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

Essential Information

MLS® #19451484
Price$4,500,000
Bedrooms2
Bathrooms4.00
Square Footage2,248
Acres0.00
Year Built1959
TypeResidential Income
Sub-TypeDuplex
StatusActive

Community Information

Address2011 Ocean Front
AreaVenice (C11)
CityVenice
CountyLos Angeles
StateCA
Zip Code90291

Amenities

Parking Spaces3

Parking

Parking Space, Private (N), Side by Side, Parking for Guests - Onsite

Interior

Interior FeaturesOther
HeatingCentral Furnace
CoolingCentral A/C
# of Stories2

Additional Information

Date ListedApril 3rd, 2019
Days on Market105
ZoningLAR3
HOA Fees0.00

Listing Details

AgentOron Maher(02062365)
OfficeCalifornia Real Property, Inc

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Listing information last updated on July 18th, 2019 at 2:10am PDT.

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