- $2.7M Price
- 6,194 Sqft
- .19 Acres
- 593 DOM
12028 Venice Boulevard
Prime Mar Vista mixed-use investment opportunity featuring six residential units, two retail storefronts, seven small one-room commercial offices, and two one-car garages, all situated on an 8,200 sq. ft. C2 TOC Tier 2 zoned parcel. The property currently has one vacant residential unit and two vacant office suites, while the remaining tenants are all month-to-month. The front building includes two retail stores, seven small offices, and four residential units above, while the rear building offers two additional residential units. Two one-car garages between the buildings present excellent ADU conversion potential. With an in-place cap rate of 5.8% (once three vacancies are filled); and a pro forma cap rate of 10% once building is stabilized, this is the best value in Mar Vista. The zoning allows development of 30-32 units on-site. Located on the same block as the Mar Vista Farmers Market and surrounded by popular eateries, coffee shops, and boutique retailers, the property offers unmatched neighborhood appeal, with Venice Beach, Abbot Kinney, and Marina del Rey just minutes away.
Essential Information
- MLS® #24354063
- Price$2,695,000
- Bathrooms0.00
- Square Footage6,194
- Acres0.19
- Year Built1960
- TypeResidential Income
- StatusActive
Community Information
- Address12028 Venice Boulevard
- AreaC13 - Palms - Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90066
Amenities
- Parking Spaces17
Parking
One Space, Side By Side, Uncovered
Garages
One Space, Side By Side, Uncovered
Interior
- # of Stories2
- StoriesTwo
Additional Information
- Date ListedFebruary 1st, 2024
- Days on Market593
- ZoningLAC2
Listing Details
- AgentOron Maher
- OfficeMaher Commercial Realty
Price Change History for 12028 Venice Boulevard, Los Angeles, (MLS® #24354063)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $2,895,000 to $2,695,000 | ||
| Price Reduced from $2,995,000 to $2,895,000 | ||
| Price Reduced from $3,295,000 to $2,995,000 |
Oron Maher, Maher Commercial Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of September 27th, 2025 at 6:26pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.