12900 Venice Boulevard, Los Angeles, CA 90066 - Berkshire Hathaway HomeServices California Properties

12900 Venice Boulevard, Los Angeles, CA 90066

$4,495,000 Approx. USD 0 beds, 0 baths

Listing Agent


Jeff Berris | jeff.berris@gmail.com
Lic#: 01249839
Broker: Courtesy of Hilton & Hyland

Agent Remarks

We are thrilled to present this exceptional opportunity in the heart of Mar Vista, located on the corner of one of West LA's most rapidly appreciating submarkets. This trophy property along the vibrant Venice Boulevard corridor offers a rare combination of value add potential with 50% upside in rents, or an exciting owner user restaurant or retail re-development, in a high-barrier-to-entry market. Currently, the properties are all leased to one family on an an absolute triple net basis. Tenant pays rent and all expenses, including repairs & maintenance, property taxes and insurance. One family member runs the market, another runs the cafe', and another lives in the apartment unit. The lease matures in July 2026 for all properties. Current rents are approximately 50% below market, which translates to big opportunity for the next owner. Great options for a new owner to: 1. Purchase, invest in interiors, and lease at market rents, or 2. Enlarge Cafe to over 2,600 sq. ft. by combining with attached unit & keep market free standing, or 3. Combine all three uses for over 4,300 sq ft of restaurant, retail or mixed-use space! Venice Blvd has over 47,000 cars per day passing by this location, great trendy restaurants and night life already exist on this intersection. First time on market in over 25 years! This is an exciting opportunity with strong upside, and can support flexible business plans for the properties.

Listing Details

Property type: Mixed Use (Commercial)
Status: Active
MLS# 25549997
Price: $4,495,000
HOA Fee is $0.00
Built in 1955
0.12 acres
Lot size: 0.1241
County: Los Angeles
Zoning: LAC2
Construction: Stucco
Lot description: Corner Lot,Near Public Transit,Rectangular Lot,Street Level
Heating description: Baseboard,Central,Electric,Natural Gas
MLS area: C13 - Palms - Mar Vista

Last Updated: 6/10/2025

 Days On Market (DOM): 36

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This listing belongs to the C13 - Palms - Mar Vista MLS area

Lat/Long: 33.999448, -118.441176.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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