116 WASHINGTON Boulevard, Venice, CA 90292
Commercial property
Sold September 2020
Listing Agent: Mark Gallandt (DRE #01913813) · Listing Office: Keller Williams Silicon Beach · Contact: 310-305-8333 · Bought with: Mark Gallandt · Keller Williams Silicon Beach · MLS #20588634 · Source: CRMLS
How this sale compares
116 WASHINGTON Boulevard sold for $1,350,000 in September 2020, 31% under its $1,949,000 list price, after 72 days on the market. It was first listed at $2,195,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
With some of the highest drive by counts & pedestrian foot traffic in So Cal, this trophy commercial development opportunity is located next to the iconic Venice Pier and Boardwalk. Surrounded by the ultra-hip influencers & uber-luxury lifestyle, with the trendiest shopping, restaurants & night life, this C4-zoned property allows a qualified investor-developer with an unprecedented opportunity to design-build their dream project, in the heart of Silicon Beach. Be surrounded among Google, YouTube, SnapChat, Electronic Arts & many advertising, high-tech, digital media, marketing companies minutes away, the ability to build multiple levels for various tenants offering stunning ocean views, with the convenience of existing public parking, gives an investor-developer even more flexibility with design concept, development & long-term investment potential of a modern, state-of-the-art multi-tenant commercial project steps from LAX, Loyola Marymount, SoFi Stadium, downtown LA and Santa Monica
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history