Overview
- Retail
- 1925
Description
Investor Opportunity – Prime Development & Value-Add Asset
Exceptional investment opportunity to reposition and maximize the land value of a 9,292 sq. ft. lot featuring a standalone retail building with frontage on Venice Boulevard. This high-visibility corner property benefits from strong street exposure and convenient access, located in a high-traffic area with excellent long-term growth potential.
The property is zoned LAC1 and was originally configured as eight (8) retail units with eight (8) bathrooms. It is currently operated as five (5) units, offering a value-add opportunity to reconfigure back to the original eight-unit layout. All five units are fully occupied with a mix of lease terms. The property includes addresses 2030, 2032, 2034, 2038, and 2042.
The current gross annual income is $ 78,600.00. Operating expenses are minimal, with annual expenses approximately $ 11,908.00. Each unit is separately metered for electricity, with tenants responsible for their own power usage.
Address
Open on Google Maps- Address Venice
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90006
Details
Updated on April 28, 2026 at 6:08 am- Property ID: HZSR26091212
- Price: $1,700,000
- Year Built: 1925
- Property Type: Retail
- Property Status: CommercialSale
- Listed by: Surin Poommai
- DRE #: 01354205
- Contact Mail: surincentury21@gmail.com
- Brokered by: Rise Realty
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