Seize this exceptional investment opportunity in one of Los Angeles’ most sought-after locations! This mixed-use property sits on an 8,200 sq. ft. lot and offers immediate value-add potential with significant upside in both commercial and residential rental income. The ground floor features nine commercial spaces, including two retail storefronts and seven small offices, all currently leased month-to-month at below-market rents, presenting an immediate 52% upside in commercial leases, which can bring the cap rate to 7.9%.

Above the commercial spaces, the property includes six residential units, each consisting of one bedroom and one bath with 53% upside in rental income. Additionally, the lot size allows for the development of approximately 30 residential units, and there’s an option to purchase the neighboring 12034 Venice Blvd to create a combined 74-unit development site. As an added bonus, the property features two 1-car garages at the rear, which could be converted into a one-bedroom ADU for additional revenue.

Situated in a highly walkable, food-centric hub of West LA, this property is positioned on the same block as the Mar Vista Farmers Market, making it an ideal location for tenants and future development. With a projected 9% cap rate after value-add enhancements, this is an A+ investment in a booming Los Angeles submarket. Don’t miss this chance to capitalize on one of the city’s best mixed-use opportunities.