Venice, CA 90291 1426 Main Street
$4,875,000
12 more
Presented By: Tamra (Tami) Pardee with Pardee Properties;
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 6.37% 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
Half Baths
Total Baths8
Other Interior Features
LivingAreaSourceOther
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
FlooringCarpet
Heating Y/NYes
Total Stories2
General for 1426 Main Street
Additional Parcels Y/NNo
AppliancesDisposal, Refrigerator
Architectural StyleTraditional
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate6.37
Carport Spaces0.0
Carport Y/NNo
CityVenice
CountyLos Angeles
Days on Market25
DirectionsEast of Pacific Ave, West of Abbot Kinney, North of Venice Blvd -- on the corner of Main Street + Market Street!
DisclosuresCoastalZone, ListingBrokerAdvantage
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Full Baths
Garage Spaces0.0
Garage Y/NNo
Gross Income456492.0
HeatingCentral
High School DistrictLos Angeles Unified
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet6438.0
Lot Size UnitsSquareFeet
MLS AreaC11 - Venice
MobileHomeRemainsYNNo
Net Operating Income329762.0
New ConstructionNo
NumberOfUnitsTotal7
Open Parking Spaces13.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerOther
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
TermsCash, Conventional
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
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Garage, SideBySide, Tandem, Uncovered
SpaNo
Total Parking13.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480