Investment Opportunity In Venice | Mixed-Use: Three Retail And Four Apartments

Description:

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.

Located in the heart of Venice, the subject property sits on Lincoln Boulevard, just north of Venice Boulevard. Lincoln is lined with the cafes, boutiques, and restaurants that make Venice one of the most desirable neighborhoods in Los Angeles. The surrounding area is home to a highly affluent demographic whose average household income within a one-mile radius is over $150,000

The property is conveniently located less than 30 minutes from LAX. Venice’s iconic Abbot Kinney Boulevard is less than a mile away. This is an excellent opportunity to own a premier property in the perfect Venice location.

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