202 Main StVenice, CA 90291

Property Details for 202 Main St

Year built

2022

Lot size

0.11 AC

Property size (Sq ft)

8,148 SF

Property type

Other commercial real estate

Description

This exceptional mixed-use property at 202 Main Street, Venice, CA, presents a unique investment opportunity. Spanning 8,148 square feet on a 0.11-acre lot, the building boasts two ground-floor commercial spaces ideally suited for restaurants. Each space is equipped with existing hoods, vents, and grease interceptors, significantly reducing start-up costs for prospective restaurant operators. Furthermore, a Conditional Use Permit (CUP) for liquor is already in place, streamlining the licensing process. Above the commercial spaces are two fully leased residential units, providing a consistent stream of rental income. These units feature large outdoor patios, enhancing their appeal to tenants. The property's location in the heart of Venice, just north of Rose Avenue, places it within a vibrant and bustling commercial district, surrounded by local businesses, offices, and dining establishments. Its proximity to Abbot Kinney Boulevard (less than a two-minute drive) and LAX (under 30 minutes) adds to its desirability. This offering represents a rare chance to acquire a premier property in one of Los Angeles' most sought-after neighborhoods, combining the potential for high-revenue restaurant operations with the stability of existing residential income. The asking price is $12,500,000. Please respect the privacy of residential tenants and refrain from disturbing them.

Location Insight

City

Venice

County

Los Angeles

State

California

Latitude

33.9977

Longitude

-118.479

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