New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,645,000
Community centers
12038 Ventura Blvd, Studio City, CA 91604-2608
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-6200813
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1955
Total area
41,441 SF
Lot
3.66 ac (159,242 SF)
Zoning code
LAP
APN
2369-015-016
UPID
US09-6200813
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
-
EvolvCycle Cycling Facility Gym & Fitness Center
-
OrgLife Pharmacy & Compounding Pharmacy
-
Good Guys Carpet Cleaning Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.65M
Owner & transaction history
Studio City Plaza Ltd · 27 yrs held
Studio City Plaza Ltd
since 1999
4 recorded transactions
Zoning & alternative use
LAP · Studio City, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$160 / 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
$68,995
Tax year 2024
Assessed value
$3,446,061
Assessed 2024
Previous assessed
$3,446,061
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$1,442,882
Assessed improvement
$2,003,179
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1955
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
41,441 SF
Lot
3.66 ac (159,242 SF)
Zoning code
LAP
APN
2369-015-016
UPID
US09-6200813
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAP · Studio City, CA
Zoning LAP · permitted uses
LAP · 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.
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
3.66 ac
Current owner
From public records · entity-resolved
Studio City Plaza Ltd
Entity
Mailing address
1200 WILSHIRE BLVD STE #208, LOS ANGELES, CA 90017-1931
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 1999
—
Studio City Plaza Ltd
Bankers Trust Co California NA
Grant Deed
$5,800,000 · Aid Association For Lutheran
Dec 8, 1992
—
Guardian Trust Company Tr
—
Deed Of Trust
related
—
Apr 27, 1992
—
Union Bank Tr
—
Deed Of Trust
related
—
—
—
Studio City Plaza Ltd
—
Deed Of Trust
related
$5,500,000 · Miscellaneous Ins Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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