12900 Venice Boulevard, Los Angeles, CA, 90066

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$4,495,000
5 Days On Site

12900 Venice Boulevard
Los Angeles, CA 90066

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
4,350
SqFt
$1,033
/SqFt
1955
Built
County:
Los Angeles
Listed by Jeff Berris of Hilton & Hyland [email protected]
12900 Venice Boulevard12900 Venice Boulevard12900 Venice Boulevard12900 Venice Boulevard
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Monthly Payment (Est.)

$20,508
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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.

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Listing Snapshot
Price 
$4,495,000
Days On Site 
5 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,350 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1241 Acres
Year Built 
1955
MLS® Number 
25549997
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoListing updated with changes from the MLS®
5 days agoListing first seen on site
General Features
Acres 
0.1241
Number Of Stories 
1
Parking Spaces 
6
Property Sub Type 
Mixed Use
Security 
Smoke Detector(s)
Special Circumstances 
Standard
SqFt Total 
4350
Utilities 
Electricity AvailableNatural Gas Available
Water Source 
Public
Zoning 
LAC2
Interior Features
Cooling 
Heating 
BaseboardCentralElectricNatural Gas
Laundry Features 
Laundry Closet
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Exterior Features
Construction Details 
Stucco
Lot Features 
Corner LotNear Public TransitRectangular Lot
Roof 
FlatMansard
Community Features
Financing Terms Available 
Cash
MLS Area 
C13 - Palms - Mar Vista


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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