Lincoln Blvd Mixed Use Center | 1700-1702 Lincoln Blvd
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Lincoln Blvd Mixed Use Center 1700-1702 Lincoln Blvd
8,292 SF 56% Leased Retail Building Venice, CA 90291 $6,850,000 ($826/SF)
Investment Highlights
- Excellent Venice Location
- Parking Lot in the Rear
- Three Retail Units and Four Apartments
- 60% Occupied
Executive Summary
WESTMAC Commercial Brokerage Company is offering the opportunity to acquire 1700-1702 Lincoln Boulevard. The property is located on Lincoln Boulevard, on the corner of Nowita Place, just a few blocks north of Venice Boulevard.
The subject property is a mixed-use building comprised of three ground floor retail units and four apartments on the second floor. The property is currently 60% occupied. Companion, a newly opened cafe serving coffee, pastries, pizza, and wine, occupies one third of the ground floor retail space. The other retail spaces are currently vacant. All four apartment units are occupied. There are two (2) two-bedroom apartments and two (2) one-bedroom apartments. Three of the units have outdoor space. The property features 14 parking spaces in the rear of the building.
The subject property is a mixed-use building comprised of three ground floor retail units and four apartments on the second floor. The property is currently 60% occupied. Companion, a newly opened cafe serving coffee, pastries, pizza, and wine, occupies one third of the ground floor retail space. The other retail spaces are currently vacant. All four apartment units are occupied. There are two (2) two-bedroom apartments and two (2) one-bedroom apartments. Three of the units have outdoor space. The property features 14 parking spaces in the rear of the building.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,292 SF
Building Class
B
Year Built
1925
Price
$6,850,000
Price Per SF
$826
Percent Leased
56%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.68
Lot Size
0.28 AC
Zoning
C2, Los Angeles - Commercial
Parking
14 Spaces (1.69 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1702
- 1,636-3,639 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1702 | 1,636-3,639 SF | Retail | - | Now |
1702
| Size |
| 1,636-3,639 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score ®
Walker's Paradise (93)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,569,467 | |
| Land Assessment | $3,888,333 | Total Assessment | $5,457,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,888,333
Improvements Assessment
$1,569,467
Total Assessment
$5,457,800
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Lincoln Blvd Mixed Use Center | 1700-1702 Lincoln Blvd
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