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$5,225,000
Est. payment /mo
6,830 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,830 sqft
Price per Sqft $765
MLS Listing ID 26863223
HOA Y/N No
Year Built 1954
Lot Size 8,001 Sqft
Property Description
WESTMAC Commercial Brokerage Company is pleased to present the opportunity to purchase 12926 Venice Boulevard, a well positioned mixed use retail and live/work or creative office investment located in the highly desirable Venice submarket of Los Angeles. The property consists of approximately 7,968 square feet situated on approximately 7,998 square feet of land and features three ground floor retail suites along with an approximately 3,000 square foot fully renovated second floor penthouse opportunity ideal for an owner user, live/work occupancy, or creative office use.Positioned on the Southwest corner of Venice Boulevard and Lyceum Avenue, the property benefits from strong visibility, consistent vehicular traffic, and immediate access to surrounding Westside neighborhoods including Venice, Mar Vista, Santa Monica, and Culver City. The penthouse additionally features exclusive access to an approximately 2,000 square foot private rooftop deck not included in the building square footage, creating approximately 5,000 square feet of total indoor/outdoor penthouse space. The rooftop deck is exclusively designated for the penthouse space and is not accessible to the ground floor tenants. The property additionally includes rear on site parking for approximately nine (9) vehicles.The property is occupied by a curated mix of retail and service oriented tenants including Angel City Pizza, re_grocery, and Enter Martial Arts, creating strong tenant synergy and an activated street presence along Venice Boulevard. Existing leases include scheduled rental increases, tenant reimbursements, and limited landlord responsibilities, providing stable in place income.The offering is currently stabilized by the ground floor retail tenancy and includes a vacant 3,000 square foot second floor penthouse opportunity ideal for an owner user to live/work while benefiting from the existing income generated by the ground-floor retail tenants.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Heating Heat Pump
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator
Exterior
Parking Features Private
Total Parking Spaces 9
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236012037
Special Listing Condition Standard
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Listed by Timothy Macker Timothy C. Macker Jr. #01232033
Nearby Locations
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