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

    8737 Venice Blvd Los Angeles, CA 90034

    • Office buildings
    • 4,608 SF
    • 0.11 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-7069761
    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

    • Jill Lummus PsyD / Physician / Medical Clinic
    • Liquor License Brokers / Business To Business Service
    • Fouquette Commercial Real Estate / Real Estate Agency
    • L.A Foodservice Design / Consultant / Architectural Designer
    • Conditional Use Permits / Business To Business Service

    Property Details for 8737 Venice Blvd

    Year built
    1964
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    4,608 SF
    Zone code
    LAC2
    Property type
    Office buildings
    APN
    4312-004-026
    APU
    4312004026

    Description

    This exceptional creative office space at 8737 Venice Blvd in Los Angeles, CA, offers a unique opportunity for businesses seeking flexible and inspiring work environments. The two-story building, constructed in 1964 and extensively renovated in 2015, boasts a total of 5,000 square feet and comprises eight individual suites. Currently, 756 square feet of space is available for lease, with individual suites ranging from a minimum of 298 square feet to a maximum contiguous space of 458 square feet. The property is zoned LAC2 and features ample parking with six spaces available for tenants. Located in the vibrant Los Angeles area, with easy access to major transportation routes, this property provides a convenient and desirable location for businesses of all sizes. Utilities are serviced by the Department of Water and Power (DWP). The Los Angeles County Assessor's Parcel Number (APN) is 4312-004-026. This is an ideal opportunity for businesses seeking a modern, well-maintained, and conveniently located creative office space in a thriving Los Angeles neighborhood. The building's multiple tenancy structure allows for flexibility in lease terms and space requirements. Inquire today to learn more about leasing options and secure your ideal workspace. The zip code is 90034.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,094,000
      Market price range: $1.09M - $3.65M

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

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.384
    Latitude
    34.0324
    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
    $7,058
    $461,083
    $67,615
    $528,698
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $790,000
      3,940 SF

      3623 Motor Ave

      OFFICE BUILDING • 3,940 SF
      3623 Motor Ave, Los Angeles, CA 90034-5701
      View Details
    • Value Estimation by Request
      330 SF

      8865 Venice Blvd

      OFFICE BUILDING • 330 SF
      8865 Venice Blvd, Los Angeles, CA 90034-3222
      View Details
    • Value Estimation by Request
      181,752 SF

      3415 Sepulveda Blvd

      OFFICE BUILDING (MULTI-STORY) • 181,752 SF
      3415 Sepulveda Blvd, Los Angeles, CA 90034-6060
      View Details
    • Value Estimation
      $8,725,000
      23,427 SF

      5901 Venice Blvd

      PROFESSIONAL BUILDING • 23,427 SF
      5901 Venice Blvd, Los Angeles, CA 90034-1708
      View Details
    • Value Estimation
      $1,105,000
      5,039 SF

      1959 La Cienega Blvd

      PROFESSIONAL BUILDING • 5,039 SF
      1959 La Cienega Blvd, Los Angeles, CA 90034-1601
      View Details
    • Value Estimation
      $755,000
      2,600 SF

      1941 La Cienega Blvd

      OFFICE BUILDING • 2,600 SF
      1941 La Cienega Blvd, Los Angeles, CA 90034
      View Details

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    Similar Nearby for Lease

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      Leased Office Building in Los Angeles

      100% leased office building. No current availability.
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      View Details
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      4,000 SF

      Venice Blvd Creative Office Space

      4,000 SF Creative Office for Lease
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      View Details
    • $2 SF/Yr
      5,427 SF

      La Cienega Boulevard Flex Space

      Creative office, flex, showroom, or gallery space for lease.
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      Venice Blvd Office Space

      Office unit available for rent on Venice Blvd, Los Angeles.
      8727 Venice Blvd, Los Angeles, CA 90034
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    • $3 SF/Yr
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      Creative Office Space Available

      Furnished creative office space for sublease through 2026.
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    • $31 SF/Yr
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      Prime LA Executive Office Space

      Modern Suites, Abundant Parking, 12,100 SF Available
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      View Details
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    8737 Venice Blvd
    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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