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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
70 Venice Blvd Venice, CA 90291
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US10-0513066
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
WOOD
Total area
2,232 SF
Lot
0.06 ac (2,713 SF)
Zoning code
LARD1.5
APN
4226-014-016
UPID
US10-0513066
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
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$585k
Owner & transaction history
70 North Venice LLC · 1 yrs held
70 North Venice LLC
since 2025
7 recorded transactions
Zoning & alternative use
LARD1.5 · Venice, 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 Venice submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Venice 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$755,000
6.5%
$695,000
7%
$645,000
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
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
$262 / 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
$1,424
Tax year 2024
Assessed value
$92,229
Assessed 2024
Previous assessed
$92,229
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$42,749
Assessed improvement
$49,480
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
YES
Stories
1
Units
2
Total area
2,232 SF
Lot
0.06 ac (2,713 SF)
Zoning code
LARD1.5
APN
4226-014-016
UPID
US10-0513066
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LARD1.5 · Venice, CA
Zoning LARD1.5 · permitted uses
LARD1.5 · Venice, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Venice. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1940
Construction
WOOD
Heating
NONE
Cooling
Yes
Stories
1
Units
2
Lot
0.06 ac
Current owner
From public records · entity-resolved
70 North Venice LLC
Entity
Mailing address
PO BOX 403, SAN MATEO, CA 94401-0403
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
—
70 North Venice LLC
Simone H Scharff
Grant Deed
—
Feb 21, 2025
$2,500,000
Simone H Scharff
Kenneth H Fraser
Grant Deed
—
Sep 5, 2024
—
Kenneth H Fraser
—
Deed
related
$775,000 · Daniel E Vargas
May 11, 2022
—
Kenneth H Fraser
—
Deed
related
$450,000 · Mers Holding Ltd
Aug 26, 2021
—
Kenneth H Fraser
—
Deed
related
$335,000 · Mers Holding Ltd
Jul 10, 2020
—
Kenneth H Fraser
—
Deed
related
$215,000 · Mers Link 4
Oct 11, 2019
—
Kenneth H Fraser
—
Deed
related
$100,000 · Milestone Financial LLC
—
—
Kenneth H Fraser
—
Deed Of Trust
related
$215,000 · Mers Link 4
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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