Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12971 Ventura Blvd Studio City, CA 91604

    • Parking lots & garages
    • 6,650 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 30, 2022
    $4,150,041
    Value Estimations
    $3,325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-6197544
    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.

    Current Use by Public Records

    • Parking lots & garages

    Property Details for 12971 Ventura Blvd

    Year built
    1954
    Lot size
    0.16 lot acres
    Property size
    6,650 SF
    Zone code
    LAR3
    Property type
    Parking lots & garages
    APN
    2375-022-049
    APU
    2375022049

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,325,000
      ML approach
      $3,225,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $5,235,000
      OFFICE BUILDING
      $4,715,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Studio City
    County
    Los Angeles
    State
    California
    Longitude
    -118.416
    Latitude
    34.1462
    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
    $17,991
    $1,456,560
    $15,606
    $1,472,166
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $175,000
      0.68 Acres

      Studio City, CA 91604

      PARKING LOT • 0.68 Acres
      Studio City, CA 91604
      View Details
    • Value Estimation
      $165,000
      6,700 SF

      Studio City, CA 91604

      PARKING LOT • 6,700 SF
      Studio City, CA 91604
      View Details
    • Value Estimation
      $135,000
      4,100 SF

      Studio City, CA 91604

      PARKING LOT • 4,100 SF
      Studio City, CA 91604
      View Details
    • Value Estimation
      $150,000
      2,750 SF

      Studio City, CA 91604

      PARKING LOT • 2,750 SF
      Studio City, CA 91604
      View Details
    • Value Estimation
      $1,455,000
      2,750 SF

      11930 Ventura Blvd

      PARKING LOT • 2,750 SF
      11930 Ventura Blvd, Studio City, CA 91604-2606
      View Details
    • Value Estimation
      $150,000
      4,100 SF

      Studio City, CA 91604

      PARKING LOT • 4,100 SF
      Studio City, CA 91604
      View Details

    Similar Nearby for Sale

    • $5,595,000
      5,240 SF

      Ventura Blvd Restaurant - Studio City

      Prime Restaurant, 5,240 SF, High NOI
      12616 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • $395,000

      Studio City Bistro and Cake House

      Bistro and Cake House in Studio City for sale.
      12930 Ventura Blvd, Studio City, CA 91604
      View Details
    • $2,100,000

      Retail Property in Los Angeles

      Retail property for sale; buyer to verify square footage.
      12417 Ventura Ct, North Hollywood, CA 91604
      View Details
    • $2,895,000
      5,988 SF

      Studio City Commercial Property For Sale

      Commercial property in Studio City with retail and apartment space.
      3783-3785 Cahuenga Blvd West, Studio City, CA 91604
      View Details
    • $249,000

      Turnkey Bistro and Bar Opportunity

      Turnkey bistro and bar for sale in Studio City.
      10964 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • $3,250,000
      6,374 SF

      Studio City Mixed-Use Investment

      Prime Studio City location, high NOI.
      4340 Laurel Canyon Blvd, Los Angeles, CA 91604
      View Details

    Similar Nearby for Lease

    • $46 SF/Yr
      3,725 SF

      Studio City Office & Retail Spaces

      Prime location, multiple units available.
      12206 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • Contact for pricing
      1,230 SF

      Studio City Retail Space Available

      Second floor retail space available in Studio City, California.
      4070-4074 Laurel Canyon Blvd, Studio City, CA 91604
      View Details
    • $39 SF/Yr
      17,917 SF

      Ventura Blvd Retail Space Available

      Prime Studio City storefront, 900-980 sqft.
      11837-11855 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • $3 SF/Yr
      4,475 SF

      Ventura Blvd Executive Office Suite

      Prime Los Angeles Office Space Available
      12430 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • $2 SF/Yr
      5,773 SF

      Ventura Blvd Retail Space For Lease

      Studio City Storefront - 1,500 SF Available
      11440 Ventura Blvd, Los Angeles, CA 91604
      View Details
    • $2 SF/Yr
      580 SF

      Retail Space on Ventura Blvd

      Retail space available for lease on Ventura Blvd.
      12265 Ventura Blvd, Studio City, CA 91604
      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.
    12971 Ventura Blvd
    Studio City, CA 91604
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.