12028 Venice BLVD, Los Angeles, CA 90066 – 24354063

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Sean Beattie Jr.

BRIVIO Realty Inc

info@seanbeattiejr.com +1(415) 845-8732

$2,695,000

Est. payment - /mo

6 Beds

6 Baths

6,194 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,194 sqft

Price per Sqft $435

MLS Listing ID 24354063

Bedrooms 6

HOA Y/N No

Year Built 1960

Lot Size 8,245 Sqft

Property Description

Prime Mar Vista mixed-use investment opportunity featuring six residential units, two retail storefronts, seven small one-room commercial offices, and two one-car garages, all situated on an 8,200 sq. ft. C2 TOC Tier 2 zoned parcel. The property currently has one vacant residential unit and two vacant office suites, while the remaining tenants are all month-to-month. The front building includes two retail stores, seven small offices, and four residential units above, while the rear building offers two additional residential units. Two one-car garages between the buildings present excellent ADU conversion potential. With an in-place cap rate of 5.8% (once three vacancies are filled); and a pro forma cap rate of 10% once building is stabilized, this is the best value in Mar Vista. The zoning allows development of 3032 units on-site or up to approximately 74 units when combined with the neighboring 12034 Venice Blvd. Located on the same block as the Mar Vista Farmers Market and surrounded by popular eateries, coffee shops, and boutique retailers, the property offers unmatched neighborhood appeal, with Venice Beach, Abbot Kinney, and Marina del Rey just minutes away.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAC2

Interior

Fireplace No

Exterior

Parking Features One Space, Side By Side, Uncovered

Total Parking Spaces 17

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4235024005

Special Listing Condition Standard

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Listed by Oron Maher Maher Commercial Realty

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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12028 Venice BLVD Los Angeles, CA 90066

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

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Others

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