12715 & 12717 Venice Blvd. - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$1,750,000 USD
310-922-6124
12715 & 12717 Venice Blvd., Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/8
null | 4.91% Cap Rate

12715 & 12717 Venice Blvd.
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Contains two separate parcels with two structures, which offers massive ADU potential!
  • Situated in the perennially hip and highly popular Mar Vista neighborhood
  • Major Upside with nearly all units paying below market rents

OVERVIEW

We are pleased to present the exclusive opportunity to acquire a well-located, professionally managed multifamily property on LA's Westside. Situated in the perennially hip and highly popular Mar Vista neighborhood, 12715 & 12717 Venice Boulevard contains two separate parcels with two structures, a triplex and a 6-unit building, built in 1954 and 1956, respectively. The apartments consist of four 1-bed/1-bath units, two studios, and three bachelors. Units boast spacious layouts with new flooring in many instances. There is off-street parking, low maintenance landscaping, and separate meters for gas and electricity. At an incredibly low cost per unit basis, 12715 & 12717 Venice truly offers the astute investor an excellent turnkey property with a tremendous foundation for income and cap rate growth as well as long-term asset appreciation.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

9

PRICE/UNIT

$194,444

CAP RATE

4.91%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

9 units in Mar Vista at $194,444/door!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR3

APN/PARCEL ID

4246-032-031,4246-032-032

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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