$1,700,000
About this home
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.
Facts & features
- Laundry
- None
- Lot size
- 0.213 acres (9,292 sq ft)
- Year built
- 1925
- Area
- C 16 - Mid Los Angeles
- County
- Los Angeles
- Status
- Active
- Property type
- Retail
- Days on market
- 0
- Listed
- 2026-04-25
- Terms
- Cash To New Loan
- Parcel #
- 5075026001
- MLS #
- SR26091212
