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Venice Center 10401-10419 Venice Blvd 25,346 SF 68% Leased Retail Building Los Angeles, CA 90034 $15,006,140 CAD ($592.05 CAD/SF)



INVESTMENT HIGHLIGHTS
- Prime to convert 2nd floor offices to apartments, 100% leased retail portion. Ideal owner user for creative space or medical.
EXECUTIVE SUMMARY
Office Owner-User Opportunity: Perfect for owner-user creative office or medical uses. The entire 2nd floor of approximately 15,000 SF is available.
Apartment Opportunity: May be able to convert second-floor offices to apartments. The building is engineered to add a 3rd floor for additional apartments according to the ownership. Buyer is advised to verify.
Redevelopment Opportunity: 23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor).
23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor).
Alleys in the rear and west side of the building.
25,346 SF 2-story retail and office building built in 1987/88. Buyer to verify.
140’ of linear frontage on Venice Boulevard. 108’ on Motor Avenue.
9 Retail spaces on the ground floor totaling 10,346 SF. Buyer to verify.
The 2nd Floor has numerous windows, natural light, and private patios.
Elevator from the garage and ground floor to the 2nd floor.
Available Space
Office: Up to 15,000 SF of available space on the 2nd floor.
Retail: 9 street-level retail spaces. 100% leased.
Parking
28 ground-level retail parking spaces.
45 office parking spaces in an underground garage. Buyer to verify.
Contact listing brokers for income and expenses.
Apartment Opportunity: May be able to convert second-floor offices to apartments. The building is engineered to add a 3rd floor for additional apartments according to the ownership. Buyer is advised to verify.
Redevelopment Opportunity: 23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor).
23,880 SF corner lot that allows for mixed-use retail and residential development. Zoning is Los Angeles City MU(EC) - Mixed Use (Exposition Corridor).
Alleys in the rear and west side of the building.
25,346 SF 2-story retail and office building built in 1987/88. Buyer to verify.
140’ of linear frontage on Venice Boulevard. 108’ on Motor Avenue.
9 Retail spaces on the ground floor totaling 10,346 SF. Buyer to verify.
The 2nd Floor has numerous windows, natural light, and private patios.
Elevator from the garage and ground floor to the 2nd floor.
Available Space
Office: Up to 15,000 SF of available space on the 2nd floor.
Retail: 9 street-level retail spaces. 100% leased.
Parking
28 ground-level retail parking spaces.
45 office parking spaces in an underground garage. Buyer to verify.
Contact listing brokers for income and expenses.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
25,346 SF
Building Class
B
Year Built
1987
Price
$15,006,140 CAD
Price Per SF
$592.05 CAD
Percent Leased
68%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.55 AC
Zoning
MU (EC) - MU (EC) Uses: Retail w/ Limited Manufacturing, Medical, Apartments. Churches, Schools, Auto Sales, R4 Uses.
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
- Air Conditioning
Walk Score®
Walker's Paradise (94)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4314-003-039 | Improvements Assessment | $4,698,226 CAD |
| Land Assessment | $2,349,095 CAD | Total Assessment | $7,047,321 CAD |
PROPERTY TAXES
Parcel Number
4314-003-039
Land Assessment
$2,349,095 CAD
Improvements Assessment
$4,698,226 CAD
Total Assessment
$7,047,321 CAD
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Venice Center | 10401-10419 Venice Blvd
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