12610 Venice Blvd - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$7,250,000 USD
323-515-9585
12610 Venice Blvd, Los Angeles, CA for Sale
$7,250,000 USD
Apartments - FOR SALE
1/23
null | 5.06% Cap Rate

12610 Venice Blvd
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • New Construction
  • Small Lot Homes
  • 88 out 100 Walk Score

OVERVIEW

Each home has 4 bedrooms/5 bathrooms/2418 sq. ft. New Small Lot Homes Primary suite occupies its own level, walk-in closet, while three additional ensuite bedrooms offer comfort and privacy. A rooftop deck with sweeping city and mountain views With this being new construction, it affords the best opportunity to utilize bonus depreciation of 100% first year allowable under the 2025 One Big Beautiful Bill. Using a cost segregation (CSG) study under the guidance of a CPA. Best Exit Strategy Option when ready to sell into another 1031 exchange with NO ULA aka “Mansion Tax,” saving over $1M (Buyer to verify) having individual APN’s/addresses. Financing Options are attached A+ Rating for: Outdoor Activities, Nightlife, Weather, Health and Fitness A Rating for Good for families Mar Vista is highly ranked as one of the best, most desirable neighborhoods to live in Los Angeles, often cited as a top-three spot for families. Known for being a, peaceful, and walkable Westside community near Santa Monica and Venice, it offers a blend of suburban feel with easy access to urban amenities. Key Rankings and Highlights • Best Neighborhoods: Ranked #2 of 110 for best places to live in LA and #3 for families by Niche. • Safety & Lifestyle: Recognized as a top-notch, quiet, and safe area for retirees and families, with high, educated, and professional demographics. • Location: Highly desirable Westside location, offering quick access to Silicon Beach, Culver City, and the beach. Demographics and Environment • Diversity: Highly ethnically diverse, with a significant Asian population (approx. 12.8%) compared to county averages, alongside 51.3% white and 29.1% Latino residents. • Income: Features affluent pockets, particularly in Mar Vista Southeast, where median incomes are higher than 86.5% of American neighborhoods. • Amenities: Known for the Mar Vista Farmers Market, local cafes, and proximity to Santa Monica. The area is generally considered a safe, high-value, and family-friendly,, with an overall crime rate that is average for the US, notes Homes.com. Source: Niche Neighborhood Rankings

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$285 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,450,000

CAP RATE

5.06%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,436 SF

ZONING

LAR3

APN/PARCEL ID

4235-002-017,4235-002-019,4235-002-021,4235-002-024,4235-002-026

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 Notice.