New search
Property profile & analytics
FOR LEASE
Retail space
12109 Ventura Pl Studio City, CA 91604
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7934206
For Lease
1 / 76
Contact for pricing
12109 Ventura Pl, Studio City, CA 91604
View Listing →
Property summary
AI-generated overview
This exceptional Los Angeles County retail property, located at 12109 Ventura Place, 91604, offers 5,348 square feet of vacant space in a highly desirable location. The building, constructed in 1937, features two suites, with a minimum divisible space of 1,221 square feet and a maximum contiguous space of 4,127 square feet. Ideal for multiple tenants or a single large occupant, this property boasts high ceilings (20' clearance height, 18' drop ceiling with potential for 28' exposed bow trusses). The property benefits from significant pedestrian traffic seven days a week, due to its proximity to a weekly farmers market and the CBS Studios headquarters. Its prime location on Ventura Place places it alongside established businesses such as Alfred Coffee, SoulCycle, and Joan's on Third. Limited parking is available, with a ratio of 0.56 spaces per 1,000 square feet. This is a rare opportunity to secure a flagship location in a thriving Studio City neighborhood. The property is zoned for retail and restaurant uses.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1937
Construction
WOOD
Total area
4,122 SF
Lot
0.11 ac (4,785 SF)
Zoning code
LAC2
APN
2368-002-015
UPID
US09-7934206
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ventura Hobby LLC · 3 yrs held
Ventura Hobby LLC
since 2022
Last sale
$450,004
5 recorded transactions
Zoning & alternative use
LAC2 · 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
—
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
$75,348
Tax year 2024
Assessed value
$6,120,000
Assessed 2024
Previous assessed
$6,120,000
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$4,528,800
Assessed improvement
$1,591,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1937
Construction
WOOD
Heating
NONE
Stories
1
Total area
4,122 SF
Lot
0.11 ac (4,785 SF)
Zoning code
LAC2
APN
2368-002-015
UPID
US09-7934206
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.
Building & site characteristics
From public records
Year built
1937
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ventura Hobby LLC
Entity
Free & Clear · 3 yrs held
Mailing address
627 N CRES DR, BEVERLY HILLS, CA 90210-3329
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2024
—
Ventura Hobby LLC
—
Deed
related
$5,365,000 · East West Bank
Nov 29, 2022
$450,000
Ventura Hobby LLC
Hobby Shop Ventura Place LLC
Grant Deed
—
Dec 17, 2021
$5,893,000
Hobby Shop Ventura Place LLC
Gussie P Sitkin
Grant Deed
$4,050,000 · Fh Distributors
Nov 13, 2020
—
Sitkin,joseph Decedents Trust
Sitkin J & G P Trust
Quit Claim Deed
related
—
Aug 15, 2003
—
Sitkin,tr
Sitkin,tr
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
