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Price Slashed for Year End Deal! 915 Venice Blvd 6,240 SF Retail Building Los Angeles, CA 90015 $2,900,000 ($464.74/SF)
INVESTMENT HIGHLIGHTS
- Cannabis Consumption Café, Dispensary, Manufacturing, Distribution, Delivery!
- Tax benefits of the DTLA Opportunity Zone
- Located at the intersection of sports, music, and hospitality
- $1,350,000 invested in capital improvements
- Strong 100% bonus depreciation components
- $700,000,000 spent on Entertainment within three miles
EXECUTIVE SUMMARY
Designed by Brinkworth, the London design firm for leading global brands including Adidas, All Saints, Arc’teryx, Cookies, Google, Harrods, Nike, Stussy, and Supreme. The concept provides high-end showroom space suitable for a global urban brand and is currently turn-key for a leading cannabis dispensary and consumption cafe.
This property also provides an owner-user or value-add investor with the ability to leverage its location in an Opportunity Zone to reduce or eliminate capital gains taxes (consult a CPA), to improve cash flow through applying the newly reinstated 100% bonus depreciation to elements of the Property, and reduce operating costs through its Silver LEED cetified condition.
This property also provides an owner-user or value-add investor with the ability to leverage its location in an Opportunity Zone to reduce or eliminate capital gains taxes (consult a CPA), to improve cash flow through applying the newly reinstated 100% bonus depreciation to elements of the Property, and reduce operating costs through its Silver LEED cetified condition.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,240 SF
Building Class
C
Year Built/Renovated
1921/2023
Price
$2,900,000
Price Per SF
$464.74
Tenancy
Single
Building Height
1 Story
Building FAR
0.84
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
M1-1, Los Angeles - LAM1-1
AB 2097
TOC Tier 2
Westlake Community Plan Area
CD1-Eunisses Hernandez
State Enterprise Zone
Opportunity Zone
Parking
6 Spaces (0.96 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (85)
Transit Score®
Excellent Transit (87)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5135-030-012 | Improvements Assessment | $185,711 |
| Land Assessment | $1,878,338 | Total Assessment | $2,064,049 |
PROPERTY TAXES
Parcel Number
5135-030-012
Land Assessment
$1,878,338
Improvements Assessment
$185,711
Total Assessment
$2,064,049
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Price Slashed for Year End Deal! | 915 Venice Blvd
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