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

Prime Venice Beach - this asset is a once in a generation opportunity to own an irreplaceable mixed-use restaurant/retail and residential building across the street from the busiest parking lot along Venice Beach and located one block north of Venice Boulevard and near the paddle tennis courts. The subject site allows an investor to operate the building at a 4.36% return; or an owner-user to occupy the restaurant/retail space and/or the residential above. The ground-floor features two restaurants - Jody Maroni’s Sausage Kingdom which has been a staple in Venice Beach since 1979 as well as a well-known poke restaurant, Poke-Poke. The upstairs residential unit features 2 beds and 2 baths, an unobstructed view of the beach, and is located directly above the restaurant space. There are three parking spaces at the rear of the building. Both restaurants are owned and operated by the Seller, who is willing to lease-back the space at $10,000 per month NNN. The upstairs unit will be delivered vacant and has a pro forma rent of 9,000/month as an Airbnb rental. There’s potential to add value to the restaurant by converting an unused freezer into two handicap restrooms and obtaining a beer and wine license.