11473 Venice Boulevard, Los Angeles, California 90066
- $4,100,000
- $4,100,000
Overview
- Apartment, Residential Income
- 9.0
- 12090 Sqft
- 1956
Description
12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12, 090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath, and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4, 100, 000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager’s Unit to be vacant and rented at Market Rate
Address
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Address: 11473 Venice Boulevard
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90066
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Country: US
Details
Updated on July 10, 2024 at 4:20 pm-
Property ID SB24027071
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Price $4,100,000
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Property Size 12090 Sqft
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Land Area 0.2754 Acres
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Garages 9.0
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Year Built 1956
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Property Type Apartment, Residential Income
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Property Status Closed
Additional details
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Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange
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Sewer Public Sewer
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County Los Angeles
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Property Type Residential Income
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Pool None
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Community Features Biking, Dog Park, Golf, Park, Sidewalks, Urban
Mortgage Calculator
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