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5363 Venice Blvd 6,837 SF 100% Leased Retail Building Los Angeles, CA 90019 $3,695,000 ($540.44/SF) 6.22% Cap Rate
Executive Summary
Located along the highly visible Venice Boulevard corridor in Mid City, 5363-5373 Venice Blvd presents a rare opportunity to acquire a fully improved automotive property which is currently used as an auto body shop with an existing permitted paint booth and a mechanic shop. Ideal for collision repair, auto body, paint, mechanic shop, or specialty automotive users, the property offers excellent street frontage, strong traffic exposure, and long-term value in a market where automotive properties with existing spray booth infrastructure are increasingly difficult to replace. The property suits itself well for an owner/user or an investor.
TURNKEY AUTOMOTIVE INFRASTRUCTURE
Featuring an existing permitted paint booth, car lifts, and automotive improvements, the property is well positioned for collision repair, auto body, paint, restoration, mechanic shop or other specialized automotive operations, reducing the time and cost required to establish occupancy.
FUTURE DEVELOPMENT POTENTIAL
Zoned to build up to 40 units + retail by right.
TURNKEY AUTOMOTIVE INFRASTRUCTURE
Featuring an existing permitted paint booth, car lifts, and automotive improvements, the property is well positioned for collision repair, auto body, paint, restoration, mechanic shop or other specialized automotive operations, reducing the time and cost required to establish occupancy.
FUTURE DEVELOPMENT POTENTIAL
Zoned to build up to 40 units + retail by right.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,837 SF
Building Class
C
Year Built
1930
Price
$3,695,000
Price Per SF
$540.44
Cap Rate
6.22%
NOI
$229,829
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.24 AC
Zoning
LAC2
Parking
30 Spaces (4.39 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5069-031-039 | Improvements Assessment | $210,959 |
| Land Assessment | $365,593 | Total Assessment | $576,552 |
Property Taxes
Parcel Number
5069-031-039
Land Assessment
$365,593
Improvements Assessment
$210,959
Total Assessment
$576,552
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