1475 Venice Blvd - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,850,000 USD
213-855-6055
1475 Venice Blvd, Los Angeles, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/18
null | 5.42% Cap Rate

1475 Venice Blvd
Los Angeles, CA 90006
Harvard Heights


HIGHLIGHTS

  • Prime Central Los Angeles Location near Koreatown and Downtown LA
  • Electrical System Upgrades in Progress including main panel and sub-panels
  • Individually Metered Utilities for gas and electricity
  • Ten Spacious One-Bedroom / One-Bathroom Units
  • Convenient Freeway and Transit Access connecting residents to the Westside, Hollywood, and the Valley
  • Highly Walkable Neighborhood (Walk Score 89) with abundant retail and dining options

OVERVIEW

The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426 square-foot parcel and provides stable in-place income with additional potential for future growth. Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building’s infrastructure and long-term reliability. With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

10

PRICE/UNIT

$185,000

CAP RATE

5.42%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,394 SF

ZONING

LACM

APN/PARCEL ID

5056-007-022

ASK ABOUT THIS PROPERTY

Anny ShinDream EREMore Info
213-855-6055

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Anny ShinDream EREMore Info
213-855-6055

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