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11465 11473 Venice Boulevard
USD 4,300,000
Property ID: SB23166483
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11465 11473 Venice Boulevard ,90066
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icon 11998 SqFt
icon Built in 1956
icon USD 358/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
0
Interior Size
12090
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1956
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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
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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11465 11473 Venice Boulevard
USD 4,300,000 0 Beds
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