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523 Rose Ave
Venice, CA 90291
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,224 SF
Building Class
C
Year Built/Renovated
1956/2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.40
Lot Size
0.07 AC
Zoning
LAC4 - Commercial
Parking
4 Spaces (3.25 Spaces per 1,000 SF Leased)
Amenities
- Restaurant
About 523 ROSE AVE , VENICE, CA 90291
Leased Investment Opportunity on iconic Rose Avenue in Venice. Restaurant building with strong tenant in place. Excellent rental income with 3% yearly increases throughout the lease term. Patio Dining. Tenant has Type 41 Beer & Wine License. Rose Avenue is now the Restaurant Row of Venice with names such as Rose Cafe, Venice Ale House, Venice Beach Wines, Makani, Butcher's Daughter (coming soon), American Beauty (coming soon), Jeni's Splendid Ice Cream, Wallflower, Flake, Cafe Gratitude, Groundwork Coffee Co., La Isla Bonita (food truck), Banh Mi. Joining this list is the current tenant at 523 Rose Avenue, Bluestone Lane Cafe!
Property Taxes
| Parcel Number | 4240-005-003 | Improvements Assessment | $368,690 |
| Land Assessment | $1,941,571 | Total Assessment | $2,310,261 |
Property Taxes
Parcel Number
4240-005-003
Land Assessment
$1,941,571
Improvements Assessment
$368,690
Total Assessment
$2,310,261
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