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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
- MLS® #19451484
- Square Footage2,248
- Year Built1959
- TypeResidential Income
- Parking Spaces3
- ParkingParking Space, Private (N), Side by Side, Parking for Guests - Onsite
- Date ListedApril 3rd, 2019
- Days on Market47
- Address2011 Ocean Front
- AreaVenice (C11)
- CountyLos Angeles
- Zip Code90291
- Interior FeaturesOther
- HeatingCentral Furnace
- CoolingCentral A/C
- # of Stories2
- Listing AgentOron Maher(02062365)
- Listing OfficeCalifornia Real Property, Inc
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Last updated on May 20th, 2019 at 3:32pm PDT