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12610 Venice Blvd 11 Unit Apartment Building $15,300,000 ($1,390,909/Unit) 5.05% Cap Rate Los Angeles, CA 90066
Investment Highlights
- New Construction
- 88 out 100 Walk Score
- Small Lot Homes
Executive Summary
Each home has 4 bedrooms/5 bathrooms/2418 sq. ft.
New Small Lot Homes
Primary suite occupies its own level, walk-in closet, while three additional ensuite bedrooms offer comfort and privacy.
A rooftop deck with sweeping city and mountain views
With this being new construction, it affords the best opportunity to utilize bonus depreciation of 100% first year allowable under the 2025 One Big Beautiful Bill. Using a cost segregation (CSG) study under the guidance of a CPA.
Best Exit Strategy Option when ready to sell into another 1031 exchange with NO ULA aka “Mansion Tax,” saving over $1M (Buyer to verify) having individual APN’s/addresses.
Financing Option is attached
New Small Lot Homes
Primary suite occupies its own level, walk-in closet, while three additional ensuite bedrooms offer comfort and privacy.
A rooftop deck with sweeping city and mountain views
With this being new construction, it affords the best opportunity to utilize bonus depreciation of 100% first year allowable under the 2025 One Big Beautiful Bill. Using a cost segregation (CSG) study under the guidance of a CPA.
Best Exit Strategy Option when ready to sell into another 1031 exchange with NO ULA aka “Mansion Tax,” saving over $1M (Buyer to verify) having individual APN’s/addresses.
Financing Option is attached
Property Facts
| Price | $15,300,000 | Building Class | B |
| Price Per Unit | $1,390,909 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 26,606 SF |
| Cap Rate | 5.05% | Average Occupancy | 0% |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Apartment Style | Mid-Rise | ||
| Zoning | LAR3 - Multiple Residential Small Lot homes with no shared walls and no HOA | ||
| Price | $15,300,000 |
| Price Per Unit | $1,390,909 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 26,606 SF |
| Average Occupancy | 0% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | LAR3 - Multiple Residential Small Lot homes with no shared walls and no HOA |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Patio
Site Amenities
- 24 Hour Access
- Walking/Biking Trails
- Roof Terrace
- Storage Space
- Sundeck
- Public Transportation
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+4.5 | 11 | $9,000 | 2,418 - 2,432 |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,786,521 | |
| Land Assessment | $4,962,244 | Total Assessment | $15,748,765 |
Property Taxes
Parcel Numbers
Land Assessment
$4,962,244
Improvements Assessment
$10,786,521
Total Assessment
$15,748,765
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12610 Venice Blvd
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