2011 Ocean Front Walk
Venice, CA 90291
Retail Property For Sale

Commercial Brokers International is proud to present for your consideration the sale of a 2011 Ocean Front Walk, Venice, CA 90291. This property is strategically located in the heart of the world famous Muscle Beach, directly on the Venice Boardwalk, one of the top tourists destinations in Los Angeles, as well as the country. This investment opportunity offers a rare chance for someone to acquire an existing operating restaurant/retail location, with a direct Ocean View Apartment above. Current rents are substantially below market allowing for an astute investor the opportunity to capitalize from the value add and acquire a property at a much higher CAP rate then comparable properties in the area. The subject property contains one (1) lot totaling approximately 2,520 square feet of land. This lot is currently zoned for mid density multi-family use, (LAR3). Currently there is one (1) improved structures on-site, consisting of approximately 2,248 square feet of improvements, with unit breakdown as: one (1) two bedroom two bath ocean view apartment and one (1) retail space, currently occupied by a restaurant. There are three parking spaces on the premises