Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12515 Venice Blvd Los Angeles, CA 90066-3701

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12515 Venice Blvd Los Angeles, CA 90066-3701

    View on Map
    • Retail space
    • 2,626 SF
    • 0.07 lot acres
    Off-Market
    Property ID
    US09-8534183
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 826LA & The Mar Vista Time Travel Mart / Charitable Organization / Social Service Agency

    Property Details for 12515 Venice Blvd

    Year built
    1924
    Construction
    TILT-UP CONCRETE
    Lot size
    0.07 lot acres
    Property size
    2,626 SF
    Zone code
    LAC2
    Property type
    Retail space
    APN
    4246-026-005
    APU
    4246026005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.435
    Latitude
    34.0033
    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
    $7,404
    $348,471
    $236,958
    $585,429
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,295,000
      3,924 SF

      13365 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,924 SF
      13365 Washington Blvd, Los Angeles, CA 90066-5134
      View Details
    • Value Estimation
      $1,380,000
      4,180 SF

      12701 Washington Pl

      RETAIL STORES (PERSONAL SERVICES) • 4,180 SF
      12701 Washington Pl, Los Angeles, CA 90066-4103
      View Details
    • Value Estimation by Request
      428 SF

      4115 Centinela Ave

      RETAIL STORES (PERSONAL SERVICES) • 428 SF
      4115 Centinela Ave, Los Angeles, CA 90066
      View Details
    • Value Estimation
      $3,695,000
      22,848 SF

      3760 Centinela Ave

      RETAIL STORES (PERSONAL SERVICES) • 22,848 SF
      3760 Centinela Ave, Los Angeles, CA 90066-3126
      View Details
    • Value Estimation
      $845,000
      3,145 SF

      3831 Grand Vw Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,145 SF
      3831 Grand Vw Blvd, Los Angeles, CA 90066-4405
      View Details
    • Value Estimation
      $875,000
      5,016 SF

      12517 Washington Blvd

      RETAIL STORES (PERSONAL SERVICES) • 5,016 SF
      12517 Washington Blvd, Los Angeles, CA 90066-5505
      View Details

    Similar Nearby for Sale

    • $4,150,000
      5,356 SF

      Retail Property in Mar Vista

      Two attached commercial buildings in a high-traffic Los Angeles location.
      12513 Venice Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      19,431 SF

      Entitled Mixed-Use Development Opportunity

      Fully entitled mixed-use project in Culver West neighborhood.
      12727 W Washington Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      688 SF

      Retail Property on Washington Boulevard

      Retail property with parking in a vibrant Los Angeles location.
      13122 W Washington Blvd, Los Angeles, CA 90066
      View Details
    • $4,150,000

      Mar Vista Retail Property

      Retail property in Mar Vista neighborhood of Los Angeles.
      12513 Venice Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      1,350 SF

      West Los Angeles Commercial Property

      Highly visible commercial property in the heart of West Los Angeles.
      12124 Washington Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      5,075 SF

      Culver City Commercial Building

      Freestanding building with parking lot in a prime location.
      13110 W Washington Blvd, Los Angeles, CA 90066
      View Details

    Similar Nearby for Lease

    • $4 SF/Yr

      Prime Retail/Office Space Available

      High-visibility retail or office space in a vibrant Los Angeles location.
      11221 Venice Blvd, Los Angeles, CA 90066
      View Details
    • $4,500 /Mo

      Venice Boulevard Retail/Office Space

      New retail or office space with high ceilings and natural light.
      12027 Venice Blvd, Los Angeles, CA 90066
      View Details
    • $3 SF/Yr

      Retail/Office Space on Corner Lot

      Small retail or office space suitable for various businesses.
      11706 Culver Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing
      2,360 SF

      Retail Space Available For Lease

      Retail space available for lease in Los Angeles, CA.
      12740 Culver Blvd, Los Angeles, CA 90066
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail spaces available for lease in Los Angeles.
      12530 Beatrice St, Los Angeles, CA 90066
      View Details
    • Contact for pricing

      Culver City Retail/Office Space

      Retail or office space in prime Culver City location.
      12474 W Washington Blvd, Los Angeles, CA 90066
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12515 Venice Blvd
    Los Angeles, CA 90066-3701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    12515 Venice Blvd, Los Angeles, CA, 90066

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!