12028 Venice Boulevard, Los Angeles, CA 90066

Local realty services provided by:ERA Excel Realty
#1#2#3
12028 Venice Boulevard,Los Angeles, CA 90066
$2,695,000
  • 6 Beds
  • 6 Baths
  • 6,194 sq. ft.
  • Multi-family
  • Active
Listed by:oron maher
Office:maher commercial realty
MLS#:24354063
Source:CRMLS

Price summary

  • Price:$2,695,000
  • Price per sq. ft.:$435.1

About this home

A rare investment opportunity in the heart of Mar Vista, this two-story mixed-use building offers immediate income, long-term upside, and strong intrinsic land value. Built in1960, the property spans approximately 6,194 square feet on an 8,248 SF LAC2 lot with TOC Tier 2 designation positioning it as both a high-performing asset and a compelling land bank play for future development. The 2,192 SF ground floor retail component sits on a highly visible stretch of Venice Blvd, steps from the Mar Vista Farmers Market and Mar Vista Library. It currently features a tailor, a fortune teller, and several small office rooms all month-to-month tenants paying below-market rents. A savvy operator can reconfigure and consolidate the retail into two long-barrel storefronts (a common and desirable layout along Venice Blvd), targeting market rents of $5/SF NNN. This repositioning supports a pro forma NOI of approximately $131,520 annually, which at a 5% cap rate, values just the ground floor at

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Home facts

  • Year built:1960
  • Listing Id #:24354063
  • Added:403 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:6
  • Living area:6,194 sq. ft.

Structure and exterior

  • Year built:1960
  • Building area:6,194 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$2,695,000
  • Price per sq. ft.:$435.1
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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