12028 Venice Boulevard, Los Angeles, CA 90066

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
12028 Venice Boulevard,Los Angeles, CA 90066
$2,695,000
  • 6 Beds
  • 6 Baths
  • 6,194 sq. ft.
  • Multi-family
  • Active
Listed by:oron maher
Office:maher commercial realty
MLS#:24354063
Source:CRMLS

Price summary

  • Price:$2,695,000
  • Price per sq. ft.:$435.1

About this home

Prime Mar Vista mixed-use investment opportunity featuring six residential units, two retail storefronts, seven small one-room commercial offices, and two one-car garages, all situated on an 8,200 sq. ft. C2 TOC Tier 2 zoned parcel. The property currently has one vacant residential unit and two vacant office suites, while the remaining tenants are all month-to-month. The front building includes two retail stores, seven small offices, and four residential units above, while the rear building offers two additional residential units. Two one-car garages between the buildings present excellent ADU conversion potential. With an in-place cap rate of 5.8% (once three vacancies are filled); and a pro forma cap rate of 10% once building is stabilized, this is the best value in Mar Vista. The zoning allows development of 30-32 units on-site. Located on the same block as the Mar Vista Farmers Market and surrounded by popular eateries, coffee shops, and boutique retailers, the property offers

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Home facts

  • Year built:1960
  • Listing ID #:24354063
  • Added:447 day(s) ago
  • Updated:September 26, 2025 at 10:46 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:6,194 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:6,194 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$2,695,000
  • Price per sq. ft.:$435.1
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