$7,500,000
$10,000,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
4,051 Sqft Lot
SOLD DATE : 05/08/2024
Key Details
Sold Price $7,500,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24352389
Sold Date 05/08/24
HOA Y/N No
Year Built 1923
Lot Size 4,051 Sqft
Property Description
Trophy Retail Property located in the hippest neighborhood on "The Best Shopping Street in America" per Vogue Magazine. Owner / User or Investment opportunity. First time on market in 50 years, sold "As-Is". Original 1923 single-story, stand-alone building, approx. 3,054 sq. ft., with 2 Retail Units, 1108 and 1108-C. Space for approx. 5 parking spots in rear. Lot size shows 4,050 sq. ft. per Assessor and Title Co. Building includes a partial mezzanine. 1108 has 1 full restroom in rear, 1108-C has 1 full restroom upstairs and a half bath downstairs. Building has 2.5 bathrooms total. Bazar, a 25-year Tenant, has a lease which terminates on 05/31/24 and currently pays under market at $14k a mo. The Pleasing, currently in 1108 is a Harry Styles owned Company and a "Pop-Up" store, with a lease terminating 02/29/24, paying $38k per mo. Property to be delivered vacant at COE. Immediate Retail neighbors include Rag & Bone, Away, Lulu Lemon, Vuori, Doc Martens, Le Labo Fragrances, an Estee Lauder Co., Blue Star Coffee, The Butchers Daughter, etc. This is an opportunity to own a piece of cultural history in a highly desirable, iconic, upscale area, with a very high walk score, near the ocean, seeped in a rich, bohemian tradition of art, music, creativity, shopping and dining. Carpe diem!
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAC2
Interior
Heating Wall Furnace
Fireplace No
Laundry None
Exterior
Roof Type Flat,Rolled/Hot Mop
Total Parking Spaces 5
Building
Lot Description Near Public Transit
Story 5
Others
Tax ID 4238003004
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Subscriber Non • Non-Participant Office
GET MORE INFORMATION
REALTOR® | Lic# 01314776