Lee & Associates Investment Services Group is pleased to offer for sale a 10 unit apartment building located just west of Hoover Avenue on the northeast corner of Venice Boulevard and Magnolia Avenue. Residents benefit from convenient access to Downtown LA, Hollywood, and the Westside via major freeways and Metro lines. The surrounding area is highly walkable (score 89) and offers a mix of shopping, global restaurants, local cafes, Korean spas, and nightlife. Situated on a 6,766 square-foot lot, the building is comprised of 10 spacious one bedroom one bath units (appx 675sf).With approximately 39% rental upside, there is significant potential to increase revenue through interior unit renovations. The Venice Apartments is separately metered for gas and electricity. Additionally, the seller is in the process of upgrading the property’s electrical main panel and sub-panels. The Venice Apartments represents an outstanding value-add opportunity in a high-demand, Los Angeles sub-market. The neighborhood’s revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors.