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1475 Venice Blvd 10 Unit Apartment Building $1,850,000 ($185,000/Unit) 5.42% Cap Rate Los Angeles, CA 90006
Investment Highlights
- Prime Central Los Angeles Location near Koreatown and Downtown LA
- Individually Metered Utilities for gas and electricity
- Convenient Freeway and Transit Access connecting residents to the Westside, Hollywood, and the Valley
- Electrical System Upgrades in Progress including main panel and sub-panels
- Ten Spacious One-Bedroom / One-Bathroom Units
- Highly Walkable Neighborhood (Walk Score 89) with abundant retail and dining options
Executive Summary
The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426 square-foot parcel and provides stable in-place income with additional potential for future growth.
Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building’s infrastructure and long-term reliability.
With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization.
Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building’s infrastructure and long-term reliability.
With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,850,000 | Apartment Style | Low-Rise |
| Price Per Unit | $185,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.42% | Building Size | 6,766 SF |
| Gross Rent Multiplier | 11.14 | Average Occupancy | 80% |
| 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 | $1,850,000 |
| Price Per Unit | $185,000 |
| Sale Type | Investment |
| Cap Rate | 5.42% |
| Gross Rent Multiplier | 11.14 |
| 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 | 80% |
| 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 | - | 600 - 700 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5056-007-022 | Total Assessment | $2,025,217 |
| Land Assessment | $1,508,759 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $516,458 | Tax Year | 2025 |
Property Taxes
Parcel Number
5056-007-022
Land Assessment
$1,508,759
Improvements Assessment
$516,458
Total Assessment
$2,025,217
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1475 Venice Blvd
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