The property asset involved in this transaction is a retail space located at 12815 Venice Blvd. in Mar Vista. The property measures 5,100 square feet and was sold for a price of $3,443,500, resulting in a price per square foot of $675.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $3,443,500
• Address: 12815 Venice Blvd.
• Market: Mar Vista

The buyer in this transaction is South Beverly CRE, represented by Oron Maher and Jeremy Shore. The seller is Cresencia Padua. The brokers involved in the deal are Oron Maher from South Beverly CRE and Jeremy Shore. Oron Maher and Jeremy Shore can be contacted at [email protected] for off-market submissions.

This property presents a rare corner lot landbank opportunity with F&B tenants in West LA, offering immediate upside potential. South Beverly CRE, with a focus on value-add commercial opportunities throughout Southern California, recognized the value in this property.