Skip To Content

2010 Lincoln Boulevard

Venice, CA 90291
  • $2,875,000
  • STATUS: Active
  • ON SITE: 138 Days
  • ID#: 23232223
UPDATED: 27 min ago
$2,875,000
  • 0
    BEDS
  • 0.08
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,535
    SQFT
  • $813
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1950
County:
Area:

School Ratings & Info

School District:
Listing Agent(s): Tamra (Tami) Pardee of Pardee Properties (310-907-6517) and Samantha Kinnon of ()


Description

INCREDIBLE VALUE FOR VENICE INVESTMENT PROPERTY - PARK YOUR CASH FOR A 7.5% CAP IN THIS TURNKEY, MODERN + NEWLY RENOVATED RETAIL/OFFICE MIXED-USE BUILDING! This premier opportunity is a full NNN property - no expenses, and low maintenance in one of the best locations in the hub of one of the best Venice corridors, and one of the most well-known streets in Los Angeles! This building is perfect for an owner/user or as a high-return investment opportunity. Endless options are here in this well-maintained building completely remodeled in 2014, has 5 parking spaces, and offers you the perfect property for your 1031 exchange and passive income investors. With excellent frontage, this property comprises 3,603 sqft divided into 3 retail spaces and 1 office/artist loft. The entire bottom floor consists of 3 ground floor retail spaces ranging between an estimated 660 to 768 sqft, with the entire ground floor (all 3 units) rented to a well-known local favorite pet store. The entire bottom floor space has been thoughtfully curated and is a perfectly cohesive space yet can easily be turned back into three separate spaces. Two bathrooms on the ground level and plenty of storage. Move upstairs to a fabulous designer-done office space that makes up the entire second floor. This open-concept space offers a kitchen, two bathrooms, and a conference room. Enjoy a fabulous expansive roof deck patio, with a beautiful trellis that encapsulates the space and gives an indoor/outdoor flow truly the perfect space! Located on "The Linc" you are in one of the most well-desired parts of the Lincoln Corridor. You are surrounded by amazing boutique shops, restaurants, and a quick walk to the new Venice West live music venue. Situated in a high-traffic area, within a mile of Abbot Kinney and the beach, this is one of a kind and not one to be missed! **See attached package for Rent Roll & Lease Info**

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T14:37:48.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
www.tolivebythesea.com/homes/136057666
Print Image

2010 Lincoln Boulevard Venice, CA 90291

  • Price: $2,875,000
  • Status: Active
  • On Site: 138 Days
  • Updated: 27 min ago
  • ID#: 23232223
0
Beds
0
Baths
0
½ Baths
0.08
Acres
3,535
SQFT
$813
$/SQFT
1950
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
School District:
Los Angeles Unified
Property Description
INCREDIBLE VALUE FOR VENICE INVESTMENT PROPERTY - PARK YOUR CASH FOR A 7.5% CAP IN THIS TURNKEY, MODERN + NEWLY RENOVATED RETAIL/OFFICE MIXED-USE BUILDING! This premier opportunity is a full NNN property - no expenses, and low maintenance in one of the best locations in the hub of one of the best Venice corridors, and one of the most well-known streets in Los Angeles! This building is perfect for an owner/user or as a high-return investment opportunity. Endless options are here in this well-maintained building completely remodeled in 2014, has 5 parking spaces, and offers you the perfect property for your 1031 exchange and passive income investors. With excellent frontage, this property comprises 3,603 sqft divided into 3 retail spaces and 1 office/artist loft. The entire bottom floor consists of 3 ground floor retail spaces ranging between an estimated 660 to 768 sqft, with the entire ground floor (all 3 units) rented to a well-known local favorite pet store. The entire bottom floor space has been thoughtfully curated and is a perfectly cohesive space yet can easily be turned back into three separate spaces. Two bathrooms on the ground level and plenty of storage. Move upstairs to a fabulous designer-done office space that makes up the entire second floor. This open-concept space offers a kitchen, two bathrooms, and a conference room. Enjoy a fabulous expansive roof deck patio, with a beautiful trellis that encapsulates the space and gives an indoor/outdoor flow truly the perfect space! Located on "The Linc" you are in one of the most well-desired parts of the Lincoln Corridor. You are surrounded by amazing boutique shops, restaurants, and a quick walk to the new Venice West live music venue. Situated in a high-traffic area, within a mile of Abbot Kinney and the beach, this is one of a kind and not one to be missed! **See attached package for Rent Roll & Lease Info**
Exterior Features

Architectural Style Contemporary Construction Materials Stucco Direction Faces West Entry Location Other Open Parking Spaces 3 Parking Features AssignedDoor-MultiDrivewayGarageUncovered Parking Total 5 Patio And Porch Features Deck Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Refrigerator Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Wood Heating Central Heating YN Yes

Property Features

Association YN No Buyer Financing Cash Cap Rate 7.5 Disclosures Coastal ZoneListing Broker Advantage Garage YN Yes Gross Income 225948 Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Net Operating Income 214651 New Construction YN No Possession Close Of Escrow Property Condition Updated/Remodeled Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGasInsuranceOtherTaxesWater Vacancy Allowance Rate 0 Zoning Lac2



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-06-01T14:37:48.8. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370811410-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370811410-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_370811410-1.jpg
Logo
Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Tamra (Tami) Pardee of Pardee Properties (310-907-6517) and Samantha Kinnon of ()