$4,100,000
11473 Venice Boulevard, Los Angeles 90066
3
Beds
2
Baths
11,998
Lot Size
14
# Of Units
Listing Agent
Aaron Jacobson - Lyon Stahl Investment Real Estate, Inc.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
Facts & Features
MLS® # | SB24027071 |
---|---|
Price | $4,100,000 |
Bedrooms | 3 |
Bathrooms | 2.00 |
Lot Size | 11,998 |
Year Built | 1956 |
Type | Residential Income |
Sub-Type | Apartment |
Status | Active |
# Of Units | 14 |
Community Information
Address | 11473 Venice Boulevard |
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Area | C13 - Palms - Mar Vista |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90066 |
Amenities
Parking Spaces | 9 |
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# of Garages | 9 |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Has Basement | No |
---|---|
Fireplace | No |
# of Stories | 2 |
Exterior
Lot Description | 0-1 Unit/Acre |
---|
Additional Information
Date Listed | February 7th, 2024 |
---|---|
Days on Market | 82 |
Zoning | LAR3 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Aaron Jacobson |
---|---|
Office | Lyon Stahl Investment Real Estate, Inc. |