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$ 1,850,000
Est. payment /mo
Active
1475 Venice Blvd Los Angeles, CA 90006
8,407 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26098348
HOA Y/N No
Year Built 1954
Lot Size 8,407 Sqft
Property Sub-Type Multi Family
Property Description
The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426sqft parcel and provides stable in-place income with additional potential for future growth.
Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building's infrastructure and long-term reliability.
With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization. *Please email listing agent for full offering memorandum*
Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building's infrastructure and long-term reliability.
With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization. *Please email listing agent for full offering memorandum*
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Interior
Fireplace No
Laundry See Remarks
Exterior
Present Use Multi-Family
Building
Lot Description 6-10 Units/Acre
Story 2
Water Public
Others
Tax ID 5056007022
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Hyeyeon Lee Dream ERE AliceTopRealtor@gmail.com, DRE #02225694
NEARBY SCHOOL & BUSINESS
Tafoya Real Estate | Real Broker
Broker | License ID: DRE# 01493993 | BRE# 02022092