Description
12926 Venice Boulevard is a retail investment at the corner of Venice Boulevard and Lyceum Avenue in Los Angeles, CA. Ground-floor tenants provide an income base, while a vacant second-floor penthouse gives a buyer a distinct owner-user or leasing decision.
Built in 1954, the Property sits on 0.18 acres and is zoned [Q]C2-1. Angel City Pizza, re_grocery, and Enter Martial Arts occupy the ground-floor retail suites, giving the street frontage a mix of food, grocery, and service businesses. NNN leases and scheduled rental increases support the income story. The renovated penthouse has exclusive use of a private rooftop deck, separating its indoor and outdoor experience from the retail tenancies. Rear parking accommodates 9 vehicles.
The Venice Boulevard and Lyceum Avenue corner puts the retail suites in view of passing traffic and gives the penthouse its own position above the storefronts. The property is described as having access to Venice, Mar Vista, Santa Monica, and Culver City, connecting its retail and upper-floor uses with surrounding Westside neighborhoods. For a buyer, that setting makes the ground-floor tenant mix and the penthouse opportunity parts of the same investment, rather than competing uses of the property.
At $655 PSF, the sale pairs an existing retail income stream with a choice for the vacant penthouse: occupy it or pursue a tenant. The $324,389 NOI and 6.21% stabilized cap rate frame the investor case; the stabilized return assumes lease-up of the penthouse rather than income already in place there. An owner-user can instead focus on the private upper-floor space while retaining the ground-floor tenancies. Explore the Offering Materials for a closer look at the acquisition.
