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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,850,000

Est. payment | -/mo

10 Beds

10 Baths

8,408 Sqft Lot

Save

$ 1,850,000

Est. payment | -/mo

Save

10 Beds

10 Baths

8,408 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26098354

Bedrooms 10

Lot Size 8,408 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

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 8,426sqft 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 buildings 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. *Please email listing agent for full offering memorandum*

Location

State CA

County Los Angeles

Zoning Public Rec

Direction Located on Venice & Magnolia

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5056007022

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Listed by Hyeyeon Lee, DRE#02225694 Dream ERE

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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1475 Venice Blvd Los Angeles, CA 90006