10401-10419 Venice Blvd - Storefront Retail/Office FOR SALE


Los Angeles, CA 90034- Palms
$10,750,000 USD
310-458-4100
10401-10419 Venice Blvd, Los Angeles, CA for Sale
$10,750,000 USD
Storefront Retail/Office - FOR SALE
1/23
null | Request Cap Rate

10401-10419 Venice Blvd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • Prime to convert 2nd floor offices to apartments, 100% leased retail portion. Ideal owner user for creative space or medical.

OVERVIEW

Office Owner-User Opportunity: Perfect for owner-user creative office or medical uses. The entire 2nd floor of approximately 15,000 SF is available. Apartment Opportunity: May be able to convert second-floor offices to apartments. The building is engineered to add a 3rd floor for additional apartments according to the ownership. Buyer is advised to verify. Redevelopment Opportunity: 23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor). 23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor). Alleys in the rear and west side of the building. 25,346 SF 2-story retail and office building built in 1987/88. Buyer to verify. 140’ of linear frontage on Venice Boulevard. 108’ on Motor Avenue. 9 Retail spaces on the ground floor totaling 10,346 SF. Buyer to verify. The 2nd Floor has numerous windows, natural light, and private patios. Elevator from the garage and ground floor to the 2nd floor. Available Space Office: Up to 15,000 SF of available space on the 2nd floor. Retail: 9 street-level retail spaces. 100% leased. Parking 28 ground-level retail parking spaces. 45 office parking spaces in an underground garage. Buyer to verify. Contact listing brokers for income and expenses.

FOR SALE DETAILS

PRICE

$10,750,000 USD

PRICE/SF

$424 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Venice Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Loft/Creative Space, Medical, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

MU (EC)

APN/PARCEL ID

4314-003-039

ASK ABOUT THIS PROPERTY

Vincent MuselliMuselli Commercial RealtorsMore Info
310-458-4100

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Vincent MuselliMuselli Commercial RealtorsMore Info
310-458-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.