12028 Venice Boulevard, Los Angeles, CA 90066 - Berkshire Hathaway HomeServices California Properties

12028 Venice Boulevard, Los Angeles, CA 90066

$2,695,000 Approx. USD 6 beds, 6 baths
6,194 sqft

Listing Agent


Oron Maher | oron@mahercr.com
Lic#: 01299093
Broker: Courtesy of Maher Commercial Realty

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24354063
List price is $2,695,000 Reduced by $200,000 on 2/14/2025
Price: $2,695,000
Beds: 6
Baths: 6
Built in 1960
6,194 sqft
2 stories
0.19 acres
Lot size: 0.1893
County: Los Angeles
Zoning: LAC2
Parking description: One Space,Side By Side,Uncovered
MLS area: C13 - Palms - Mar Vista

Last Updated: 2/25/2025

 Days On Market (DOM): 461

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This listing belongs to the C13 - Palms - Mar Vista MLS area

Lat/Long: 34.005386, -118.429474.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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