Detailed Introduction Of This Home
Investor's Dream!!! Samimi Investments and Lyon Stahl officially
announce this incredible opportunity to own two side by side
courtyard 7 unit buildings located at 11465 and 11473 Venice Blvd in
Mar Vista.
You will not find a better price per door or a better unit mix in the
most coveted market in Los Angeles. The property has an
astounding 60% rental upside. Whether you are long term or a
value-add investor, The Venice Properties are the perfect assets to
help achieve your investment goals.
The Venice Properties feature 14 units and a large foot print of
12,090 rentable square feet. Each building is identical to the other
with a combined unit mix of (10) 2-Bed/1-Bath,and (4) 1-Bed/1-
Bath Units. Just steps from Downtown Culver City, this investment
is in one of the most sought-after neighborhoods on the Westside.
Price at $4,300,000 the property offer a very low $307k per unit and
$355 Sqft. In February of 2024, the property is eligible for a 7% rent
increase and will have this asset operating at a 13.75 GRM and
4.25% CAP Rate!
This well maintained asset comes with a brand new roof across
both structures and the soft story retrofit completed, minimizing
any CapEx for the new buyer.
The Venice Properties are sandwiched between new tech
companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and
Apple