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12028-12032 Venice Blvd
Los Angeles, CA 90066
Multifamily Property For Sale
·
8 Units
Investment Highlights
- On the same block as the Mar Vista Farmers Market, minutes from Venice Beach, Abbot Kinney, and Marina del Rey.
- Two one-car garages with opportunity to convert into ADUs.
- All tenants month-to-month, providing repositioning opportunities.
- Front building with 2 retail stores, 7 office suites, and 4 residential units above; rear building with 2 residential units.
- 8,200 SF C2 TOC Tier 2 parcel allows 30–32 units
- In-place cap rate of 6.09% with potential to reach 10.11% upon leasing vacant units, offering ±72% total rent upside.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,800 | - |
| Studios | 6 | $3,066 | 274 - 822 |
Property Taxes
| Parcel Number | 4235-024-005 | Improvements Assessment | $285,600 |
| Land Assessment | $2,560,200 | Total Assessment | $2,845,800 |
Property Taxes
Parcel Number
4235-024-005
Land Assessment
$2,560,200
Improvements Assessment
$285,600
Total Assessment
$2,845,800
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