• 12,090 sq.ft.
  • 11,998 sq.ft. lot
offered at $4,300,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1956

Property 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

Listing Courtesy of Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.

Exterior Features

Exterior Features: Biking, Dog Park, Park, Sidewalks, Suburban
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of November 28, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.