A prominent two-story commercial property located at 70 N Venice Boulevard has been sold for $2.5 million, representing a significant real estate transaction in one of Los Angeles' most sought-after neighborhoods. The property, situated just one block from Venice's famous boardwalk and historic canals, has never before been listed for sale, making this transaction particularly notable.
WESTMAC Commercial Brokerage Company facilitated the sale, with T.C. Macker, CCIM, and Woody Cook representing the seller. The buyer, an active investor in the Venice area, acquired the 2,232-square-foot building situated on 2,713 square feet of prime real estate.
The property's strategic location at the intersection of Venice and Pacific boulevards presents substantial potential for future development or business opportunities. Its proximity to major Venice landmarks suggests significant value and investment potential in this dynamic urban landscape.
Real estate professionals involved in the transaction noted the property's unique position in the market. The fact that this was the first time the property had been listed indicates a rare opportunity for investors interested in Venice's competitive real estate market.
The sale reflects the continued strength and attractiveness of commercial real estate in Venice, a neighborhood known for its vibrant culture, artistic community, and prime location along the Los Angeles coastline. Such transactions demonstrate ongoing investor confidence in the area's economic potential and long-term growth prospects.
WESTMAC Commercial Brokerage Company, with over three decades of experience in commercial real estate, specializes in various property types including office, industrial, retail, and multi-family properties. The firm's approach prioritizes client interests and provides comprehensive advisory services for property owners, investors, and developers.
