1400 Venice Blvd | Venice, CA 90291
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- LoopNet Team
1400 Venice Blvd
Venice, CA 90291
Multifamily Property For Sale
·
31 Units
Investment Highlights
- First time on the market in over 25 years
- Opportunity for a Buyer to achieve 30% in rental upside
- With no capital outlay and simply eliminating the loss to lease, an astute buyer can improve the NOI by $162,500 annually
Property Facts
| No. Units | 31 | Building Size | 24,605 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 1988 |
| Building Class | B | Parking Ratio | 2.51/1,000 SF |
| Lot Size | 0.27 AC | ||
| Zoning | R4-1, Los Angeles | ||
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 24,605 SF |
| Average Occupancy | 94% |
| No. Stories | 4 |
| Year Built | 1988 |
| Parking Ratio | 2.51/1,000 SF |
| Zoning | R4-1, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Wi-Fi
Site Amenities
- Fitness Center
- Laundry Facilities
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | 700 |
| 2+2 | 19 | - | 900 |
| 3+2 | 1 | - | 1,200 |
Property Taxes
| Parcel Number | 4236-006-026 | Improvements Assessment | $4,069,800 |
| Land Assessment | $6,104,700 | Total Assessment | $10,174,500 |
Property Taxes
Parcel Number
4236-006-026
Land Assessment
$6,104,700
Improvements Assessment
$4,069,800
Total Assessment
$10,174,500
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