2176 Venice Blvd | Los Angeles, CA 90006
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
2176 Venice Blvd
Los Angeles, CA 90006
Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 1639 S Hobart Blvd is a true value-add investment opportunity located in the Harvard Heights neighborhood of Los Angeles.
- The commercial unit is currently rented as office space on a gross lease expiring in March of 2024; the tenant has a fixed rental increase 4/2024
- The property has a high walk score of 90 and is two blocks from the Western/Venice metro stops; just down the street from Loyola High School
- The building features a unit mix of 12 one-bedrooms, one three-bedroom and one commercial unit that is currently occupied by an office tenant.
- Opportunity to acquire an asset with a loss-to-lease of 38% with a pro forma CAP rate of 7.47%
PROPERTY FACTS
| No. Units | 14 | Building Size | 9,311 SF |
| Property Type | Multifamily | Average Occupancy | 76% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2024 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | C1-1VL-HPOZ-CPIO | ||
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 9,311 SF |
| Average Occupancy | 76% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2024 |
| Parking Ratio | 0.54/1,000 SF |
| Zoning | C1-1VL-HPOZ-CPIO |
AMENITIES
- Bus Line
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Views
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | - |
| 3+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5074-018-025 | Improvements Assessment | $1,147,500 |
| Land Assessment | $2,244,000 | Total Assessment | $3,391,500 |
PROPERTY TAXES
Parcel Number
5074-018-025
Land Assessment
$2,244,000
Improvements Assessment
$1,147,500
Total Assessment
$3,391,500
1 of 1
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
