Lucrum Real Estate Group is pleased to present 12513 & 12515 Venice Blvd., a well-located mixed-use retail investment opportunity in the heart of Mar Vista—one of Los Angeles’ most desirable Westside neighborhoods. This pride-of-ownership asset offers investors a rare combination of immediate in-place income, flexible tenancy, and meaningful revenue upside through lease restructuring, positioning it as a compelling opportunity within a highly supply-constrained commercial corridor.
Originally constructed in the 1950s, the property consists of two attached inline retail buildings totaling approximately ±5,356 square feet, situated along a prominent stretch of Venice Boulevard. Each building is separately metered for utilities, features HVAC, and is located on its own parcel with separate APNs. Zoned LAC2, the property provides favorable commercial flexibility for retail, office, service-oriented, or future repositioning uses.
12513 Venice Blvd. comprises approximately ±2,730 square feet and is currently occupied by a ground-floor yoga studio. The second floor features a spacious residential apartment consisting of a large one-bedroom, one-bath + den layout. The unit is individually metered and includes central heating and air conditioning, along with a large private enclosed rear outdoor area exclusive to the unit, which may also accommodate parking.
12515 Venice Blvd. comprises approximately ±2,626 square feet and includes a retail storefront in the front with a learning center in the rear. The second floor contains a loft-style office space suitable for creative or administrative use. The building is individually metered, equipped with central heating and air conditioning, and benefits from a large private enclosed rear outdoor area serving the premises, which may also be converted to parking.
In addition, CBS leases the on-site billboard positioned along Venice Boulevard, providing ancillary income to ownership.
All tenants are currently operating on month-to-month gross leases. A new owner has the opportunity to capture meaningful NOI growth by transitioning leases to a traditional NNN structure, reducing operating expenses currently paid by ownership and repositioning the property to market rental terms.
Tenants
* Seller has advised that a ground-floor retail tenant has subleased the space above for residential use without Seller’s consent, in violation of the master lease. Seller makes no representations regarding legality of use, tenant rights, zoning compliance, certificate of occupancy, or rent stabilization applicability. Buyer to conduct its own investigation.
Mar Vista has emerged as one of the Westside’s most resilient and supply-constrained neighborhoods, strategically positioned between Venice, Culver City, and Santa Monica. Its central location provides direct access to major employment centers and coastal communities, supporting consistent consumer traffic and long-term commercial viability. Limited available storefront inventory along primary corridors has reinforced tenant demand within the submarket.
Venice Boulevard functions as a key east–west artery connecting Downtown Culver City to the coast, delivering strong daily visibility and established retail frontage. The corridor supports a curated mix of dining, wellness, professional services, and neighborhood-serving retail that attracts both local residents and Westside commuters.
With stable surrounding residential density, continued Westside employment growth, and sustained interest from experiential and service-oriented tenants, the Venice Boulevard corridor presents durable fundamentals for long-term income preservation and strategic repositioning.
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