A prime commercial property located at 70 N Venice Boulevard in Venice, California, has been sold for $2.5 million, representing a significant real estate transaction in one of Los Angeles' most dynamic neighborhoods. The property, strategically positioned one block from both the boardwalk and the iconic Venice canals, had never before been listed for sale. WESTMAC Commercial Brokerage Company brokered the transaction, with T.C. Macker, CCIM, and Woody Cook representing the seller. The buyer, an active local investor, acquired the 2,232-square-foot building situated on 2,713 square feet of land.
T.C. Macker emphasized the transaction's significance, noting the property's location at the corner of Venice and Pacific represents tremendous potential within the Venice community. The sale underscores the continued investment interest in this vibrant Los Angeles neighborhood. The property's brokers, including Arthur Peter and Rafael Padilla from PAR Commercial Brokerage who represented the buyer, facilitated a transaction that highlights the dynamic nature of Venice's commercial real estate market. This transaction demonstrates how strategic locations near major attractions like the Venice Beach boardwalk command premium values and attract serious investors.
WESTMAC Commercial Brokerage Company, a Los Angeles-based firm founded in 1988, specializes in commercial real estate services across office, industrial, retail, and multi-family property sectors. With over 30 professionals, the company focuses on providing comprehensive real estate consultation and marketing services. The firm's involvement in this sale, detailed on their official site at https://www.westmaccommercial.com, reinforces its role in major Southern California transactions. This sale matters because it signals robust confidence in Venice's commercial market despite broader economic uncertainties, suggesting that well-located properties in iconic neighborhoods remain highly desirable assets for investors seeking stable, long-term value in competitive urban markets.
