Description
Investor's Dream!!! 11465 and 11473 Venice Blvd is an incredible opportunity to own two side by side 7 unit buildings totaling 14 units in Mar Vista. 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 60% 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. Price at $4,300,000 the property offer a very low $307k per unit and $355 Sqft. In February of 2024, the property is eligible for a 7% rent increase and will have this asset operating at a 13.75 GRM and 4.25% CAP Rate! 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
Location
"All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 7:38 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 21st September, 2023 7:38 PM (UTC)
Listing Agent: Aaron Jacobson
Listing Office: Lyon Stahl Investment Real Estate, Inc.
