Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90066 12900 Venice Boulevard

12900 Venice Boulevard Los Angeles, CA - Image 112900 Venice Boulevard Los Angeles, CA - Image 212900 Venice Boulevard Los Angeles, CA - Image 3
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12900 Venice Boulevard Los Angeles, CA - Image 412900 Venice Boulevard Los Angeles, CA - Image 512900 Venice Boulevard Los Angeles, CA - Image 612900 Venice Boulevard Los Angeles, CA - Image 712900 Venice Boulevard Los Angeles, CA - Image 812900 Venice Boulevard Los Angeles, CA - Image 912900 Venice Boulevard Los Angeles, CA - Image 10
Presented By: Jeff Berris with Hilton & Hyland;
  • MLS# 25549997
  • 06/09/2025
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  • SQFT • 4,350
  • Year Built • 1955

Home Details

We are thrilled to present this exceptional opportunity in the heart of Mar Vista, located on the corner of one of West LA's most rapidly appreciating submarkets. This trophy property along the vibrant Venice Boulevard corridor offers a rare combination of value add potential with 50% upside in rents, or an exciting owner user restaurant or retail re-development, in a high-barrier-to-entry market. Currently, the properties are all leased to one family on an an absolute triple net basis. Tenant pays rent and all expenses, including repairs & maintenance, property taxes and insurance. One family member runs the market, another runs the cafe', and another lives in the apartment unit. The lease matures in July 2026 for all properties. Current rents are approximately 50% below market, which translates to big opportunity for the next owner. Great options for a new owner to: 1. Purchase, invest in interiors, and lease at market rents, or 2. Enlarge Cafe to over 2,600 sq. ft. by combining with attached unit & keep market free standing, or 3. Combine all three uses for over 4,300 sq ft of restaurant, retail or mixed-use space! Venice Blvd has over 47,000 cars per day passing by this location, great trendy restaurants and night life already exist on this intersection. First time on market in over 25 years! This is an exciting opportunity with strong upside, and can support flexible business plans for the properties.
Presented By: Jeff Berris with Hilton & Hyland;

Interior Features for 12900 Venice Boulevard

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryCloset
Total Stories1

General for 12900 Venice Boulevard

Additional Parcels Y/NNo
Attached Garage No
Building NameSaby's Cafe & One Apartment Unit
Business NameSaby's Cafe, Marios Brothers Mini Market
Business TypeFoodAndBeverage
Buyer FinancingCash
Cap Rate6.02
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco
CountyLos Angeles
DirectionsTo get to 12900 & 12904 Venice Blvd from the 405 freeway heading south, take the Venice Blvd exit (Exit 19). You'll need to follow Venice Blvd in a westward direction, and you will find the properties
ElectricStandard
Electric On Property Y/NNo
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingBaseboard, Central, Electric, NaturalGas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lease TypeNnn
Listing TermsCash
Lot Size Square Feet5407.0
Lot Size UnitsSquareFeet
MLS AreaC13 - Palms - Mar Vista
MobileHomeRemainsYNNo
Net Operating Income270600.0
New ConstructionNo
Number Of Units Total1
Open Parking Spaces6.0
Other StructuresLivingQuarters
Ownership TypeSoleProprietor
Property Attached Y/NNo
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeCommercialSale
Rent Control Y/NNo
RoofFlat, Mansard
Security FeaturesFireDetectionSystem, SmokeDetectors
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
UtilitiesElectricityAvailable, NaturalGasAvailable
Year Built1955
ZoningLAC2

Exterior for 12900 Venice Boulevard

Building Area Total4350.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions29 x 100
Lot FeaturesCornerLot, NearPublicTransit, RectangularLot, StreetLevel
Lot Size Acres0.1241
Lot Size Area5407.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Alexandra Eston

Sales Associate
Price $4,495,000
MLS#25549997
List Date 06/09/2025
Property Type Commercial
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