619 & 701 Ocean Front Walk | 619 Ocean Front Walk
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619 & 701 Ocean Front Walk 619 Ocean Front Walk
35,491 SF 59% Leased Office Building Venice, CA 90291 For Sale
Investment Highlights
- The Property boasts an impressive physical presence on the Pacific Ocean with 10 spacious lofts averaging 4,235 SF.
- Previously occupied by Carvana and SNAP, the Property provides optionality to be utilized as creative office.
- The 619 Ocean Front Walk building offers immediate occupancy for a full-building owner/user.
- The Property is individually condo mapped and presents the potential to acquire 10 ultra-luxury lofts "in bulk" at material discount.
- The 701 Ocean Front Walk building is currently occupied by a mix of innovative companies on short-term leases.
Executive Summary
Two 3-story oceanfront buildings overlooking the Pacific Ocean in Venice, California. Built in 2008, the Property includes 10 beachfront live/work lofts with rooftop decks, prime ground floor retail, and abundant subterranean parking.
Contemporary architecture, incomparable ocean views, and designer interiors create one of the most desirable beachfront experiences in Los Angeles. The Property’s coveted location is blocks from trendy Abbot Kinney Boulevard and surrounded by many of the world’s largest technology companies including Google, Snap, and X. Venice is also recognized as an “incubator” for start-ups including MagicLinks, System1, Enervee, Wevr, and many others.
Contemporary architecture, incomparable ocean views, and designer interiors create one of the most desirable beachfront experiences in Los Angeles. The Property’s coveted location is blocks from trendy Abbot Kinney Boulevard and surrounded by many of the world’s largest technology companies including Google, Snap, and X. Venice is also recognized as an “incubator” for start-ups including MagicLinks, System1, Enervee, Wevr, and many others.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
35,491 SF
Building Class
A
Year Built
2008
Percent Leased
59%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,235 SF
Building FAR
2.09
Lot Size
0.39 AC
Zoning
C-1-1 - Commercial
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Walk Score®
Walker's Paradise (93)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,805,851 | |
| Land Assessment | $5,707,603 | Total Assessment | $9,513,454 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,707,603
Improvements Assessment
$3,805,851
Total Assessment
$9,513,454
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619 & 701 Ocean Front Walk | 619 Ocean Front Walk
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