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Annie Culbertson &
Debbie Rossetto

Mobile Phone:
408-707-0340
annieculbertson@comcast.net
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Annie Culbertson &
Debbie Rossetto

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Mobile Phone:
408-707-0340
annieculbertson@
comcast.net
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Playa Del Rey CA Real Estate & Commercial for Sale

The median home value in Playa Del Rey, CA is $764,000. This is lower than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in Playa Del Rey, CA is $764,000. Approximately 45.51% of Playa Del Rey homes are owned, compared to 47.38% rented, while 5.3% are vacant. Playa Del Rey real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact Playa Del Rey real estate agent to arrange a tour today!
Learn more about Playa Del Rey.


Showing Homes Nearby Playa Del Rey, CA
Beds:
n/a
Baths:
Sq.Ft.:
4,858
Status:
Active
MLS#:
CL24389693
Type:
Business Opportunities
Lot size:
0.07 Acres
Year built:
1973
A broker reciprocity listing Courtesy: James Allan - Compass James Allan james.allan@compass.com
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Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. All New York style lofts and recently remodeled units, complete with some sq ft expansion, common area remodel, Earthquake/ soft story retrofit and new garage doors. Cap rate 4.5 and Gross income of $298,920 annually with great upside potential. 2 Multi level units some with 2 story living rooms with multipurpose loft area. Great mix of units, most with their own private garages. 2 units have large spectacular Ocean view rooftop patios. Many possibilities from short term rentals, or owner user one or a few of the units. Possibilities are endless. Multi-level units have large, bright 2 story living rooms with open kitchen w/ stainless steel appliances with granite counter tops and more. Units 2 and 3 have been completely remodeled. Landscaped garden area located on a beautiful walk street. 4 Units are Luxury exempt. Earthquake retrofit has been completed. Potential to increase rents to $348,000 with a 5.5 CAP. Two units can be delivered vacant at the close of escrow.

Beds:
n/a
Baths:
Sq.Ft.:
6,640
Status:
Active
MLS#:
CRSB24049689
Type:
Business Opportunities
Lot size:
0.16 Acres
Year built:
1978
A broker reciprocity listing Courtesy: Robert Freedman - DOMO Real Estate Robert Freedman rob@domorealestate.com
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Located on a beautiful, tree-lined street in an idyllic location, this 7-unit walk-up apartment building is surrounded by well maintained apartments, townhomes, condominiums and single family homes, and offers an amazing opportunity for investment in one of the most highly sought after suburbs in Los Angeles. Built in 1978 by the family that still owns it, and meticulously maintains it, this is the first time this building has been on the market. There is 6,640 square feet of living space on a 50 X 143 Street to alley lot with 9 private garages (garages have been earthquake retrofit) and an additional 4 tandem parking spaces. This location in El Segundo is ideal, because its far away from any detrimental factors yet in close proximity to the downtown restaurants, the beach, employment hubs and transportation. All of the units offer two bedrooms, and most offer more than one bath. All but one of the units have been substantially refurbished, and the building itself has been lovingly maintained, including lush landscaping that gives the courtyard a welcoming, homey feel. 5 of the units are flats, and two are townhome style. 6 of the 7 units have fireplaces! All units have individual hot water heaters. There is a spacious on-site laundry for the units to share, and the building h

Beds:
n/a
Baths:
Sq.Ft.:
5,270
Status:
Active
MLS#:
CRSB24045099
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1961
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane bill@billruane.net
View additional info

A rare gem nestled in the heart of the coveted Southwest El Segundo neighborhood. This exceptional 6-unit residential property presents a once-in-a-lifetime investment opportunity, having entered the market for the first time in over 25 years. Each unit within this building has been carefully updated to reflect modern aesthetics while maximizing comfort and efficiency. The recent renovations ensure that every tenant enjoys the latest in home living standards. Residents will delight in the convenience of their private 1-car garages, adding to the array of amenities this property boasts. Its a unique feature that sets this offering apart and speaks to the attention to detail that has been a hallmark of this residence. The location of 147 Whiting can only be described as prime, with a high Walk Score that illustrates its proximity to local essentials and attractions. Situated mere blocks from pristine beaches, the property promises a coastal lifestyle of unparalleled ease and enjoyment. Community and Lifestyle: El Segundo is renowned for its vibrant community spirit and the easy-going lifestyle it affords. From numerous parks for weekend picnics to boutique shops and diverse dining options on Main Street, there's something to cater to all tastes and interests. Education and Famil

Beds:
n/a
Baths:
Sq.Ft.:
7,824
Status:
Active
MLS#:
CRSB24018593
Type:
Business Opportunities
Lot size:
0.13 Acres
Year built:
1912
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane bill@billruane.net
View additional info

Three story Boutique Hotel. Upon entering, the ground floor features 10 rooms, restrooms and showers, a full size kitchen and lounge area. The top two floors each have 12 rooms. Each floor has shared restrooms, kitchens and showers. Hardwood floors throughout. Amazing opportunity to own a hotel in Downtown El Segundo near restaurants, shops and the Los Angeles Airport.

Beds:
n/a
Baths:
Sq.Ft.:
7,824
Status:
Active
MLS#:
CRSB24012091
Type:
Business Opportunities
Lot size:
0.13 Acres
Year built:
1921
A broker reciprocity listing Courtesy: Bill Ruane - RE/MAX Estate Properties Bill Ruane bill@billruane.net
View additional info

Three story Boutique Hotel. Upon entering, the ground floor features 10 rooms, restrooms and showers, a full size kitchen and lounge area. The top two floors each have 12 rooms. Each floor has shared restrooms, kitchens and showers. Hardwood floors throughout. Amazing opportunity to own a hotel in Downtown El Segundo near restaurants, shops and the Los Angeles Airport.

Beds:
n/a
Baths:
Sq.Ft.:
3,280
Status:
Active
MLS#:
CRSB23186998
Type:
Business Opportunities
Lot size:
0.13 Acres
Year built:
1955
A broker reciprocity listing Courtesy: Michael Swanson - Keller and Associates Realty Michael Swanson mikerswanson@yahoo.com
View additional info

Price reduced, beach area units located away from the airport, West of downtown towards the ocean within walking distance to beach and walking distance to the local town. Good units in reasonable proximity to chevron work entrance, these units have been well maintained and you can add your expertise to add additional value. Administration sale for estate.

Beds:
n/a
Baths:
Sq.Ft.:
7,068
Status:
Active
MLS#:
CL24385753
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
2010
A broker reciprocity listing Courtesy: Susan Lau - Coldwell Banker Realty Susan Lau susanlau@gmail.com
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Versatile owner/user or investment opportunity (Short-term or long-term tenants) located just two blocks from the beach on the charming Venice Canals. This quality 5-unit building was almost 100% newly constructed in 2010 with new foundation, new plumbing, electrical, roof, HVAC and all walls, finishes, appliances and landscaping. The current ownership who built it for themselves, went all-out with high-end finishes, fireplaces, luxury kitchens and powder room in each unit. If you're looking for a quality income-producing property in a great location, look no further!!

Beds:
n/a
Baths:
Sq.Ft.:
2,768
Status:
Active
MLS#:
CL23286813
Type:
Business Opportunities
Lot size:
0.18 Acres
Year built:
1922
A broker reciprocity listing Courtesy: Kimberly Roberts Stepp - KW Advisors Kimberly Roberts Stepp krstepp@steppcommercial.com
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538 Rialto Avenue in Venice, California is comprised of three (3) contiguous lots, totaling 7,652 square feet. The property consists of eight (8) bungalow-style units around a shaded outdoor courtyard with five (5) surface parking spaces.The asset offers a unit mix of one (1) 2 BD/1.5 BA; two (2) 1 BD/ 1BA; and five (5) studios, most with enclosed outdoor private spaces and one with a private sauna.The property's location in prime Venice is just one block from high-end shopping and dining amenities along Abbot Kinney Boulevard and within walking distance to the Venice Canals, Venice Beach and Boardwalk as well as vibrant boutiques and restaurants along Main Street and Rose Avenue.Offered at only $325,000 per unit, the asset provides a new investor with 50% rental upside - 10.9x gross and 6.2% cap rate at market rents. 538 Rialto represents a value-add opportunity for investors in an A+ Venice location.Investment Highlights Highly Desirable Venice Location One Block to Abbot Kinney Blvd. Walking Distance to Venice Beach & Canals 3 Contiguous Lots Form the Parcel, Totaling 7,652 SF Renovated Units Include Recessed Lighting, Bamboo Flooring, Ceiling Fans & Fully Upgraded Kitchens & Bathrooms Most Units Include Enclosed Private Patios, One with Large Outside Enclosed Sauna 50% Upside

Beds:
n/a
Baths:
Sq.Ft.:
4,814
Status:
Active
MLS#:
CRSW22204207
Type:
Business Opportunities
Lot size:
0.11 Acres
Year built:
1963
A broker reciprocity listing Courtesy: Maria LHeureux - Realty ONE Group Southwest Maria LHeureux Meglheu@gmail.com
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Location,location,location! Great investment opportunity. Almost a $100k dollars worth of renovation and paints of exteriors. FRESHLY PAINTED throughout exterior wall,new install of a beautiful and modern look facade in the front(center) of the building,new front windows,freshly painted door on each unit,new concrete on the driveway,new decomposed granite both in the backyard and sideyard ,new landscaping in the frontyard .This triplex is on a large lot, zoned R3 and features a(first unti) 2 bedrooms with 1 1/5 bathrooms unit , (second unit)2 bedrooms with 1 bathroom unit and third unit)1 bedroom with 1 bathroom unit. There is a possible 4th unit of living space with bedroom space ,bathroom (not permitted) with its own backyard. The shared laundry room has new flooring,and freshly painted throughout.A designated storage per unit, individual 1 car parking lot. A very quiet and established community,very close to freeway, to LAX,famous beaches ,shoppings and winning schools .

Beds:
n/a
Baths:
Sq.Ft.:
1,634
Status:
Active
MLS#:
CL24378157
Type:
Business Opportunities
Lot size:
0.08 Acres
Year built:
1905
A broker reciprocity listing Courtesy: Vivian Chaing - Property Concierge Vivian Chaing vivian@propertyconcierge.la
View additional info

Tabula rasa! A rare blank slate of possibility awaits, etched into the heart of quintessential L.A. coolness in vibrant Venice Beach, and just brimming with potential to bloom into yet untold creative expression. Offering immense flexibility with allowable commercial and residential uses, and strategically located at the entry of the Windward Circle near the Venice sign, this unique creative office or live/work opportunity on a versatile C2 street-to-alley lot is a perfectly blended segue between commercial and residential corridors. Just a hop-skip away from Abbott Kinney (literally crowned "the coolest block in America" in GQ's Style Bible), and just a stone's throw to Rose Corridor and Main Street, just blocks to the sand, and billed as both a Walker's and Biker's Paradise, positively everything is within reach. The property itself presents as a standalone single-story boutique building with soaring skylit ceilings and bathed in abundant natural lighting, evoking the embodiment of SoCal vibes throughout its modern open floor plan. With a compelling blend of aesthetics and functionality, the building spans 1,634 square feet across three spacious bedrooms, recently remodeled kitchen and two bathrooms. Adding to the versatility, a storage room with separate entry and huge crawlsp

Beds:
n/a
Baths:
Sq.Ft.:
7,205
Status:
Active
MLS#:
CL23315866
Type:
Business Opportunities
Lot size:
0.22 Acres
Year built:
1959
A broker reciprocity listing Courtesy: Justin Pace - Exclusive Realty Inc Justin Pace jpacerealestate@gmail.com
View additional info

Perfect opportunity to own a Del Rey multi-unit building with huge upside potential. 12 apartments (9 units / 3 guest units) completely occupied with lots of parking close to LAX, Westside Beaches, Loyola Marymount University, Playa Vista, Santa Monica and Marina del Rey neighborhoods.

Beds:
n/a
Baths:
Sq.Ft.:
6,587
Status:
Active
MLS#:
CL24346019
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1962
A broker reciprocity listing Courtesy: Tamra (Tami) Pardee - Pardee Properties Tamra (Tami) Pardee listingagents@pardeeproperties.com
View additional info

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 5.7% 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

Beds:
n/a
Baths:
Sq.Ft.:
5,857
Status:
Active
MLS#:
CL24389117
Type:
Business Opportunities
Lot size:
0.14 Acres
Year built:
1956
A broker reciprocity listing Courtesy: Jack Davis - RE/MAX ESTATE PROPERTIES Jack Davis JSDLA@aol.com
View additional info

Great "bread and butter" apartment on Venice Blvd just east of Lincoln. HUGE upside potential. Soft story remediation has already been done with Certificate of Completion available. Excellent unit mix. Some units have been updated. Buyer to cooperate in Sellers 1031 exchange at no cost to buyer.

Beds:
n/a
Baths:
Sq.Ft.:
3,221
Status:
NEW LISTING
MLS#:
CRPW24098173
Type:
Business Opportunities
Lot size:
0.08 Acres
Year built:
1935
A broker reciprocity listing Courtesy: Woody Stahl - Lyon Stahl Investment Real Est Woody Stahl broker@lyonstahl.com
View additional info

Unique mixed-use legacy property on Highland Ave in Manhattan Beach's desirable El Porto neighborhood. This extensively remodeled gem features a fully leased laundromat on the ground floor, along with two 2-bed/1-bath units, one studio, and one office on the second floor. The top floor boasts a beautifully remodeled penthouse studio with breathtaking panoramic views stretching from Palos Verdes to Malibu. The adjacent property at 3917 Highland Ave is included in the sale, combining for a total lot size of 3,576 square feet. This property is also zoned to permit short-term rentals with the potential to generate $575K annual revenue according to AIR DNA.

Beds:
n/a
Baths:
Sq.Ft.:
9,466
Status:
Active
MLS#:
CRPW24057517
Type:
Business Opportunities
Lot size:
0.15 Acres
Year built:
1961
A broker reciprocity listing Courtesy: Woody Stahl - Lyon Stahl Investment Real Est Woody Stahl broker@lyonstahl.com
View additional info

3901 Highland Ave is a trophy asset situated in the sand section of Manhattan Beach in El Porto. The property currently consists of 14 units with a beautiful courtyard and ocean views from multiple units and the outside decks. The current 9,466 SF building sits on a 6,621 SF lot west of Highland Ave providing easy access to the beach and nearby top-tier retail and restaurants. This property is zoned to permit short-term rentals with the potential to generate $1.8M annual revenue (Estimated STR data obtained from AIRDNA - which is the #1 platform for short-term rental data). It has a market cap of 8.15% operating as an AirBNB and offers any buyer the potential to own one of the hottest short-term rental properties in the Beach Cities. Alternatively, it has the potential to build 3 ADUs to maximize rental income. With its A+ location and upside potential, 3901 Highland Ave is a rare opportunity to add a legacy property to your portfolio at a great price and collect income at a strong CAP Rate for years to come while enjoying long-term appreciation. *Seller Will Entertain a Straight Trade or Trade Plus $$$

Beds:
n/a
Baths:
Sq.Ft.:
3,564
Status:
Active
MLS#:
CL24351903
Type:
Business Opportunities
Lot size:
0.17 Acres
Year built:
1925
A broker reciprocity listing Courtesy: Robert Leveen - Robert Leveen Robert Leveen robert.leveen@lee-associates.com
View additional info

Price Adjustment and Seller will finance with 30% down payment and below market interest rate! Lee & Associates Apartment Advisors is pleased to present Marco Circle apartments located in Venice, CA. First time on the market in 40 years! The property is situated on the world-famous Walk Streets of Venice, and is the only apartment property located on the idyllic Millwood-Venice walk streets. The 3,564 SF property is comprised of three duplex buildings of four x one bedroom/one bath bungalows, and two x two bedroom/one bath apartments. The property is situated on a 7,201 SF R2 Parcel. Soft Story retrofit work has been completed, and two recently leased units have been renovated. Subject to city of Los Angeles RSO. One unit is vacant. Across from recently constructed architectural single family homes. Please do not disturb tenants or walk on property. Please contact listing agents for more information.

Beds:
n/a
Baths:
Sq.Ft.:
7,280
Status:
Active
MLS#:
CRSB24011415
Type:
Business Opportunities
Lot size:
0.06 Acres
Year built:
1912
A broker reciprocity listing Courtesy: Cameron Samimi - Lyon Stahl Investment Real Estate, Inc. Cameron Samimi cameron@lyonstahl.com
View additional info

19 Wavecrest Ave Apartments is a 10-unit apartment community located 130+ feet from the Venice Boardwalk and beach. Residents enjoy the benefits of living in the heart of venice as he property is in close proximity to Abbot Kinney, Santa Monica Pier, and much more. 19 Wavecrest Ave offers (7) one-bedroom apartments each measuring approximately 650 square feet, (2) two bedroom/one bath apartments each measuring approximately 815 square feet, and (1) two bedroom-two bath Penthouse unit measuring approximately 1,100 square feet. The penthouse unit features a jacuzzi, rooftop deck, and has views of the Pacific Ocean and entire city of Los Angeles. Potential to have (5) units delivered vacant at the close of escrow, with the penthouse unit having potential to be leased back at market rate. Units feature ocean views, Spanish tiling, and private patios. There is laundry on site.

Beds:
n/a
Baths:
Sq.Ft.:
2,389
Status:
Active
MLS#:
CL23247011
Type:
Business Opportunities
Lot size:
0.24 Acres
Year built:
1920
A broker reciprocity listing Courtesy: John Scott - John L. Scott Real Estate John Scott BrokerJohnScott@gmail.com
View additional info

OCEAN PARK VILLA BUNGALOWS OF VENICE BEACH - This property includes 2 Duplexes and a 2 Bedroom Home. 5 Units - with a 10,408 sqft. Double Lot is ready to be reimagined with your vision. Each bungalow offers its own unique charm, that make them perfect for both short-term and long-term stays. Whether you're looking for a cozy romantic getaway or a spacious family retreat, these bungalows are sure to provide the perfect setting for your summer vacation stay. Venice Beach known around the globe as an artistic beachside community, steps a way from Abbot Kinney, among the hottest international retail stores, shopping, family friendly dining, and popular nightlife destinations. Nearby developments, and projects that are currently under construction makes Venice Beach the ultimate tranquil desired living. The metropolitan nearby Santa Monica Pier, 3rd street Prominade, brings young professionals from around the world to the stylish Venice Ocean Park Villas. 5 minute walks to beach , 2 blocks from Abbot Kinney world class shopping.

Beds:
n/a
Baths:
Sq.Ft.:
4,826
Status:
Active
MLS#:
CL24357403
Type:
Business Opportunities
Lot size:
0.28 Acres
Year built:
1922
A broker reciprocity listing Courtesy: Kenny Stevens - Compass Kenny Stevens kenny@kennystevensteam.com
View additional info

The Villas of Venice are an eclectic collection of 6 masterfully Craftsman bungalows built in 1906 & 1922 and completely restored to their original charm. Set on an idyllic resort-like lot, creating a private hideaway yet located steps from Venice Beach and Abbot Kinney Blvd. Each bungalow was masterfully restored to showcase classic Craftsman bungalow architecture while adding a fun eclectic design twist. Classic Hollywood Golden era accents including deep green colored cabinets, brass hardware, and a Hollywood Regency style chandelier add a true retro glamour factor to one of the restored kitchens. The extensive use of subway tiles in kitchens and baths creates a retro vibe for today. Breakfast nooks and window seats make these the perfect casual beach bungalows. Each bright and spacious unit features hardwood floors, exposed beams, and ornate detailing in the kitchen and bathroom. Unit interiors include stainless steel appliances, central A/C, and heat, and in-unit washer and dryer. Shared outdoor living space creates community here. The Villas of Venice is part of the Golden Era Collection, four impeccably restored multifamily complexes in prime Los Angeles locations.

Beds:
n/a
Baths:
Sq.Ft.:
4,661
Status:
Active
MLS#:
CL24369495
Type:
Business Opportunities
Lot size:
0.11 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Vineendra Jain - Ingenious Asset Group, Inc. Vineendra Jain sales@iagpm.com
View additional info

Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.

Beds:
n/a
Baths:
Sq.Ft.:
5,027
Status:
Active
MLS#:
CRSB24024396
Type:
Business Opportunities
Lot size:
0.23 Acres
Year built:
1948
A broker reciprocity listing Courtesy: David Salzman - Engel & Volkers LA South Bay David Salzman dave@davesalzman.com
View additional info

This property presents an exceptional development or redevelopment opportunity for investors or owner user buyers. With unparalleled scale and scope, this rare chance allows for the creation of a landmark project in one of the most prestigious beachfront communities in the United States. In this environment where luxury meets lifestyle, there is immense potential for visionary real estate endeavors. County records show this is one of the largest remaining Sand Section sites for development or renovation. Situated diagonally across from the park with spectacular views of The Strand, sand, surf and Pacific Ocean. 2700 Highland is a large 9,824 sq ft parcel with 5,027 sq ft of living space. This parcel offers a spacious apartment compound with a 5-bedroom owners unit and four separate apartments. A fifth apartment was incorporated into the owners unit to provide the 5th bedroom. 2712 Highland is a 1,574 sq ft parcel with 624 sq ft of living space. These 2 parcels boast a total living area of 5,651 sq ft and a combined lot square footage of 11,398 sq ft. 2700 and 2712 are being co-marketed. 2700: APN #4176-020-12 is listed as MLS SB24024396. 2712: APN #4176-020-013 is listed as MLS SB24024430. The units themselves require TLC but the renovation or development potential is unmat

Beds:
n/a
Baths:
Sq.Ft.:
4,000
Status:
Active
MLS#:
CRRS24004919
Type:
Business Opportunities
Lot size:
0.27 Acres
Year built:
1955
A broker reciprocity listing Courtesy: Duke Dulgarian - Score Properties Duke Dulgarian duke@scoreproperties.com
View additional info

Fantastic opportunity for either an investor or owner user to own two retail units in a major retail center. The property is located near the 405/90 freeway interchange on the Sepulveda corridor.

Beds:
n/a
Baths:
Sq.Ft.:
6,194
Status:
Active
MLS#:
CL24354063
Type:
Business Opportunities
Lot size:
0.19 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Oron Maher - Maher Commercial Realty Oron Maher oron@mahercr.com
View additional info

Located one block from the Mar Vista Farmer's Market is this rare Venice Blvd retail and residential building with an easy cap rate of 6.7% without relocating any residential tenants. The property currently has two six residential 1-bedroom apartments, two retail stores, four office suites, and two single car garages. Two One-Car Garages can be Converted into One Studio ADU, Making Seven Total Residential Units. All of the retail and commercial tenants are on month-to-month leases allowing the opportunity to raise commercial rents to a reasonable pro forma income of $187,560 net and bringing your total building NOI to $221,773 or a 6.7% cap rate. Relocating residential tenants adds an ADDITIONAL 20% upside in rents. The front building is two stories and features approximately 2,442 square feet of ground floor retail and commercial space and four 1 bedroom/1-bathroom apartments on the second floor. The second building is a two-story duplex, each unit of which is a 1 bedroom/1 bath that occupies one floor. In between the two buildings are two free-standing parking garages and one assigned parking spaces for each tenant. Pro Forma Cap Rate After Commercial Value-add + Garage ADU Conversion: 7.4%. Pro Forma Cap Rate After Commercial Value-Add + Garage ADU Conversion + Residential Val

Beds:
n/a
Baths:
Sq.Ft.:
2,190
Status:
Active
MLS#:
CL24375519
Type:
Business Opportunities
Lot size:
0.05 Acres
Year built:
2012
A broker reciprocity listing Courtesy: Lee Tonks - Tonks Agency Inc, Lee Tonks lee@tonksagency.com
View additional info

100% VACANT - mixed use, Bar-Restaurant on the ground floor with a 2 bed 1 bath residential upstairs. Previously the home of LA Draughts and Santino's restaurant. In 2009 the building was virtually demolished due to a fire and it was rebuilt from the ground up to the 2009 building codes, including earthquake retrofitting, 750 Grease trap installed, Fire Sprinkler system, Infiltration pits, Air Conditioning, ADA approved (as of final inspection date). open flame cooking with hood. This property is ready to go for either fine dining or fast food. Seller and previous tenant states that the entire rear patio, including the 3 parking spaces is permitted for a patio. Permitted for 2 outdoor tables at front of property. All tenants previous tenants have had a beer and wine license. The property is grandfathered for the exemption for off license alcohol sales. Roofing was recently coated. This is a very rare opportunity to own a bar restaurant / residential delivered vacant in Santa Monica, across the street from Whole foods on Lincoln Blvd in the heart of Santa Monica. As of April 13th 2024 the city of Santa Monica issued an "Alcohol Determination zoning conformance review" for a State ABC type 47 Alcohol license

Beds:
n/a
Baths:
Sq.Ft.:
7,552
Status:
Active
MLS#:
CL23327271
Type:
Business Opportunities
Lot size:
0.29 Acres
Year built:
1960
A broker reciprocity listing Courtesy: Tony Azzi - Tony Azzi Tony Azzi tazzi@theazzigroup.com
View additional info

Bay East ©2022. CCAR ©2022. bridgeMLS ©2022 . Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 5/18/2024.

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