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$4,875,000

Est. payment - /mo

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8 BA

6,587 SqFt

Active Under Contract

1426 Main ST Venice, CA 90291

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/30/2024 05:12 PM

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 6,587 sqft

Price per Sqft $740

MLS Listing ID 24408041

HOA Y/N No

Year Built 1962

Lot Size 6,438 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAC2

Interior

Heating Central

Flooring Carpet

Fireplace No

Appliance Disposal, Refrigerator

Exterior

Garage Assigned, Garage, Side By Side, Tandem, Uncovered

Pool None

View Y/N Yes

Parking Type Assigned, Garage, Side By Side, Tandem, Uncovered

Total Parking Spaces 13

Private Pool No

Building

Lot Description Corners Marked, Rectangular Lot

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Traditional

Level or Stories Multi/Split

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 4238012006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Listed by Tamra (Tami) Pardee • Pardee Properties

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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