1475 Venice Blvd - Apartments FOR SALE


Los Angeles, CA 90006- Harvard Heights
$1,800,000 USD
213-434-2433
1475 Venice Blvd, Los Angeles, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/38
null | 6.84% 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

CAP 6.84% VIDEO:https://vimeo.com/1208641049 2 UNITS TO BE DELIVERED VACANT AT CLOSE OF ESCROW. PRICED TO MOVE: 10-UNIT MULTIFAMILY IN THE PATH OF PROGRESS. Welcome to The Venice Apartments—a powerhouse addition to your portfolio or the perfect 1031 exchange destination. Situated right between DTLA and Koreatown, this mid-century property features ten spacious 1-bed/1-bath units capitalizing on Los Angeles’ strongest rental demand. Recent infrastructure overhauls include massive electrical system upgrades (main panel and sub-panels completed). Separately metered for gas and electricity means low owner overhead and optimal operational efficiency. High walk score (91) guarantees zero friction filling vacancies. Seller is highly motivated and looking for a clean, lightning-fast close. Bring your best terms and let's lock this down today. The "Value-Add" Play (Aggressive & ROI-Focused)ATTENTION AGGRESSIVE INVESTORS: MASSIVE UPSIDE + MOTIVATED SELLER. Stop looking at low-yield properties—1475 W Venice Blvd is an absolute cash-flow engine waiting to be fully unlocked. 10 individual 1-bed/1-bath units in a Walker’s Paradise location just minutes from USC, DTLA, and Koreatown. The heavy lifting on infrastructure is already underway with electrical system upgrades in progress. Stable in-place income gives you immediate day-one revenue, while an aggressive unit-turn strategy offers massive pro-forma upside. Listed below peak comps for an immediate response. Cash, conventional, or 1031 exchange welcome. Blink and you’ll miss it—submit your offer now before the weekend crowd takes it. 10 UNITS. PRIME HARVARD HEIGHTS. SELLER MOTIVATED TO MOVE. Don't wait on this one—1475 W Venice Blvd is priced to sell now. 10 units (all 1+1 layouts) sitting on an 8,400+ SF lot in the direct path of DTLA/K-Town progress. Features low landlord expenses with separate gas/electric meters and brand-new electrical panels/sub-panels already rolling. Exceptional public transit access and a 91 Walk Score keep tenant demand permanently high. Seller is ready to review clean offers immediately and move at lightning speed. Call listing agent for the full Offering Memorandum and secure this asset before it hits the pending list. The main panel and sub-panel electrical upgrades signals that the building isn't a total deferred-maintenance trap. The Utility Layout: Highlighting individual gas/electric meters is music to a multifamily investor's ears because it keeps landlord expenses predictable. 91 Walk Score and proximity to K-Town/DTLA reminds buyers of how easy it is to keep the building at 100% occupancy.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$266 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

6.84%

% 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

Max LeeThe Right Realty GroupMore Info
213-434-2433

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Max LeeThe Right Realty GroupMore Info
213-434-2433

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