2011 Ocean Front
$4,500,000, 2 Beds 4 Baths 2,248 Sqft
About This Property
Once in a generation opportunity to own an irreplaceable mixed-use restaurant & residential bldg across the street from the busiest parking lot onVenice beach & near the paddle tennis courts. An investor can operate the building at a 4.17% return; or an owner-user to occupy the restaurant space and/or the residential above. The ground-floor features two restaurants - Jody Maroni's Sausage Kingdom, a staple in Venice Beach since 1979, and well-known poke restaurant, Poke-Poke. The upstairs residential unit features 2bd/2ba, an unobstructed view of the beach, and is located directly above the restaurant space. There are 3 parking spaces at the rear of the building. Both restaurants are owned & operated by the Seller, who is willing to lease the space at $10,000/month NNN. The apt will be delivered vacant & has a pro forma rent of 9,000/month as an Airbnb rental. Possibly add value to the restaurant by obtaining a beer & wine license by converting a freezer into two handicapped bathroom
Parking Space, Private (N), Side by Side, Parking for Guests - Onsite
The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
Listing information last updated on July 18th, 2019 at 2:10am PDT.