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Tamra (tami) Pardee
Pardee Properties
310-907-6517
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 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!
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Total Bedrooms : 0
Total Baths: 8
Full Baths: 0
Half Baths: 0
Sewer : Other
Property Appliances: Disposal,Refrigerator
Flooring: Carpet
Central
Has Heating
Year Built: 1962
Building Area Total: 6,587
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1478
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6438
Original List Price: 5,500,000
Listing Contract Date: 2024-01-10
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4238012006
Garage Description: Assigned,Garage,Side By Side,Tandem,Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C11 - Venice
Postal Code Plus 4: 3783
Directions: East of Pacific Ave, West of Abbot Kinney, North of Venice Blvd -- on the corner of Main Street + Market Street!
Zoning: LAC2
Source Property Type: Residential Income
Area: C11 - Venice
Property Age: 62
Common Walls: No Common Walls
Year Built Source: Vendor Enhanced
Total Square Feet Living: 6587
Entry Location: Ground Level w/steps
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
11 20th Avenue, Venice, CA,90291 | $3,290,000 | -- | -- | -- | 2642 Sqft |
1352 Palms Boulevard, Venice, CA,90291 | $4,190,000 | 6 | 4 | 4,476 | 10893 Sqft |
1113 Electric Avenue #1, Venice, CA,90291 | $1,250,000 | 1 | 1 | 1,010 | 14390 Sqft |
325 Brooks Avenue, Venice, CA,90291 | $3,699,000 | 2 | 2 | 1,896 | 5279 Sqft |
1702 Abbot Kinney Boule.., Venice, CA,90291 | $1,875,000 | 4 | -- | 1,867 | 3000 Sqft |
1706 Abbot Kinney Boule.., Venice, CA,90291 | $1,875,000 | 3 | -- | 2,842 | 3001 Sqft |
580 Venice Boulevard, Venice, CA,90291 | $2,500,000 | 4 | -- | 1,914 | 3907 Sqft |
123 Park Place, Venice, CA,90291 | $1,950,000 | 2 | -- | 2,008 | 2250 Sqft |
537 W Westminster Avenue, Venice, CA,90291 | $2,900,000 | 6 | -- | 2,389 | 10408 Sqft |
14 Brooks Avenue #6, Venice, CA,90291 | $3,550 | -- | 1 | 448 | 6011 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 03:47
MLS: 24346019
LISTED BY: Tamra (Tami) Pardee, Pardee Properties
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.