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
17 units | $214k/door - 6.25% Actual Cap Rate · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
- Incredible value-add opportunity with potential for high returns on investment
- Current Cap Rate of 6.25% and GRM of 11.4, with potential to increase to 10.48% Cap Rate and 7.6 GRM on proforma
- 5 units have already been fully remodeled with permits, featuring modern cabinets and flooring
- 17 units at a low price of only $214k per door
- Includes 3 brand-new attached ADUs currently under construction
- Prime location in a desirable neighborhood
PROPERTY FACTS
| No. Units | 17 | 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 | 17 |
| 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 | 2 | - | - |
| 1+1 | 14 | - | - |
| 3+2 | 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
