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8861 Venice Boulevard, Los Angeles, CA 90034

Commercial property · 2 recorded sales since 2023

8861 Venice Boulevard, Los Angeles, CA 90034 Sold November 2023 CRMLS
$1,700,000Sold November 2023

Listing Agent: Daniel John Cavanaugh (DRE #00576151) · Listing Office: Cavanaugh Realtors · Contact: 310-837-7161 · Bought with: Subscriber Non · Non-Participant Office · MLS #23306641 · Source: CRMLS

2,117
Building Sq Ft
7
Units
3.60%
Cap Rate
$60,742
NOI
3,821 sqft
Lot Size
1950
Year Built
LAC2
Zoning
Commercial property
Type

About this commercial property

Mixed-use 7 unit building on a corner location on Venice Boulevard a few blocks west of La Cienega Boulevard. This two-story building consists of two ground floor retail stores plus five one-bedroom apartments. Each unit is separately metered for electricity and the five residential units have their own gas meters. Parking is in the rear off the alley with room for 6 cars. New exterior paint and new roof. Incredible location right across the street from the planned Apple Campus development, the Helms Building, and the Metro E Line station. 3,825 square foot lot with C2 zoning and Tier 4 TOC designation. Great buy and hold opportunity in a location that is poised to take off. Please do not disturb tenants. Trust sale but court confirmation is not required.

Listing description from the November 2023 sale, as reported to CRMLS.

Sale history

$1,700,000
Sold November 2023 · on market August 2023 · MLS #23306641 · Source: CRMLS
Listing Agent: Daniel John Cavanaugh · Listing Office: Cavanaugh Realtors · Contact: 310-837-7161 · Bought with: Subscriber Non · Non-Participant Office
$1,700,000
Sold November 2023 · on market August 2023 · MLS #23306531 · Source: CRMLS
Listing Agent: Daniel John Cavanaugh · Listing Office: Cavanaugh Realtors · Contact: 310-837-7161 · Bought with: Subscriber Non · Non-Participant Office
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