UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26008750
HOA Y/N No
Year Built 1952
Lot Size 8,184 Sqft
Property Sub-Type Retail
Property Description
Built in 1952, the property is home to a long-established restaurant and bar operation that has been continuously serving the community since 1955, known as The Venice Room. The business is well known for its unique “grill-your-own steak” dining experience, a rare concept with no comparable offering in the surrounding area. The operation holds a Type 48 liquor license and benefits from strong revenue performance and a loyal, multi-generational customer base.
This is a rare opportunity to acquire both a landmark operating business and the underlying real estate in a highly desirable infill location with strong traffic exposure and proximity to major transportation corridors.
Sale of the real property is required to close concurrently with the sale of the operating business under a separate agreement. Buyer to cooperate with coordinated escrow.
Information deemed reliable but not guaranteed. Buyer to verify all details.
Location
State CA
County Los Angeles
Area 641 - Monterey Park
Interior
Cooling Central Air
Inclusions All items considered real property and permanently affixed to the building.
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description Street Level
Story 1
Water Public
Others
Tax ID 5265012018
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
MORTGAGE CALCULATOR
NEARBY SCHOOL & BUSINESS
- 10
Kipp Iluminar Academy
Public | KG - 4
- 10
Kipp Raices Academy
Public | KG - 4
- 10
Monterey Vista Elementary School
Public | KG - 6
- 9
Kipp Sol Academy
Public | 5 - 8
- 9
Brooklyn Avenue School
Public | KG - 8
- 9
Monterey Highlands Elementary School
Public | KG - 8
- 9
Potrero Heights Elementary
Public | KG - 5
- 8
Brightwood Elementary School
Public | KG - 8
- 8
Robert Hill Lane Elementary School
Public | KG - 6
- 8
Ramona Elementary School
Public | KG - 8
- 8
Repetto Elementary School
Public | KG - 8
- 7
Marguerita Elementary School
Public | KG - 8
- 7
Bella Vista Elementary
Public | KG - 5
- 7
Ynez Elementary School
Public | KG - 8
- 7
Bitely (Arlene) Elementary School
Public | KG - 6
- 7
Dewey Avenue Elementary School
Public | KG - 6
- 7
Montebello Gardens Elementary
Public | KG - 5
- 6
Marianna Avenue Elementary School
Public | KG - 6
- 6
Hillcrest Elementary School
Public | KG - 6
- 6
Emerson (Ralph Waldo) Elementary School
Public | KG - 6
- 7
Garvey (Richard) Intermediate School
Public | 7 - 8
- 5
Griffith Middle School
Public | 6 - 8
- 4
Macy Intermediate
Public | 6 - 8
- 3
Montebello Intermediate
Public | 6 - 8
- 3
La Merced Intermediate
Public | 6 - 8
- 2
Eastmont Intermediate
Public | 6 - 8
- 0
Kirby, Dorothy Camp
Public | 7 - 12
- 0
East los Angeles Community Day
Public | 7 - 12
- 0
Montebello Community Day
Public | 7 - 12
- 10
Mark Keppel High School
Public | 9 - 12
- 9
Alliance Marc & Eva Stern Math and Science
Public | 9 - 12
- 9
Alliance Media Arts and Entertainment Design High School
Public | 9 - 12
- 8
Los Angeles High School for the Arts
Public | 9 - 12
- 6
James A. Garfield Senior High School
Public | 9 - 12
- 5
Schurr High School
Public | 9 - 12
- 4
Hilda L. Solis College Prep High School
Public | 9 - 12
- 4
Montebello High School
Public | 9 - 12
- 4
Applied Technology Center
Public | 9 - 12
- 0
Monterey Continuation
Public | 9 - 12
- 0
Ramona Convent Secondary School
Private | 9 - 12
- 0
Cantwell Sacred Heart of Mary
Private | 9 - 12
- 0
Vail High (Continuation)
Public | 9 - 12
- 0
Don Bosco Technical Institute
Private | 9 - 12
GET MORE INFORMATION