CA > Los Angeles
Los Angeles, CA 90066,12028 Venice Blvd
Los Angeles, CA 90066,12028 Venice Blvd
Los Angeles, CA 90066,12028 Venice Blvd
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
29
Apr
Wed
30
Apr
Thu
1
May
Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,695,000
Est. payment /mo
6 Beds
6 Baths
6,194 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,194 sqft

Price per Sqft $435

MLS Listing ID 24-354063

Bedrooms 6

Year Built 1960

Lot Size 8,248 Sqft

Acres 0.1893

Property Sub-Type Multi-Family

Property Description

Prime mixed-use investment opportunity in West LA with immediate value-add potential. The property features 6 residential (1 bed/1 bath) units, two retail spaces, 7 small offices, and two one-car garages (ADU conversion) all on a generous 8,200 square foot C2 Zoned lot. The ground floor features nine commercial spaces, including two retail storefronts and seven small offices, all leased month-to-month at below-market rents, offering an immediate 52% upside in commercial leases, bringing the cap rate to 7.9%. Above, six residential units (all 1-bed/1-bath) present an additional 53% rental upside. Two 1-car garages at the rear offer ADU conversion potential. Located on the same block as the Mar Vista Farmers Market, in a highly walkable, food-centric neighborhood, this A+ investment boasts a projected 9% cap rate post value-add enhancements. The 8,200 sq. ft. lot allows for the development of approximately 30 units, with the option to purchase the neighboring 12034 Venice Blvd for a combined 74-unit development site.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAC2

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Detached, Garage Is Detached, Parking Space, Side By Side, Uncovered

Garage Spaces 17.0

Building

Lot Description Alley Paved

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

Read Less Info
TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Maher Commercial Realty

GET MORE INFORMATION

Name

Phone*

Message

I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Kirshner Elkin Properties, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.
Kirshner Elkin Properties

+1(424) 214-0133

hello@kirshnerelkinproperties.com

original_355e300d-2f46-42e1-9f79-a73b0ca9d5fb