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$4,875,000

Beds
Unknown
sq ft
6,587

1426 Main St, Venice, CA 90291

1426 Main St

Venice, CA 90291

  • Pending
Welcome to Main & Market, situated in the heart and soul of Venice! This 7-unit mixed-use income property offers immense flexibility with office, commercial, and residential use. Take advantage of future development and tons of upside potential on an expansive lot! Perfect for your 1031 exchange Buyer, your real estate portfolio, or passive income - park your cash for a 6.37% CAP! This one-of-a-kind building offers a unique combination of residential and commercial spaces. Each unit has been thoughtfully designed to cater to various needs, from music production studios and film production spaces to designer creative studios and charming residential apartments. With beautiful built-ins and renovations done over time, this building comes with long-standing and well-established tenancy - you can step in and start reaping the benefits of rental income right away. One of the upstairs units features a spacious outdoor terrace with a built-in kitchen and BBQ area. This expansive outdoor space adds an extra touch of luxury and versatility to the property. The property also boasts ample parking, providing 13 parking spaces! Situated just seconds away from the beach, Windward Circle, and in the midst of the vibrant creative hub of Venice, this location is everything! Whether it's the allure of the beach, the energetic atmosphere of the neighborhood, or the thriving creative community, this property offers an unbeatable location. Bring your developers, investors, or owners/users!

Details

Property type

Est. home value

$7,720,641

Lot size

6,438 sq ft

Price per sq ft

$741

Year built

1962

HOA

No

Price History

10/30/2024
CLAW

CLAW #24408041

Pending
$4,875,000
07/19/2024
CLAW

CLAW #24408041

Listed
$4,875,000
-11.36%
06/28/2024
CLAW

CLAW #24346019

Removed
$5,500,000

Schools & Community

Neighborhood: 

Venice

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

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

Wells Fargo Bank Na

Loan start date

August 2016

Original loan amount

$0

Est. remaining balance

Not provided

Interest rate

3.54%

Loan type

Commercial

Seller

Main & Market Llc

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: Pending/Under Contract

Tomo last checked: 11/09/2024 at 8:40 AM

Listing updated: 10/30/2024 at 10:15 AM

Listed by: Tamra (Tami) Pardee, Pardee Properties Phone #: (310) 907-6517

MLS: CLAW #24408041

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