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1475 Venice Blvd 10 Unit Apartment Building $1,995,000 ($199,500/Unit) 5.30% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Outstanding Value Add Opportunity!!!
- Great walk Score of 89!!! Close Proximity to Metro Local Lines Along Pico & Venice Blvd's!!!
- Spacious One Bedroom One Bath Apartments with Huge Upside Potential!!!
- Excellent, Assumable Financing in the Approximate Amount of $1,260,000 at 3.8%, Fixed until July 2029!!!
- Freeway Access to Westside Beaches (10 fwy), Hollywood & K-Town (101 fwy), LAX & South Bay via the 110 & 405 Freeways!!!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$162,961
|
$24.09
|
| Other Income |
$3,900
|
$0.58
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$166,861
|
$24.66
|
| Taxes |
$25,427
|
$3.76
|
| Operating Expenses |
$35,648
|
$5.27
|
| Total Expenses |
$61,075
|
$9.03
|
| Net Operating Income |
$105,786
|
$15.63
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $162,961 |
| Annual Per SF | $24.09 |
| Other Income | |
|---|---|
| Annual | $3,900 |
| Annual Per SF | $0.58 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $166,861 |
| Annual Per SF | $24.66 |
| Taxes | |
|---|---|
| Annual | $25,427 |
| Annual Per SF | $3.76 |
| Operating Expenses | |
|---|---|
| Annual | $35,648 |
| Annual Per SF | $5.27 |
| Total Expenses | |
|---|---|
| Annual | $61,075 |
| Annual Per SF | $9.03 |
| Net Operating Income | |
|---|---|
| Annual | $105,786 |
| Annual Per SF | $15.63 |
PROPERTY FACTS
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $199,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.30% | Building Size | 6,766 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Zoning | LACM | ||
| Price | $1,995,000 |
| Price Per Unit | $199,500 |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,766 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | LACM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 675 - 677 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 5056-007-022 | Total Assessment | $2,025,217 (2025) |
| Land Assessment | $1,508,759 (2025) | Annual Taxes | $25,427 ($3.76/SF) |
| Improvements Assessment | $516,458 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5056-007-022
Land Assessment
$1,508,759 (2025)
Improvements Assessment
$516,458 (2025)
Total Assessment
$2,025,217 (2025)
Annual Taxes
$25,427 ($3.76/SF)
Tax Year
2024
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1475 Venice Blvd
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