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1430 Venice Blvd
Los Angeles, CA 90006 Harvard Heights

$8,683,000 USD

General Retail For Sale  •  15,857 SF

Property Details

  • Property Type General Retail
  • Total Building Size 15,857 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1956
  • Tenancy Single
  • Zoning C2
69 Transit Score
91 Walk Score

Highlights

Corporate-Guaranteed Lease Backed by Harbor Freight Tools USA, Providing a Strong National Credit Tenant With Proven Performance
New 15-Year NNN Lease Long-Term Absolute Triple Net (NNN) Lease With 15 Years of Initial Term and Three (3) Five-Year Renewal Options
Structured Rental Increases Contractual 10% Rent Escalations Every Five Years Offer Predictable Income Growth and Long-Term Yield
Minimal Landlord Responsibilities Tenant Is Responsible for All Operating Expenses (Utilities, Property Taxes, Insurance, and Interior Maintenance)
Fully Renovated Building Recently Completed Full-Scale Renovation With Significant Capital Improvements, Including Dock-High Loading for Logistics
High Traffic Exposure Located Just One Parcel West of the Signalized Intersection at Venice Blvd and Hoover Street—Exposure to Approx. 65,000 Vehicles

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 8 min - 3.7 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.0 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 13.1 mi
Bob Hope 24 min - 14.0 mi
Long Beach (Daugherty Field) 29 min - 22.1 mi
David Ghermezian 310-801-8700 Newmark Pacific
David Ghermezian 310-801-8700 Newmark Pacific