Homes for sale - 12900 Venice BLVD, Los Angeles, CA 90066

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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$4,495,000

Est. payment - /mo

5,405 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25549997

HOA Y/N No

Year Built 1955

Lot Size 5,405 Sqft

Lot Dimensions Assessor

Property Sub-Type Mixed Use

Property Description

We are thrilled to present this exceptional opportunity in the heart of Mar Vista, located on the corner of one of West LA's most rapidly appreciating submarkets. This trophy property along the vibrant Venice Boulevard corridor offers a rare combination of value add potential with 50% upside in rents, or an exciting owner user restaurant or retail re-development, in a high-barrier-to-entry market. Currently, the properties are all leased to one family on an an absolute triple net basis. Tenant pays rent and all expenses, including repairs & maintenance, property taxes and insurance. One family member runs the market, another runs the cafe', and another lives in the apartment unit. The lease matures in July 2026 for all properties. Current rents are approximately 50% below market, which translates to big opportunity for the next owner. Great options for a new owner to: 1. Purchase, invest in interiors, and lease at market rents, or 2. Enlarge Cafe to over 2,600 sq. ft. by combining with attached unit & keep market free standing, or 3. Combine all three uses for over 4,300 sq ft of restaurant, retail or mixed-use space! Venice Blvd has over 47,000 cars per day passing by this location, great trendy restaurants and night life already exist on this intersection. First time on market in over 25 years! This is an exciting opportunity with strong upside, and can support flexible business plans for the properties.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAC2

Rooms

Other Rooms Living Quarters

Interior

Heating Baseboard, Central, Electric, Natural Gas

Fireplace No

Laundry Laundry Closet

Exterior

Utilities Available Electricity Available, Natural Gas Available

Roof Type Flat,Mansard

Total Parking Spaces 6

Building

Lot Description Corner Lot, Near Public Transit, Rectangular Lot, Street Level

Story 1

Water Public

Additional Building Living Quarters

Others

Tax ID 4236012038

Security Features Fire Detection System,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Jeff Berris • Hilton & Hyland

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

12900 Venice BLVD Los Angeles, CA 90066

Jessica Panzica

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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