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1303-1305 Main Street
Venice, CA 90291

Price: $5,700,000 Zoning: C4-1
Bldg SF: 3,095 SF Price/SF: $1,842
Land SF: 8,448 SF Occupancy: 100%
Click For 1303 Main Street OMClick For 1305 Main Street OM

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Price: $5,700,000
Bldg SF: 3,095 SF
Land SF: 8,448 SF
Price/SF: $1,842
Occupancy: 100%
Click For 1303 Main Street OMClick For 1305 Main Street OM

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Andrew Leff
(818) 212-2815
Andrew.Leff@marcusmillichap.com
License # 01865688

Investment Highlights

World Renowned Venice, CA location just Two Blocks from the Beach

 

  • Corner location with excellent visibility and frontage
  • Ideally located two blocks from the Pacific Ocean
  • Venice has been known to attract north of 10 million visitors per year
  • Venice Beach is considered the 2nd largest tourist attraction in Southern California
  • Walking distance to the Venice Boardwalk, Venice Skate Park, Muscle Beach, Windward Park, Abbot Kinney, and the Venice Public Art Walls
  • Walking distance from popular eateries such as Eggslut, Tocaya Modern Mexican, and Groundwork Coffee Co.

 

Unique Offering with Short Term Leases Presents a Multitude of Potential Options

 

  • The subject property consists of two retail buildings located on two separate parcels, allowing an owner-user the ability to purchase one or both properties to utilize for their business
  • Excellent Parking with a total of eighteen parking spaces, a parking ratio of 4.97 per 1,000
  • Dense Foot Traffic with a walk score of 93 – Truly a Walker’s Paradise
  • Potential Development Site with frontage on three streets and a stable income stream to offset carrying costs during the planning and entitlement process
  • Tenants are on short term or month to month leases, creating the opportunity to occupy, stabilize, or develop on the property

 

Excellent Underlying Demographics and Dense Immediate Population in the Transcendent Venice, CA sub-market

 

  • This dense affluent immediate sub-market benefits from over 30,600 people within one mile of the property, 172,000 within three miles of the property, and 430,000 within five miles of the property
  • There are over 16,100 households located within one mile of the property, 87,000 within three miles, and 203,700 within five miles of the property
  • Average household income within one mile of the property surpasses $142,200, $138,500 within three miles, and $135,000 within five miles of the property