1426 Main Street Venice, CA $ 5,500,000
1426 Main Street
$ 5,500,000
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1426 Main Street

Venice, CA, 90291
$ 5,500,000
Baths8.0 Sq 6,587

Monthly Estimate*

$ 38,419

Listed by Pardee Properties
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Studio

Multi-Family Home for sale in Venice, CA

for $5,500,000 with 8 full baths. This 6,587 square foot home was built in 1962 on a lot size of 0.1478.

Welcome to Main & Market, situated in the heart and soul of Venice! This 7-unit mixed-use income property offers immense flexibility with office, commercial, and residential use. Take advantage of future development and tons of upside potential on an expansive lot! Perfect for your 1031 exchange Buyer, your real estate portfolio, or passive income - park your cash for a 5.7% CAP! This one-of-a-kind building offers a unique combination of residential and commercial spaces. Each unit has been thoughtfully designed to cater to various needs, from music production studios and film production spaces to designer creative studios and charming residential apartments. With beautiful built-ins and renovations done over time, this building comes with long-standing and well-established tenancy - you can step in and start reaping the benefits of rental income right away. One of the upstairs units features a spacious outdoor terrace with a built-in kitchen and BBQ area. This expansive outdoor space adds an extra touch of luxury and versatility to the property. The property also boasts ample parking, providing 13 parking spaces! Situated just seconds away from the beach, Windward Circle, and in the midst of the vibrant creative hub of Venice, this location is everything! Whether it's the allure of the beach, the energetic atmosphere of the neighborhood, or the thriving creative community, this property offers an unbeatable location. Bring your developers, investors, or owners/users!

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Multi-Family Active

Price

$ 5,500,000

Bedrooms

Studio

Full Bath

8

Property Type

Multi-Family

Taxes

$ 0

Style

Traditional

Lot Size

0.1478

Year Built

1962

Town/City

Venice

County/Region

Los Angeles

MLS | Web ID

24346019

Days on Market

110

Features
General
Sewer Other
Heating Central
Possession CloseOfEscrow
Appliances Disposal Refrigerator
Zoning LAC2
Garage Spaces 0.0
Architectural Style Traditional
Pool Features None
Year Built 1962
Levels MultiSplit
Gross Income 442096.0
County Los Angeles
Net Operating Income 315157.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Buyer Financing Cash Conventional
Directions East of Pacific Ave West of Abbot Kinney North of Venice Blvd -- on the corner of Main Street + Market Street!
City Venice
Disclosures CoastalZone ListingBrokerAdvantage
Entry Location Ground Level w/steps
View Y/N Y
Senior Community Y/N N
High School District Los Angeles Unified
Open Parking Spaces 13.0
Total Units 7
MLS Area C11 - Venice
Lot Size Square Feet 6438.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Street Name Main
Listing Terms Cash Conventional
Spa Features None
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 75
Standard Status Active
Cap Rate 5.7
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Interior
Flooring Carpet
Total Stories 2
Common Walls NoCommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 0
Electric On Property Y/N N
Total Baths 8
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Exterior
Parking Features Assigned Garage SideBySide Tandem Uncovered
Lot Features CornersMarked RectangularLot
Total Parking 13.0
Lot Size Area 6438.0
Number of Buildings 1
Spa N
Building Area Total 6587.0
Lot Size Acres 0.1478
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1426
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* Excluded Features
List By
Pardee Properties

Broker

(310) 907-6517

Phone

Affordability Calculator

$38,419
Per Month
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Monthly Principal & Interest
$38,419
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4003522 Elementary School
4003523 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/11/2024$5,500,000 Listed Price

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1426 Main Street, Venice, CA, 90291 is a Multi-Family Home for sale at $5,500,000 with 6,587 sqft and a lot size of 0.1478. 1426 Main Street is a studio with 8.0 baths and was built in 1962. The property's zip code is 90291 which is in Venice, CA