Mckinley
Noack,robert E JR
Deed
related
—
Feb 19, 2015
—
Sunset Las Palmas Management
Lightstream Exchange Co LLC
Quit Claim Deed
—
Aug 29, 2014
$2,895,000
Lightstream Exchange Co LLC
Richman Ents INC
Grant Deed
—
Jul 20, 2001
$1,233,455
Richman Enterprises
Goldstein,samuel & Pamela
Grant Deed
$825,000 · Verdugo Banking
Apr 28, 1997
—
Samuel Goldstein
—
Deed Of Trust
related
$2,900,000 · Wells Fargo Bank
—
—
Samuel Goldstein
—
Deed Of Trust
related
$500,000 · First Interstate Bank Californ
—
—
Ventura Blvd LLC
—
Deed Of Trust
related
$4,250,000 · Mufg Union Bk NA
—
—
Sunset Las Palmas Management
—
Deed Of Trust
related
$1,597,000 · Richman Ents INC
—
—
Richman Ents INC
—
Deed Of Trust
related
$850,000 · Mega 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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