2030 – 2042 Venice, Los Angeles, CA 90006

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Retail2030 – 2042 Venice, Los Angeles, CA 90006
    $1,700,000

    Basics Details

    • Date added: Added 3 days ago
    • Type:
    • Building Area: 4,316 sq ft
    • Lot size, sq ft: 9,292 sq ft
    • Zoning:
    • # Of Units: 5

    Description

    • Description:

      Investor Opportunity – Prime Development & Value-Add Asset

      Exceptional investment opportunity to reposition and maximize the land value of a 9,292 sq. ft. lot featuring a standalone retail building with frontage on Venice Boulevard. This high-visibility corner property benefits from strong street exposure and convenient access, located in a high-traffic area with excellent long-term growth potential.

      The property is zoned LAC1 and was originally configured as eight (8) retail units with eight (8) bathrooms. It is currently operated as five (5) units, offering a value-add opportunity to reconfigure back to the original eight-unit layout. All five units are fully occupied with a mix of lease terms. The property includes addresses 2030, 2032, 2034, 2038, and 2042.

      The current gross annual income is $ 78,600.00. Operating expenses are minimal, with annual expenses approximately $ 11,908.00. Each unit is separately metered for electricity, with tenants responsible for their own power usage.

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    858-538-7774

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