3811 Beethoven St - Retail FOR SALE


Los Angeles, CA 90066- Mar Vista
$4,495,000 USD
310-623-0927
3811 Beethoven St, Los Angeles, CA for Sale
$4,495,000 USD
Retail - FOR SALE
1/12
null | 6.02% Cap Rate

NEW


3811 Beethoven St
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Rare combination of value add potential with 50% upside in rents, or an exciting owner user restaurant or retail re-development.
  • The lease matures in July 2026 for all properties.
  • First time on market in over 25 years!

OVERVIEW

We are thrilled to present this exceptional opportunity in the heart of Mar Vista, located on the corner of one of West LA's most rapidly appreciating submarkets. This trophy property along the vibrant Venice Boulevard corridor offers a rare combination of value add potential with 50% upside in rents, or an exciting owner user restaurant or retail re-development, in a high-barrier-to-entry market. Currently, the properties are all leased to one family on an an absolute triple net basis. Tenant pays rent and all expenses, including repairs & maintenance, property taxes and insurance. One family member runs the market, another runs the cafe', and another lives in the apartment unit. The lease matures in July 2026 for all properties. Current rents are approximately 50% below market, which translates to big opportunity for the next owner. Great options for a new owner to: 1. Purchase, invest in interiors, and lease at market rents, or 2. Enlarge Cafe to over 2,600 sq. ft. by combining with attached unit & keep market free standing, or 3. Combine all three uses for over 4,300 sq ft of restaurant, retail or mixed-use space! Venice Blvd has over 47,000 cars per day passing by this location, great trendy restaurants and night life already exist on this intersection. First time on market in over 25 years! This is an exciting opportunity with strong upside, and can support flexible business plans for the properties.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$1,033 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAC2, Los Angeles

APN/PARCEL ID

4236-012-038

ASK ABOUT THIS PROPERTY

Jeff BerrisHilton & HylandMore Info
310-623-0927

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Jeff BerrisHilton & HylandMore Info
310-623-0927

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