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$1,700,000
New Listing

- 2042 Venice
Los Angeles, CA 90006

For Sale|Retail|Active
0
Beds
0
Total Baths
4,316
SqFt
$394
/SqFt
1925
Built
County:
Los Angeles
Listed by Surin Poommai of Rise Realty [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

- 2042 Venice- 2042 Venice- 2042 Venice- 2042 Venice
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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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Listing Snapshot
Price 
$1,700,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,316 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2133 Acres
Year Built 
1925
MLS® Number 
SR26091212
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
16 hours agoListing first seen on site
16 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.2133
Number Of Stories 
1
Property Sub Type 
Retail
Special Circumstances 
Standard
SqFt Total 
4316
Water Source 
Public
Interior Features
Laundry Features 
None
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Exterior Features
Lot Features 
Corner LotLevel
Community Features
MLS Area 
C16 - Mid Los Angeles


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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