Mixed-Use Building with Retail and
For Sale
Contact for pricing
1700-1702 Lincoln Blvd, Los Angeles, CA 90291
Mixed-use building with three retail units and four apartment units in Venice.
Property Size8,192 SF
Price / SF$714.11
Days on Market716
Property Features for 1700-1702 Lincoln Blvd
General Information
Standard status
Active
Size
8,192 SF
Property subtype
RETAIL
Site & Location
Neighborhood
Venice
Building Details
Tenancy
Multi
Listing Agency:
WESTMAC Commercial Brokerage Company
(310) 478-7700
Listed By:
T.C. Macker · License #01232033
(310) 966-4352
Source:
Moodyscre
Added: Nov 13, 2024
Changed: Oct 25
Last Checked: Oct 28 at 11:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WESTMAC Commercial Brokerage Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 1700-1702 Lincoln Blvd in Venice is a mixed-use investment featuring 3 retail units and 4 apartment units. The total building size is 8,192 square feet, configured to support both street-level retail and residential tenancy within the same property.
This for-sale mixed-use building offers a straightforward combined income approach, with separate retail and apartment components under one roof. The Venice setting supports an environment where retail and housing can coexist for day-to-day demand.
For buyers seeking a mixed-use structure with multiple unit types, this 7-unit configuration (3 retail and 4 apartments) provides a practical framework to evaluate leasing outcomes across both uses.
This for-sale mixed-use building offers a straightforward combined income approach, with separate retail and apartment components under one roof. The Venice setting supports an environment where retail and housing can coexist for day-to-day demand.
For buyers seeking a mixed-use structure with multiple unit types, this 7-unit configuration (3 retail and 4 apartments) provides a practical framework to evaluate leasing outcomes across both uses.
Key Highlights
- Mixed use with 3 retail units and 4 apartment units
- Total building size: 8,192 square feet
- For sale property at 1700‑1702 Lincoln Blvd in Venice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,113
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,802,260
$3.8M
Cap Rate 7%
$2,715,900
$2.7M
Cap Rate 9%
$2,112,367
$2.1M
Market Conditions
NOI Build-Up for 8,192 SF
Gross rent
$302.8K $36.96/SF
− Vacancy
−$31.2K −$3.81/SF
EGI
$271.6K $33.15/SF
− OpEx
−$81.5K −$9.95/SF
NOI
$190.1K $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,802,260
Cap Rate 7%
$2,715,900
Cap Rate 9%
$2,112,367
Alternative Uses
Best Use
Multifamily LT 5
$165.96M
$145.22M – $193.63M
NOI $11,617,550 @ 7.0% cap · market cap 198.59%
Second Best
Apartment 5plus
$144.83M
$126.73M – $168.97M
NOI $10,138,043 @ 7.0% cap · market cap 173.30%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
Explore this area
Business Placement
Demographics for 90291, CA
28,442
Population
16,709
Households
1.7
Avg Household Size
39
Median Age
72%
College-Educated
96%
High-School Grad
2.5 sq mi
ZIP Area
11,377
Density / Sq Mi
$119,043
Median Household Income
$83,008
Median Earnings
$2,630
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with three retail units and four apartment units in Venice.
Where is this mixed-use property located?
The property is located at 1700-1702 Lincoln Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Mixed use with 3 retail units and 4 apartment units; Total building size: 8,192 square feet; For sale property at 1700‑1702 Lincoln Blvd in Venice
