10939 Venice Blvd - Bar FOR SALE


Los Angeles, CA 90034- Palms
$2,160,000 USD
424-421-3526
10939 Venice Blvd, Los Angeles, CA for Sale
$2,160,000 USD
Bar - FOR SALE
1/23
null | 5% Cap Rate

10939 Venice Blvd
Los Angeles, CA 90034
Palms


HIGHLIGHTS

  • World Famous Bigfoot West
  • 5% CAP with underpaying rent
  • Long term tenant with 8 years left

OVERVIEW

10939 Venice Boulevard is a prominent two-story commercial asset located in the heart of the vibrant Culver City/Palms submarket. Comprising approximately 2,202 rentable square feet, the building features a world-famous ground-floor bar with dedicated office space above. The property is currently offered at a 5% CAP rate, supported by a stable, long-term tenant on a below-market lease that provides significant future upside. This offering represents a rare opportunity to acquire a landmark building in one of the fastest-growing areas of West Los Angeles. As the home of Bigfoot West, the property benefits from a loyal local following and consistent foot traffic. The building’s unique “cabin” architecture provides exceptional street visibility, and the structure has been meticulously maintained, ensuring it remains a standout fixture in the neighborhood. Strategically positioned near major transit hubs and the expanding tech campuses of Culver City, the property is an ideal long-term investment. Its location in a high-demand corridor with limited inventory ensures steady appreciation as it continues to attract both residents and tourists. Additionally, the bar operator may be open to a sale of the business, offering a potential buyer the flexibility of a turnkey hospitality acquisition alongside the real estate. Type 48 Liquor License

FOR SALE DETAILS

PRICE

$2,160,000 USD

PRICE/SF

$981 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

LAC2

APN/PARCEL ID

4252-019-018

ASK ABOUT THIS PROPERTY

Shaya BravermanKW Commercial Beverly HillsMore Info
424-421-3526

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Shaya BravermanKW Commercial Beverly HillsMore Info
424-421-3526

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