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$ 4,495,000
Est. payment /mo
Active
12900 Venice Boulevard Los Angeles, CA 90066
4,350 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 4,350 sqft
Price per Sqft $1,033
MLS Listing ID CL25549997
HOA Y/N No
Year Built 1955
Lot Size 5,407 Sqft
Acres 0.12
Property Sub-Type Comm Ind For Sale
Property Description
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
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Heating Electric, Natural Gas, Other, Baseboard
Fireplace No
Exterior
Utilities Available Other
Total Parking Spaces 6
Building
New Construction No
Others
Tax ID 4236012038
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Jeff Berris • Hilton & Hyland
