Venice, CA 90291 1426 Main Street

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Presented By: Tamra (Tami) Pardee with Pardee Properties;
  • MLS# 24346019
  • 01/10/2024
  • Request Tour
  • Request Info
  • BathBaths • 8
  • FootageSQFT • 6,587
  • GarageGarage • 1

Home Details

Welcome to Main & Market, situated in the heart and soul of Venice! This 7-unit mixed-use income property offers immense flexibility with office, commercial, and residential use. Take advantage of future development and tons of upside potential on an expansive lot! Perfect for your 1031 exchange Buyer, your real estate portfolio, or passive income - park your cash for a 5.7% CAP! This one-of-a-kind building offers a unique combination of residential and commercial spaces. Each unit has been thoughtfully designed to cater to various needs, from music production studios and film production spaces to designer creative studios and charming residential apartments. With beautiful built-ins and renovations done over time, this building comes with long-standing and well-established tenancy - you can step in and start reaping the benefits of rental income right away. One of the upstairs units features a spacious outdoor terrace with a built-in kitchen and BBQ area. This expansive outdoor space adds an extra touch of luxury and versatility to the property. The property also boasts ample parking, providing 13 parking spaces! Situated just seconds away from the beach, Windward Circle, and in the midst of the vibrant creative hub of Venice, this location is everything! Whether it's the allure of the beach, the energetic atmosphere of the neighborhood, or the thriving creative community, this property offers an unbeatable location. Bring your developers, investors, or owners/users!
Presented By: Tamra (Tami) Pardee with Pardee Properties;

Interior Features for 1426 Main Street

Bedrooms

Total Bedrooms

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths8

Other Interior Features

LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Street SuffixStreet
Total Stories2

General for 1426 Main Street

Additional Parcels Y/NNo
AppliancesDisposal, Refrigerator
Architectural StyleTraditional
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate5.7
Carport Spaces0.0
Carport Y/NNo
CityVenice
CountyLos Angeles
Days on Market75
DirectionsEast of Pacific Ave, West of Abbot Kinney, North of Venice Blvd -- on the corner of Main Street + Market Street!
DisclosuresCoastalZone, ListingBrokerAdvantage
Entry LocationGround Level w/steps
Garage Spaces0.0
Garage Y/NNo
Gross Income442096.0
HOA / Comm AssnNo
HeatingCentral
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash, Conventional
Lot Size Square Feet6438.0
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income315157.0
New ConstructionNo
Open Parking Spaces13.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameMain
Total Units7
View Y/NYes
Waterfront Y/NNo
Year Built1962
ZoningLAC2

Exterior for 1426 Main Street

Building Area Total6587.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCornersMarked, RectangularLot
Lot Size Acres0.1478
Lot Size Area6438.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Garage, SideBySide, Tandem, Uncovered
SpaNo
Total Parking13.0

Additional Details

Price History

1527188455

First Team Client Services

Price $5,500,000
MLS#24346019
List Date 01/10/2024
Property Type Multi-Family
Phone 714.964.3311
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