12610 Venice Blvd - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$19,300,000 USD
323-515-9585
12610 Venice Blvd, Los Angeles, CA for Sale
$19,300,000 USD
Apartments - FOR SALE
1/19
null | 4.88% Cap Rate

12610 Venice Blvd
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Phenomenal Location
  • No ULA Tax- Exempt
  • New Construction with Bonus Depreciation Opportunity

OVERVIEW

Discounted and Available to Purchase in Silicon Beach Adjacent, CA - An Entire New 12 Small Lot Home Community The Price has been discounted to $19.30M ($2,000,000 below independent MAI appraised value). $665/ sq. ft., which is approximately replacement cost Each home with 4 bedrooms/4.5 bathrooms, 2,418-2,432 sq. ft. Total living space is 29,044 sq. ft., plus individual two-car garages, balconies, and private cameras/alarms, fiber optic Wi-Fi, and rooftop decks with mountain and city views 100% Bonus/Accelerated depreciation eligible equates to over $1,000,000 with tax savings of $250,000-$500,000 depending on the owner’s marginal tax brackets) per McGuire Sponsel. Buyer to verify with their CPA. New Construction Warranty of 10 years for structural items Best Exit Strategy Options into a 1031 exchange and/or DST with NO ULA aka “Mansion Tax,” saving over $1M having 12 APN’s/addresses choosing to sell any number of homes 1-12 Walk Score of 88 out of 100 (Starbucks, Trader Joe’s, & Whole Foods nearby) Located close to high paying jobs from Amazon, Apple, Alphabet/Google, Meta, YouTube, SpaceX, hulu, Snap, Entertainment Arts, and others

FOR SALE DETAILS

PRICE

$19,300,000 USD

PRICE/SF

$665 USD /SF

# OF UNITS

12

PRICE/UNIT

$1,608,333

CAP RATE

4.88%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

LAR3

APN/PARCEL ID

4235-002-025

ASK ABOUT THIS PROPERTY

Paul WylieLamerica Real EstateMore Info
323-515-9585

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Paul WylieLamerica Real EstateMore Info
323-515-9585

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.