1426 Main St - Loft/Creative Space FOR SALE


Venice, CA 90291
$4,875,000 USD
310-907-6517
1426 Main St, Venice, CA for Sale
$4,875,000 USD
Loft/Creative Space - FOR SALE
1/41
null | 6.37% Cap Rate

1426 Main St
Venice, CA 90291


HIGHLIGHTS

  • Mixed Use Building - Residential/Commercial Units @ 6.37% CAP
  • Immense Development Potential
  • Corner Lot on Expansive 6,400+ sqft Lot
  • 13 Parking Spaces
  • Seconds to the Beach + In the Hub of Vibrant Venice Neighborhood

OVERVIEW

INCREDIBLE VALUE - PRIME OPPORTUNITY! 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 6.37% 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!

FOR SALE DETAILS

PRICE

$4,875,000 USD

PRICE/SF

$740 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C2

APN/PARCEL ID

4238-012-006

ASK ABOUT THIS PROPERTY

Tami PardeePardee PropertiesMore Info
310-907-6517

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Tami PardeePardee PropertiesMore Info
310-907-6517

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.