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Property profile & analytics
OFF-MARKET
Estimated value
$4,910,000
Parking lots & garages
12144 Ventura Blvd Studio City, CA 91604-2514
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-6205613
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1960
Total area
7,880 SF
Lot
0.18 ac (7,986 SF)
Zoning code
LAR4
APN
2369-014-009
UPID
US09-6205613
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
-
Wasteland Discount Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.91M
Owner & transaction history
Redwood Peak LLC · 4 yrs held
Redwood Peak LLC
since 2021
Last sale
$5.3M
3 recorded transactions
Zoning & alternative use
LAR4 · 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
Method
Estimation
Statistic approach
$4,595,000
ML approach
$4,445,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$6,690,000
Current use
RETAIL STORES
$6,205,000
Change: -7% · Conversion: Difficult
OFFICE BUILDING
$5,590,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.91M
Range $4.42M – $5.40M · ±10% · vs last sale $5.30M (Sep 28 2021)
Last sale anchor
$5.30M
Sep 28 2021
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
$623 / 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
$20,466
Tax year 2024
Assessed value
$1,631,159
Assessed 2024
Previous assessed
$1,631,159
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$1,625,957
Assessed improvement
$5,202
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1960
Heating
NONE
Total area
7,880 SF
Lot
0.18 ac (7,986 SF)
Zoning code
LAR4
APN
2369-014-009
UPID
US09-6205613
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR4 · Studio City, CA
Zoning LAR4 · permitted uses
LAR4 · 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
PARKING LOT Current
Est. value
$6.7M
RETAIL STORES
Est. value
$6.2M
OFFICE BUILDING
Est. value
$5.6M
PARKING LOT Current
RETAIL STORES
OFFICE 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
1960
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
Redwood Peak LLC
Entity
Free & Clear · 4 yrs held
Mailing address
21650 BURBANK BLVD UNIT #110, WOODLAND HILLS, CA 91367-6471
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2021
$5,300,000
Redwood Peak LLC
Marcie Rothman
Grant Deed
—
May 18, 2016
—
Rita Rothman
Grove Ranch LLC
Quit Claim Deed
—
Aug 12, 2009
—
Rita C Rothman
Rothman Shirley
Quit Claim Deed
—
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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