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$2,195,000

Beds
Unknown
sq ft
Unknown

116 Washington Blvd, Marina Del Rey, CA 90292

116 Washington Blvd

Venice, CA 90292

  • 1484 days on market
With some of the highest drive by counts & pedestrian foot traffic in So Cal, this trophy commercial development opportunity is located next to the iconic Venice Pier and Boardwalk. Surrounded by the ultra-hip influencers & uber-luxury lifestyle, with the trendiest shopping, restaurants & night life, this C4-zoned property allows a qualified investor-developer with an unprecedented opportunity to design-build their dream project, in the heart of Silicon Beach. Be surrounded among Google, YouTube, SnapChat, Electronic Arts & many advertising, high-tech, digital media, marketing companies minutes away, the ability to build multiple levels for various tenants offering stunning ocean views, with the convenience of existing public parking, gives an investor-developer even more flexibility with design concept, development & long-term investment potential of a modern, state-of-the-art multi-tenant commercial project steps from LAX, Loyola Marymount, SoFi Stadium, downtown LA and Santa Monica

Details

Property type

Est. home value

$1,671,895

Property condition

Updated/Remodeled

Lot size

1,890 sq ft

Price per sq ft

Unknown

Year built

1938

Price History

03/31/2023
CLAW

CLAW #20585882

Listed
$2,195,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Velocity Commercial Capital Llc

Loan start date

February 2022

Original loan amount

$714,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Commercial

Seller

Sunny Adams and Dorena Marks

Lender

Lbdt Trust

Loan start date

February 2022

Original loan amount

$204,000

Est. remaining balance

Not provided

Interest rate

3.22%

Loan type

Stand Alone Second

Seller

Sunny Adams and Dorena Marks

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/01/2024 at 7:45 AM

Listing updated: 02/16/2024 at 10:14 AM

Listed by: Mark Gallandt, Keller Williams Hollywood Hills Phone #: (310) 623-1300

MLS: CLAW #20585882

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