1426 Main St, Venice, CA 90291
6,587 SF | Office Building | Venice, CA 90291 | $4,875,000 ($740/SF) | 6.37% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 2 days
Asking Price $4,875,000
- Sale Condition
- 1031 Exchange
- Property Type
-
Office
- Square Feet
- 6,587 SF
- Price / Square Foot
- $740
Listing Contacts
Tami Pardee
Verified Profile
Samantha Kinnon
Verified Profile
- Property Info
Property Overview
INCREDIBLE VALUE - PRIME OPPORTUNITY! Welcome to Main & Market, situated in the heart and soul of Venice! This 7-unit mixed-use income property offers immense flexibility with office, commercial, and residential use. Take advantage of future development and tons of upside potential on an expansive lot! Perfect for your 1031 exchange Buyer, your real estate portfolio, or passive income - park your cash for a 6.37% CAP! This one-of-a-kind building offers a unique combination of residential and commercial spaces. Each unit has been thoughtfully designed to cater to various needs, from music production studios and film production spaces to designer creative studios and charming residential apartments. With beautiful built-ins and renovations done over time, this building comes with long-standing and well-established tenancy - you can step in and start reaping the benefits of rental income right away. One of the upstairs units features a spacious outdoor terrace with a built-in kitchen and BBQ area. This expansive outdoor space adds an extra touch of luxury and versatility to the property. The property also boasts ample parking, providing 13 parking spaces! Situated just seconds away from the beach, Windward Circle, and in the midst of the vibrant creative hub of Venice, this location is everything! Whether it's the allure of the beach, the energetic atmosphere of the neighborhood, or the thriving creative community, this property offers an unbeatable location. Bring your developers, investors, or owners/users!
Property Details
- Class
- B
- Year Built
- 1962
- Stories
- 2
- Lot Size (sq. ft)
- 6,534 SF
Highlights
- Mixed Use Building - Residential/Commercial Units @ 6.37% CAP
- Immense Development Potential
- Corner Lot on Expansive 6,400+ sqft Lot
- 13 Parking Spaces
- Seconds to the Beach + In the Hub of Vibrant Venice Neighborhood
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