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Business opportunity for sale in Venice
USD 2,100,000
Business opportunity (For sale)
Reference:
EDEN-T96001703
/ 96001703
Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
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Probate Sale. Subject to Court confirmation and overbidding in Court. 8-Unit mixed-use property located in a trendy district of West LA. Easy access to shopping, dining options, entertainment, and I-405. Minutes from Downtown Culver City and Venice Beach. Excellent opportunity for a savvy investor to acquire a prime westside location with significant value-add potential. For sale AFTER 58 years! Unit mix 5 x 2 bed 1 bath and 1 x 1 bed 1 bath residential units, plus 2 commercial units. One large 2 bedroom unit is vacant, and will be delivered vacant at COE. All units are separately metered for both gas and electricity. Mandatory Soft Story Retrofit has NOT been done and a Certificate of Substandard Building has been recorded by the City on the title on Feb. 05, 2019. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Sold AS IS & Where IS, with current tenant(s) in place. Seller will not be responsible for any repairs, inspection reports, termite work, and mandatory government retrofit requirements prior to close. Buyer to conduct their own investigations.
Reference:
EDEN-T96001703
Country:
US
City:
Los Angeles
Category:
Commercial
Listing type:
For sale
Property type:
Business opportunity
Property size:
50,171 sqft
Lot size:
53,873 sqft
Rooms:
8
Bedrooms:
12
Bathrooms:
6
Floor:
2
REAL ESTATE PRICE PER SQFT IN NEARBY CITIES
| City |
Avg price per sqft house |
Avg price per sqft apartment |
|---|---|---|
| Mahou Riviera | USD 2,160 | - |
| Los Angeles | USD 631 | - |
| Orange | USD 556 | USD 503 |
| Riverside | USD 329 | USD 316 |
| California | USD 419 | USD 478 |
| Maricopa | USD 279 | - |
| United States | USD 367 | USD 798 |