$7,500,000
$10,000,000
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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
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