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Multifamily Property For Sale

The Jacobs Building

2117-2119 Venice Blvd., Los Angeles, CA 90006

Price:
$775,000
No. Units:
4
Building Size:
5,000 SF
Price/Unit:
$193,750
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Additional Sub-types:
Free Standing Bldg
Street Retail
Vehicle Related
Property Use Type:
Investment
Commission Split:
3%
Occupancy:
75%
No. Stories:
2
Year Built:
1924
Lot Size:
7,187 SF
Tax ID / APN #:
5074-008-013
Parking Ratio:
3 / 1,000 SF
Find Out More...

Last Verified 11/18/2009 Listing ID 16444397

Highlights

Unique "Harvard Heights" Investment Opportunity!!!
Owner-User Opportunity!!
Artists Studio-Gallery!!

Live-Work Opportunity!!
Ample Off Street Parking with Large Garage for Parking or Storage!!
Well Suited for a Variety of Uses - Antique/Vintage Furniture, Hardware/Plumbing Supplies, Grocery, Salon, etc.

Description

The Jacobs Building is an excellent "value-added" Owner-User Investment Opportunity. It is comprised of two large, upstairs, apartments (One 2 Bedroom+Den and One 2 Bedroom) over two 1150 (+/-) sq.ft. retail spaces. Additionally, it has a large -4-5 car garage in the rear plus ample open parking. Excellent Live-Work opportunity! Seller's are willing to be creative. Call agent for details.

The subject is situated on Venice Blvd. in the City of Los Angeles at the southern fringe of Koreatown between Western and Normandie Avenues.

Financial Summary

Unit Mix Information

Debt & Equity Information

Proforma
Scheduled Gross Income
$56,700
Effective Gross Income
$56,700
Operating Expenses
$20,000
Net Operating Income
$36,700

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
Furniture Repair (month/month)	1	$650	1,150
Retail Space (Vacant)	1	$1,150	1,150
2 Bedroom w/Den +1 Bath	1	$1,300	1,425
2 Bedroom +1 Bath	1	$1,200	1,275

Map of 2117-2119 Venice Blvd., Los Angeles, CA 90006 (Los Angeles County)

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Presented by

Lee & Associates

Request additional information

Contact Listing Broker

Mark Konopaske (213) 220-9800

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Created 10/23/2009

Additional Information for 2117 Venice Boulevard, Los Angeles, CA 90006

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - The Jacobs Building

2117-2119 Venice Blvd., Los Angeles, CA, 90006