Corner Storefront Retail
For Sale
$1,700,000
2030 - 2042 Venice, Los Angeles, CA 90006
Standalone commercial building with LAC1 zoning and separately metered electric service.
Property Size4,316 SF
Lot Size0.21 Acres
Days on Market173
Property Features for 2030 - 2042 Venice
General Information
Standard status
Active
Size
4,316 SF
Lot size
0.21 Acres
Property subtype
Commercial
Zoning
LAC1
Occupancy
100%
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Additional Details
Gross Income
$78,600
Building Details
Building Size
4,316 SF
Year Built
1925
Buildings
1
Units
5
Tenancy
Multi
Listed By:
Surin Poommai · License #DRE #01354205
(866) 344-7473
Source:
Elliman
Added: Apr 29
Changed: Oct 10
Last Checked: Oct 16 at 11:01AM
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 Surin Poommai
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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.
Built in 1925, this standalone retail property occupies a 9,292 sq. ft. corner lot with frontage on Venice Boulevard. The building was originally arranged as eight retail units with eight bathrooms and is currently configured as five units. All five existing units are occupied, and the layout may support a return to the original eight-unit configuration.
The property includes the addresses 2030, 2032, 2034, 2038, and 2042 Venice. It is zoned LAC1 and positioned along a high-traffic commercial corridor with convenient street access. Each unit has separate electric metering, with tenants responsible for their own power usage. Walk Score is 86, Transit Score is 62, and Bike Score is 65.
The property includes the addresses 2030, 2032, 2034, 2038, and 2042 Venice. It is zoned LAC1 and positioned along a high-traffic commercial corridor with convenient street access. Each unit has separate electric metering, with tenants responsible for their own power usage. Walk Score is 86, Transit Score is 62, and Bike Score is 65.
Key Highlights
- 9,292 sq. ft. corner lot with frontage on Venice Boulevard
- Originally configured as 8 retail units with 8 bathrooms
- Currently operating as 5 occupied units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,162
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,003,240
$2.0M
Cap Rate 7%
$1,430,886
$1.4M
Cap Rate 9%
$1,112,911
$1.1M
Market Conditions
NOI Build-Up for 4,316 SF
Gross rent
$159.5K $36.96/SF
− Vacancy
−$16.4K −$3.81/SF
EGI
$143.1K $33.15/SF
− OpEx
−$42.9K −$9.95/SF
NOI
$100.2K $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%
$2,003,240
Cap Rate 7%
$1,430,886
Cap Rate 9%
$1,112,911
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,162 @ 7.0% cap · market cap 5.89%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$87.44M
$76.51M – $102.01M
NOI $6,120,770 @ 7.0% cap · market cap 360.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,551
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Market
Vacancy Rate% for Retail in Los Angeles, CA
Similar Off Market Nearby
- Ricky & Jacky Flower Shop — 1927 S Western Ave, Los Angeles, CA 90018
- Florist — Washington / Harvard, Los Angeles, CA 90018
- CJ Matsumoto & Sons — 1865 Cordova St, Los Angeles, CA 90007
- Gonda Events Florist
- City Flowers — 1709 W Washington Blvd, Los Angeles, CA 90007
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone commercial building with LAC1 zoning and separately metered electric service.
Where is this storefront property located?
The property is located at 2030 - 2042 Venice Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,292 sq. ft. corner lot with frontage on Venice Boulevard; Originally configured as 8 retail units with 8 bathrooms; Currently operating as 5 occupied units
