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5506 Venice Blvd
Los Angeles, CA 90019
Office Property For Sale
Investment Highlights
- Central to Culver City, West Adams, Mid-City, and Beverly Hills
- Located on busy signalized intersection with ±51,766 VP
- Located within an evolving corridor experiencing continued reinvestment
- Close proximity to the I-10 Freeway
- Surrounded by dense residential neighborhoods and neighborhood-serving retail
Executive Summary
5506 Venice Boulevard presents an opportunity to acquire a highly visible signalized hard-corner infill asset at Venice and Hauser Blvds., located along one of Los Angeles’ most active commercial corridors.
The approximately ±2,184 square foot building on ±8,973 square foot lot offers flexibility for an owner-user, investor, or developer seeking to capitalize on strong underlying land value and premier corner positioning.
Property Highlights:
- Prominent signalized hard corner location with excellent visibility and access
- High-exposure frontage along Venice Blvd.
- Dual-street access from Venice Blvd. and Hauser Blvd.
- Flexible C2-1VL-CPIO zoning supporting a variety of commercial and residential uses
- Land-driven value with low existing improvement coverage
The approximately ±2,184 square foot building on ±8,973 square foot lot offers flexibility for an owner-user, investor, or developer seeking to capitalize on strong underlying land value and premier corner positioning.
Property Highlights:
- Prominent signalized hard corner location with excellent visibility and access
- High-exposure frontage along Venice Blvd.
- Dual-street access from Venice Blvd. and Hauser Blvd.
- Flexible C2-1VL-CPIO zoning supporting a variety of commercial and residential uses
- Land-driven value with low existing improvement coverage
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
2,296 SF
Building Class
C
Year Built
1924
Price
$1,835,000
Price Per SF
$799.22
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,296 SF
Building FAR
0.25
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
LAC2 - Commercial
Parking
13 Spaces (5.66 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 5064-009-035 | Improvements Assessment | $349,965 |
| Land Assessment | $1,399,865 | Total Assessment | $1,749,830 |
Property Taxes
Parcel Number
5064-009-035
Land Assessment
$1,399,865
Improvements Assessment
$349,965
Total Assessment
$1,749,830
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