12109 Ventura PlLos Angeles, CA 91604

Property Details for 12109 Ventura Pl

Year built

1937

Construction

WOOD

Lot size

0.11 AC

Property size (Sq ft)

4,122 SF

Zone code

LAC2

Property type

Retail properties

Property subtype

Retail space

APN

2368-002-015

APU

2368002015

Description

This exceptional Los Angeles County retail property, located at 12109 Ventura Place, 91604, offers 5,348 square feet of vacant space in a highly desirable location. The building, constructed in 1937, features two suites, with a minimum divisible space of 1,221 square feet and a maximum contiguous space of 4,127 square feet. Ideal for multiple tenants or a single large occupant, this property boasts high ceilings (20' clearance height, 18' drop ceiling with potential for 28' exposed bow trusses). The property benefits from significant pedestrian traffic seven days a week, due to its proximity to a weekly farmers market and the CBS Studios headquarters. Its prime location on Ventura Place places it alongside established businesses such as Alfred Coffee, SoulCycle, and Joan's on Third. Limited parking is available, with a ratio of 0.56 spaces per 1,000 square feet. This is a rare opportunity to secure a flagship location in a thriving Studio City neighborhood. The property is zoned for retail and restaurant uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,754,046

  6.5%

  $1,619,119

  7%

  $1,503,468

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,975,276

  Geo Method

  $1,975,276

• Alternative Use

  Use

  Valuation

  Residential

  $1,365,788

  Hospitality

  $1,251,054

  Educational

  $1,040,862

  Medical

  $1,076,659

  Retail

  $1,619,119

Location Insight

City

Studio City

County

Los Angeles

State

California

Latitude

34.1451

Longitude

-118.395

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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