12028-12032 Venice Blvd - Apartments FOR SALE
Los Angeles, CA 90066 |
12028-12032 Venice Blvd
Los Angeles, CA 90066
HIGHLIGHTS
- On the same block as the Mar Vista Farmers Market, minutes from Venice Beach, Abbot Kinney, and Marina del Rey.
- Front building with 2 retail stores, 7 office suites, and 4 residential units above; rear building with 2 residential units.
- Two one-car garages with opportunity to convert into ADUs.
- 8,200 SF C2 TOC Tier 2 parcel allows 30–32 units
- All tenants month-to-month, providing repositioning opportunities.
- In-place cap rate of 6.09% with potential to reach 10.11% upon leasing vacant units, offering ±72% total rent upside.
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
ADD'L SUBTYPES
Storefront Retail/Residential, Office/Residential
TOTAL BUILDING SIZE
6194
STORIES
2
YEAR BUILT
1960
PARKING SPACES
17
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
4235-024-005
