12034 Venice Blvd Los Angeles, CA 90066-3893
Property profile & analytics
12034 Venice Blvd Los Angeles, CA 90066-3893
- Investment properties
- 3,199 SF
- 0.19 lot acres
Property ID
US09-6531746
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.
Location Intelligence
Current Use by Public Records
- CAFE LAURENT / Restaurant
Property Details for 12034 Venice Blvd
- Year built
- 1923
- Construction
- WOOD
- Lot size
- 0.19 lot acres
- Property size
- 3,199 SF
- Zone code
- LAC2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 4235-024-006
- APU
- 4235024006
Description
This exceptional 16,420 sq ft land parcel in Los Angeles, CA (90066), presents a rare opportunity to develop a lucrative 72-unit mixed-use building. Located at 12034 Venice Blvd, the property boasts a C2 TOC 2 zoning designation and includes preliminary plans for an eight-story structure, ready for ministerial approval. The design incorporates 65 market-rate units and 7 income-restricted units, fulfilling a low set-aside requirement. Parking is ample, with 85 spaces, including 41 subterranean and 44 above-grade stalls. The ground floor features approximately 800 sq ft of cafe space and 800 sq ft of restaurant space, capitalizing on the vibrant retail corridor. Residential amenities include a gym, courtyard, storage, bicycle parking, a rooftop deck with a pool and pickleball court, and stunning views of the city, mountains, and ocean. The project's net rentable area is 42,223 sq ft, with a zoning floor area of 53,371 sq ft. The asking price is $6,295,000, representing a price per buildable door of approximately $87,430 and a price per square foot of land at $383. The property is exempt from CEQA and offers a streamlined entitlement process, with the potential for approval within 12 months via a parallel plan check. Currently, the existing buildings generate approximately $29,000 in gross monthly income from short-term and month-to-month tenancies. APN: 4235-024-005 and 4235-024-006.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,085,000
- ML approach
- $2,110,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,967,000
Market price range: $665k - $1.97M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,525,000 Current use
- AUTO REPAIR, GARAGE
- $1,740,000 Change: +14% Conversion: Difficult
- OFFICE BUILDING
- $1,605,000 Change: +5% Conversion: Easy
- MEDICAL BUILDING
- $1,455,000 Change: -4% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,355,000 Change: -11% Conversion: Difficult
- RETAIL STORES
- $1,315,000 Change: -14% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.43
- Latitude
- 34.0053
- 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
$29,462
$2,274,600
$122,400
$2,397,000
-
$0.00
$0.00
$0.00
