1700-1702 Lincoln Blvd - Storefront Retail/Residential FOR SALE


Venice, CA 90291
$6,850,000 USD
310-966-4388
1700-1702 Lincoln Blvd, Venice, CA for Sale
$6,850,000 USD
Storefront Retail/Residential - FOR SALE
1/10
null | Request Cap Rate

1700-1702 Lincoln Blvd
Venice, CA 90291


HIGHLIGHTS

  • Excellent Venice Location
  • Three Retail Units and Four Apartments
  • Parking Lot in the Rear
  • 60% Occupied

OVERVIEW

WESTMAC Commercial Brokerage Company is offering the opportunity to acquire 1700-1702 Lincoln Boulevard. The property is located on Lincoln Boulevard, on the corner of Nowita Place, just a few blocks north of Venice Boulevard. The subject property is a mixed-use building comprised of three ground floor retail units and four apartments on the second floor. The property is currently 60% occupied. Companion, a newly opened cafe serving coffee, pastries, pizza, and wine, occupies one third of the ground floor retail space. The other retail spaces are currently vacant. All four apartment units are occupied. There are two (2) two-bedroom apartments and two (2) one-bedroom apartments. Three of the units have outdoor space. The property features 14 parking spaces in the rear of the building.

FOR SALE DETAILS

PRICE

$6,850,000 USD

PRICE/SF

$826 USD /SF

CAP RATE

Request Cap Rate

% LEASED

60%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lincoln Blvd Mixed Use Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2, Los Angeles

APN/PARCEL ID

4242-010-029,4242-010-031

ASK ABOUT THIS PROPERTY

Erica TaylorWESTMAC Commercial Brokerage CompanyMore Info
310-966-4388

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Erica TaylorWESTMAC Commercial Brokerage CompanyMore Info
310-966-4388

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