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Image 1 - 12028 Venice Blvd, Los Angeles, California, 90066 - House for sale
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Venice Blvd, Los Angeles, Home For Sale
12028 Venice Blvd, Los Angeles, California, 90066

Venice Blvd, Los Angeles, Home For Sale

house for sale
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Listed: 07/31/24

12028 Venice Blvd, Los Angeles, California, 90066

6 Bed:
6 Bath:
6,194 Sq Ft Living Area:
Save
Price
$ 3,3M

About This House

Located one block from the Mar Vista Farmer's Market is this rare Venice Blvd retail and residential building with an easy cap rate of 6.7% without relocating any residential tenants. The property currently has two six residential 1-bedroom apartments, two retail stores, four office suites, and two single car garages. Two One-Car Garages can be Converted into One Studio ADU, Making Seven Total Residential Units. All of the retail and commercial tenants are on month-to-month leases allowing the opportunity to raise commercial rents to a reasonable pro forma income of$187, 560net and bringing your total building NOI to$221, 773or a 6.7% cap rate. Relocating residential tenants adds an Additional 20 % upside in rents. The front building is two stories …  Full description

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Mar Vista Housing & Living

Average sale prices for houses

4+ bed
Show as List Show as Graph
In August 2024, the asking price for 4 bed houses for sale in/near Mar Vista, Los Angeles, United States averaged $2,835,166, staying on the same level compared to the previous month.
Median price trends for properties for sale in Mar Vista, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474
Number of households: 1,4M
The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.