Maher Commercial Realty is proud to present a rare mixed-use investment opportunity in the heart of Mar Vista, one of Los Angeles’ most sought-after neighborhoods. This property offers investors immediate cash flow with a strong 5.8% in-going cap rate and significant value-add potential that can be elevated to a 10% pro forma cap rate through strategic repositioning.
Property Overview
- Location: Prime Mar Vista corridor on Venice Blvd
- Property Type: Mixed-use (residential + commercial)
- Units: 6 residential units + 2 retail storefronts + 7 office suites
- Lot Size: 8,200 SF | Zoning: C2 TOC Tier 2
- Price: $2,695,000
Investment Highlights
✅ Strong Current Performance
- Current NOI: $156,801 (5.8% cap rate)
- Pro Forma NOI: $269,413 (10.0% cap rate)
- 72% total rent upside across all units
- Month-to-month tenants throughout – easy repositioning
✅ Multiple Income Streams
- Residential: 6 one-bedroom units
- Commercial: 2 retail storefronts + 7 office suites
- ADU potential: Convert two one-car garages to additional dwelling units
✅ Development Optionality
- Short-term: Maximize income through lease-up and modest upgrades
- Long-term: Redevelop into 30-32 residential units (TOC Tier 2)
- Expansion: Combine with adjacent parcel for 74-unit development
Financial Breakdown
| Metric | Current | Pro Forma |
|---|---|---|
| Gross Income | $243,480 | $418,000 |
| NOI | $156,801 | $269,413 |
| Cap Rate | 5.8% | 10.0% |
Location Advantages
- Same block as Mar Vista Farmers Market (weekly foot traffic)
- Minutes to Venice Beach, Abbot Kinney Boulevard, and Marina del Rey
- Surrounded by popular cafes and restaurants (Little Fatty, Alana’s Coffee)
- High visibility on Venice Blvd with excellent public transit access
Why Mar Vista?
- Rental Demand: Westside apartments see 6%+ annual rent growth (CoStar)
- Limited Supply: Few mixed-use properties with development upside
- Lifestyle Appeal: Walkable neighborhood near tech/creative employers
Next Steps
Interested in this unique opportunity? Contact us, don’t miss this rare chance to acquire a mixed-use asset with strong immediate income and exceptional upside in one of LA’s hottest markets.
