JUST REDUCED!! Two-Story Commercial Asset Located in the Heart of the Vibrant Culver City/Palms Submarket
$1,765,000
10939 Venice Boulevard, Los Angeles, CA 90034
4.6
Cap Rate
105,696
NOI
Details:
Highlights:
- World Famous Bigfoot West
- Long term tenant with 8 years left
- Bigfoot West may consider an offer on the business
Description:
10939 Venice Boulevard is a prominent two-story commercial asset located in the heart of the vibrant Culver City/Palms submarket.
Comprising approximately 2,202 rentable square feet, the building features a world-famous ground-floor bar with dedicated office space above. The property is currently offered at a 4.6% CAP rate, supported by a stable, long-term tenant on a below-market lease that provides significant future upside.
This offering represents a rare opportunity to acquire a landmark building in one of the fastest-growing areas of West Los Angeles. As the home of Bigfoot West, the property benefits from a loyal local following and consistent foot traffic. The building’s unique “cabin” architecture provides exceptional street visibility, and the structure has been meticulously maintained, ensuring it remains a standout fixture in the neighborhood.
Strategically positioned near major transit hubs and the expanding tech campuses of Culver City, the property is an ideal long-term investment. Its location in a high-demand corridor with limited inventory ensures steady appreciation as it continues to attract both residents and tourists. Additionally, the bar operator may be open to a sale of the business, offering a potential buyer the flexibility of a turnkey hospitality acquisition alongside the real estate.
Location
Gallery