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    8524 Venice Blvd Los Angeles, CA 90034
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    Property profile & analytics

    8524 Venice Blvd, Los Angeles, CA 90034

    View on Map
    • Retail space
    • 2,232 SF
    • 0.06 lot acres
    Off-Market
    Last Sale Feb 18, 2021
    Property ID
    US09-7467671
    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
    $740,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 8524 Venice Blvd

    Year built
    1948
    Construction
    WOOD
    Lot size
    0.06 lot acres
    Zone code
    LAC2
    Property type
    Retail space
    APN
    5065-007-032
    APU
    5065007032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 18, 2021 — Bbd Venice 26 LLC David T Azizt Grant Deed —
    Nov 4, 2016 — Extra Space Of Culver City LLC 8524 Venice LLC Quit Claim Deed · related —
    Nov 4, 2016 $800,000 David T Azizi 8524 Venice LLC Grant Deed $600k · Wells Fargo Bank NA
    Jan 3, 2005 — 8524 Venice LLC Davis,kenneth F Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $865,000
      6.5%
      $795,000
      7%
      $740,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $915,000
      Current use
      AUTO REPAIR, GARAGE
      $1,215,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $1,120,000
      Change: +22% Conversion: Easy
      MEDICAL BUILDING
      $1,015,000
      Change: +11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $995,000
      Change: +9% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $945,000
      Change: +3% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.379
    Latitude
    34.0342
    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
    $11,261
    $796,478
    $113,781
    $910,259
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,512 SF

      10943 Venice Blvd

      RETAIL STORES (PERSONAL SERVICES)
      10943 Venice Blvd, Los Angeles, CA 90034-7015
      View Details
    • Value Estimation
      $980,000
      1,250 SF

      8559 Venice Blvd

      RETAIL STORES (PERSONAL SERVICES)
      8559 Venice Blvd, Los Angeles, CA 90034-2548
      View Details
    • Value Estimation
      $900,000
      2,695 SF

      2824 Robertson Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2824 Robertson Blvd, Los Angeles, CA 90034-2406
      View Details
    • Value Estimation
      $610,000
      2,200 SF

      2363 Robertson Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2363 Robertson Blvd, Los Angeles, CA 90034-2049
      View Details
    • Value Estimation
      $825,000
      2,838 SF

      2803 Robertson Blvd

      RETAIL STORES (PERSONAL SERVICES)
      2803 Robertson Blvd, Los Angeles, CA 90034-2405
      View Details
    • Value Estimation by Request
      2,754 SF

      11007 Venice Blvd

      RETAIL STORES (PERSONAL SERVICES)
      11007 Venice Blvd, Los Angeles, CA 90034-6913
      View Details

    Similar Nearby for Sale

    • $1,795,000

      Mixed-Use Development Parcel in Los Angeles

      Entitled development parcel for mixed-use building with retail and apartments.
      2502 S Robertson Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      1,325 SF

      Freestanding Commercial Building

      Move-in ready freestanding building with skylit open interior, recent HVAC upgrades, and direct rear patio access.
      8560 Venice Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      7,102 SF

      High-Visibility Retail Space Available

      Retail space with high traffic and development potential.
      8953 Venice Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      2,022 SF

      Venice Blvd Retail Investment Opportunity

      Single tenant retail property with street exposure and parking.
      10939 Venice Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      15,000 SF

      15,000 SF Lot with Building

      15,000 SF lot with 1,600 SF building for sale.
      3328-3332 Motor Ave, Los Angeles, CA 90034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,773 SF

      Retail Space in Palms Neighborhood

      Retail spaces available in a new mixed-use apartment complex.
      3568 Motor Ave, Los Angeles, CA 90034
      View Details
    • Contact for pricing
      757 SF

      Retail Space Available For Rent

      Retail space available for rent in Los Angeles, CA.
      3379-3383 Robertson Pl, Los Angeles, CA 90034
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Second generation retail and office space available for lease.
      10401 Venice Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing

      Prime La Cienega Retail Space

      Retail space for lease on La Cienega Boulevard.
      1976 S La Cienega Blvd, Los Angeles, CA 90034
      View Details
    • Contact for pricing

      Retail Space on Venice Blvd

      Single tenant retail space available for rent in Los Angeles.
      8520 Venice Blvd, Los Angeles, CA 90034
      View Details
    • $2 SF/Yr
      4,000 SF

      La Cienega Boulevard Flex Space

      Creative office, flex, showroom, or gallery space for lease.
      Los, Los Angeles, CA 90034
      View Details
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    Los Angeles, CA 90034
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    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
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