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Developers, Investors, ADU Builders 11848 Venice Blvd 7 Unit Apartment Building $2,695,000 ($385,000/Unit) Los Angeles, CA 90066
INVESTMENT HIGHLIGHTS
- Rare Value-Add Opportunity in Prime Mar Vista Neighborhood
- 14,133 SF - Priced to Sell || Zoned R3 || TOC Tier 1 || ED 1 Eligible || Tenant Occupied
- Ideal for Builders, Developers, Contractors, Buy-and-Hold or Fix-and-Flip Buyers Seeking Long-Term or Short-Term Upside
- TWO SEPARATE PARCELS || 11848 Venice Blvd (3 Units), 7,089SF, APN 4214-017-032 || 11856 Venice Blvd (4 units), 7,044SF, APN 4214-017-033
- Detached Carport/Garage in the Rear Provides ADU Potential (buyer to verify)
- Can be Purchased TOGETHER OR SEPARATE - Seller Motivated, Bring Offers!!!
EXECUTIVE SUMMARY
HUGE PRICE REDUCTION - SELLER IS VERY MOTIVATED. BRING OFFERS. Rare Value-Add Opportunity in Mar Vista. Can be sold TOGETHER OR SEPARATE. Two Side-by-Side Parcels || 14,133 combined sf || LAR3 Zoning || Tier 1 TOC || ED1 Eligible. Calling all investors, developers, ADU builders, fix-and-flip/hold buyers and visionaries: seize the chance to own two contiguous parcels totaling 14,133 square feet of land in the highly sought-after Mar Vista neighborhood of Los Angeles. Located on iconic Venice Boulevard a dynamic, high-visibility corridor in the heart of LA. Being Sold Together - 4 units at 11848 Venice Blvd (Lot Size: 7,089SF, APN: 4214-017-032) and 3 units at 11856 Venice Blvd (Lot Size: 7,044SF, APN: 4214-017-033). This is a unique opportunity. Ideal for Builders, Developers, Buy-and-Hold or Fix-and-Flip Buyers Seeking Long-Term or Short-Term Upside.
Sellers Motivated - Bring ALL offers!
Sellers Motivated - Bring ALL offers!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$128,155
|
$9.07
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$128,155
|
$9.07
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $128,155 |
| Annual Per SF | $9.07 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $128,155 |
| Annual Per SF | $9.07 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
| Price | $2,695,000 | Building Class | C |
| Price Per Unit | $385,000 | Lot Size | 0.32 AC |
| Sale Type | Investment | Building Size | 14,133 SF |
| Sale Condition | Redevelopment Project | Average Occupancy | 85% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1952 |
| Property Subtype | Apartment | ||
| Zoning | LAR3 - 14,133 SF Zoned LAR3 and eligible for ED1 and Tier 1 TOC (Transit Oriented Community). Currently side by side properties w/ 2 separate APNs. | ||
| Price | $2,695,000 |
| Price Per Unit | $385,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 14,133 SF |
| Average Occupancy | 85% |
| No. Stories | 1 |
| Year Built | 1952 |
| Zoning | LAR3 - 14,133 SF Zoned LAR3 and eligible for ED1 and Tier 1 TOC (Transit Oriented Community). Currently side by side properties w/ 2 separate APNs. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | $1,497 | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 4214-017-032 | Improvements Assessment | $356,964 (2025) |
| Land Assessment | $1,427,863 (2025) | Total Assessment | $1,784,827 (2025) |
PROPERTY TAXES
Parcel Number
4214-017-032
Land Assessment
$1,427,863 (2025)
Improvements Assessment
$356,964 (2025)
Total Assessment
$1,784,827 (2025)
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Developers, Investors, ADU Builders | 11848 Venice Blvd
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