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  • Price$4,500,000
  • Beds2
  • Baths4
  • Sq. Ft.2,248
  • Built1959

2011 Ocean Front, Venice

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

Amenities

  • Parking Spaces3
  • ParkingParking Space, Private (N), Side by Side, Parking for Guests - Onsite

Additional Information

  • Date ListedApril 3rd, 2019
  • Days on Market47
  • ZoningLAR3

Community Information

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

Interior

  • Interior FeaturesOther
  • HeatingCentral Furnace
  • CoolingCentral A/C
  • # of Stories2

Listing Details

  • Listing AgentOron Maher(02062365)
  • Listing OfficeCalifornia Real Property, Inc
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Last updated on May 20th, 2019 at 3:32pm PDT