1426 Main Street

Venice, CA 90291

$5,500,000
Price
3
Beds
8
Baths
6,587 Sq. Ft.
$835 / Sq. Ft.
6,587
Sq. Ft.
$835
per Sq. Ft.

Description

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 5.7% CAP! This one-of-a-kind building offers a unique combination of residential and commercial spaces. Each unit has been thoughtfully...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 5.7% 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!
  1. Listed by Tamra (Tami) Pardee • DRE #01421451 • Brokerage DRE #01421451 • Pardee Properties
  2. Listed by Samantha Kinnon • DRE #01858397 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 1426 Main Street

Water Front
None
Zoning
LAC2
Style
Traditional
Parcel Number
4238012006
Total Units
7.0
Living Area
6587
Source Living Area
Other
Area
Venice (C11)

Location

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397
Add your commute
LISTING UPDATED: 03/25/2024 01:19 AM

Property Details for 1426 Main Street

StatusActive
MLS #24-346019
Days on Market112
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.15 AC / 6,438 SF
CountyLos Angeles County

Location

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397
Add your commute

Building Information for 1426 Main Street

Stories2Residences-Year Built1962Building Size-Lot Size0.15 AC / 6,438 SF

Payment Calculator

$35,109 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,016

Property Taxes

$5,093

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1426 Main Street

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 7
  • Senior Community: No
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Live/Work
  • View: Yes
  • View Description: Tree Top
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is, Listing Broker Advantage, Coastal Zone
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $442,096
  • Net Operating Income: $315,157.00
  • Gross Income: $442,096
  • Cap Rate: 5.70%
  • Gross Rent Multiplier: $12.44
  • Vacancy Allow Percent: .00%
  • Owner Pays: Water, Other, Gardener
  • Total Annual Expense: 126730
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1477
  • Lot Size Square Feet: 6438
  • Lot Features: Corners Marked, Rectangular Lot
  • Lot Description: Corners Established, Street Paved, Street Concrete, Sidewalks, Lot Shape-Rectangular
  • Lot Location: Alley Access, Corner Lot
Parking Details
Parking Details
  • Parking Garage: Assigned, Tandem, Side By Side, Uncovered
  • Total Parking: 13
  • Covered Parking: 0
  • Open Other Spaces Total: 13
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Parking Features: Assigned, Tandem Garage, Side by Side, Uncovered
  • Garage Structures Total: 0.0
Interior Features
Interior Features
  • Room Type: Living Room, Office
  • Rooms: Living Room, Office, Patio Open, Den/Office
  • Levels: Multi/Split
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Flooring: Cement, Carpet, Engineered Hardwood, Other
  • Equipment: Built-Ins, Garbage Disposal, Range/Oven, Refrigerator
  • Interior Features: Built-Ins
  • Common Walls: Detached/No Common Walls
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Other Structural Features: Balcony
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-10-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $10,751.00
  • Unit Actual Rent: $10,751.00
  • Unit Projected Rent: $12,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $4,132.00
  • Unit Actual Rent: $4,132.00
  • Unit Projected Rent: $4,132.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $12,000.00
  • Unit Actual Rent: $12,000.00
  • Unit Projected Rent: $12,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,157.00
  • Unit Actual Rent: $2,157.00
  • Unit Projected Rent: $2,157.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
Tax and Assessed Info
Tax and Assessed Info
  • Private Transfer Taxes: No

Property History for 1426 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1426 Main Street

Taxable ValueLand$3,432,469Additions$856,929Total$4,289,398
Tax Record2023$61,118 ($5,093 / month)
Home Facts
Total Finished SqFt6,769 SqFtAbove Grade Finished SqFt6,769 SqFtStories1Lot Size6,436 SqFtStyleOffice BuildingYear Built1962ZoningLAC2CountyLOS ANGELESAPN4238-012-006

Schools near 1426 Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Westminster Avenue Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Animo Venice Charter High School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1426 Main Street is a multi-family home for sale in Venice, CA 90291. This property was listed for sale on January 10, 2024 by Pardee Properties, it's currently listed at $5,500,000. It has been on the market for a total of 112 days and was last sold on December 19, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Westminster Avenue Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 1426 Main Street is a 3-bed, 8-bath, 6,587 sqft multi-family home built in 1962.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Tamra (Tami) Pardee, DRE #01421451; Pardee Properties, Samantha Kinnon, DRE #01858397

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.