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Sold for $4,025,000 on 07/09/24
  • Listing Provided by: 

    Aaron Jacobson DRE #02100737 310-729-1559,

    Lyon Stahl Investment Real Estate, Inc.,

    Cameron Samimi DRE #02035763,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with: Lyon Stahl Investment Real Estate, Inc.
    $4,025,000

    11473 Venice Blvd, Los Angeles, CA 90066

    24beds
    14baths
    12,090sqft
    Multi Family
    Built in 1956
    -- sqft lot
    $3,946,500 Zestimate®
    $333/sqft
    $2,952 Estimated rent

    Owner options

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    $2,952/mo

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    $2,952/mo

    Rent Zestimate®

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    $25,048/mo

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    $25,048/mo

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    What's special

    12.48 GRM and 5.06% cap in Prime Mar Vista! 11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 56% rental upside. Whether you are long term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large foot print of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market Rate

    Zillow last checked: 8 hours ago

    Listing updated: July 10, 2024 at 09:20am

    Listing Provided by:

    Aaron Jacobson DRE #02100737 310-729-1559,

    Lyon Stahl Investment Real Estate, Inc.,

    Cameron Samimi DRE #02035763,

    Lyon Stahl Investment Real Estate, Inc.

    Bought with:

    Aaron Jacobson, DRE #02100737

    Lyon Stahl Investment Real Estate, Inc.

    Cameron Samimi, DRE #02035763

    Lyon Stahl Investment Real Estate, Inc.

    Source: CRMLS,MLS#: SB24027071MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 24
    • Bathrooms: 14
    Appliances
    • Laundry: Common Area
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 12,090
    • Total interior livable area: 12,090 sqft

    Property

    Parking
    • Total spaces: 9
    • Parking features: Garage
    • Garage spaces: 9
    Features
    • Entry location: Front
    • Pool features: None
    Lot
    • Size: 0.28 Acres
    • Features: 0-1 Unit/Acre
    Details
    • Parcel number: 4234009013
    • Zoning: LAR3
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1956

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Biking, Dog Park, Golf, Park, Sidewalks, Urban
    Location
    • Region: Los Angeles

    Other

    Other facts
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
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    Estimated market value
    $3,946,500