2176 Venice Blvd | Los Angeles, CA 90006
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- LoopNet Team
2176 Venice Blvd
Los Angeles, CA 90006
Reduced 300k! Existing 6% Cap w upside 11% · Multifamily Property For Sale
·
14 Units
INVESTMENT HIGHLIGHTS
- 14-unit value-add opportunity with a remarkable Current Cap Rate of 6% and 12 GRM!
- Individually metered for gas and electricity while tenants cover garbage fees
- Easy To Rent Unit Mix consisting of 11 large (1bed/1bath), 1 (3bed/2bath), and 1 (retail store).
- Priced at only 206k/door with an incredible upside to 11.2%Cap Rate and 7.2 GRM on the proforma.
- Large 10,015 SF lot
- RTI to add 3 attached ADUs in the garages + Preliminary Plans for 2 detached ADUs over the carport.
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 |
|---|---|---|---|
| Studios | 1 | - | - |
| 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
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VIDEOS
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MATTERPORT 3D TOUR
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