Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1677 12th Venice Blvd Los Angeles, CA 90006-4634
    Property profile & analytics

    1677 12th Venice Blvd, Los Angeles, CA 90006-4634

    View on Map
    • Community centers
    • 12,628 SF
    • 0.51 lot acres
    Off-Market
    Property ID
    US09-7063061
    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
    $3,955,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community centers

    Property Details for 1677 12th Venice Blvd

    Year built
    1988
    Construction
    TILT-UP CONCRETE
    Lot size
    0.51 lot acres
    Zone code
    LAC2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    5056-001-047
    APU
    5056001047

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 30, 2022 — Venicevermont Plaza LLC — Deed · related $2.6M · Union Bancal Mortgage Corp
    Sep 25, 2018 — Venicevermont Plaza LLC Venicevermont Plaza LLC Intrafamily Transfer · related $2.5M · Mufg Union Bank NA
    May 8, 2007 — Venice Vermont Plaza LLC Joo,dong K & Bok H Grant Deed —
    Aug 14, 2002 $3,450,000 Dong J Joo Mashian,bahman Grant Deed $2.2M · Pacific Union Bank
    May 3, 1996 $1,600,000 Bahman Mashian Venice & Vermont INC Grant Deed $1M · Standard Insurance Co
    Sep 25, 1995 $1,100,000 Venice & Vermont INC Lahijani,kaveh Trustees Deed —
    — — Venicevermont Plaza LLC — Loan Modification · related $2.8M · Wells Fargo Bk
    — — Venice Vermont Plaza LLC — Deed Of Trust · related $150k · Pacific City Bank
    — — Dong K Joo — Deed Of Trust · related $2.6M · Centerbank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,700,000
      6.5%
      $5,260,000
      7%
      $4,885,000

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $5,350,000
      Current use
      OFFICE BUILDING
      $6,340,000
      Change: +19% Conversion: Moderate
      MEDICAL BUILDING
      $5,755,000
      Change: +8% Conversion: Difficult
      RETAIL STORES
      $5,185,000
      Change: -3% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.291
    Latitude
    34.0446
    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
    $61,178
    $3,123,865
    $1,774,918
    $4,898,783
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,445,000
      12,832 SF

      1605 Hoover St

      MINI-MALL
      1605 Hoover St, Los Angeles, CA 90006-4963
      View Details
    • Value Estimation
      $2,640,000
      8,332 SF

      1134 Western Ave

      MINI-MALL
      1134 Western Ave, Los Angeles, CA 90006-2366
      View Details
    • Value Estimation
      $3,920,000
      15,547 SF

      2811 James M Wood Blvd

      MINI-MALL
      2811 James M Wood Blvd, Los Angeles, CA 90006-1701
      View Details
    • Value Estimation
      $2,750,000
      16,057 SF

      2100 11th St

      MINI-MALL
      2100 11th St, Los Angeles, CA 90006
      View Details
    • Value Estimation
      $3,380,000
      13,822 SF

      3007 Olympic Blvd

      MINI-MALL
      3007 Olympic Blvd, Los Angeles, CA 90006
      View Details
    • Value Estimation by Request
      223,467 SF

      928 Western Ave

      MINI-MALL
      928 Western Ave, Los Angeles, CA 90006-1000
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Koreatown Retail Investment Opportunity

      Multi-tenant retail property with significant upside potential in Koreatown.
      2546 West Pico Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      4,908 SF

      Koreatown Flex Building For Sale

      Flex building in Koreatown, suitable for various business uses.
      2990 W Pico Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      35,892 SF

      Mixed-Use Building in Pico Union

      43-unit mixed-use building with upside potential in Pico Union.
      2709 W Pico Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      12,960 SF

      Koreatown Mixed-Use Investment Opportunity

      18-unit mixed-use property in Koreatown with commercial and residential units.
      1252 S Lake St, Los Angeles, CA 90006
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Koreatown Retail or Medical Space

      High-traffic corner location ideal for retail or medical office.
      991 S Vermont, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      1,350 SF

      Retail/Office Space Corner Location

      Retail/office space with loading door access and 14' clearance.
      1657 Venice Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing

      High Visibility Olympic Blvd Location

      Prime location on Olympic Blvd, near Downtown L.A.
      2300 W Olympic Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing

      Retail Space for Rent

      Retail space available for rent in Los Angeles, CA.
      933 S Western Ave, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      717 SF

      Retail Space on Pico Boulevard

      Retail space available for rent on West Pico Boulevard.
      2105 W Pico Blvd, Los Angeles, CA 90006
      View Details
    • Contact for pricing
      3,536 SF

      Retail Space on Pico Blvd

      Ground floor retail space available for rent in Los Angeles.
      3057 W Pico Blvd, Los Angeles, CA 90006
      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.
    1677 12th Venice Blvd
    Los Angeles, CA 90006-4634
    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
    1677 12th Venice Blvd, Los Angeles, CA, 90006
    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!