10,018 Sqft Lot
10,018 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26204221
HOA Y/N No
Year Built 1963
Annual Tax Amount $42,260
Tax Year 2025
Lot Size 10,018 Sqft
Property Sub-Type Multi Family
Property Description
The property includes 14 existing units plus 3 attached ADUs, providing an attractive opportunity to enhance the income-producing potential of the property. Five units have been fully remodeled with permitted improvements, including updated kitchens, modern cabinetry, flooring, lighting, bathrooms, and other interior and exterior enhancements.
The property benefits from individually metered gas and electricity, gated parking, and a well-positioned two-story configuration. The approximately 9311-sq ft building sits within a commercially zoned area for both multi-family and retail. It offers investors multiple avenues to improve operations, rents, and overall property performance, subject to applicable approvals and regulations. This property maintains an approximate cap rate of 5.14% from Day 1 and upside up to a Proforma rate of 10.48%.
Strategically located along Venice Boulevard with convenient access to Koreatown, Downtown Los Angeles, Culver City, major employment centers, public transportation, and regional freeways. This is a compelling opportunity for investors seeking an established multifamily asset in a central Los Angeles location with existing improvements and additional upside potential.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning C1-1VL-HPOZ-CPIO
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Security
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Shingle
Total Parking Spaces 10
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 5074018025
Security Features Security System,Security Gate,Security Lights
Acceptable Financing Cash, Conventional, 1031 Exchange, Government Loan, Private Financing Available
Listing Terms Cash, Conventional, 1031 Exchange, Government Loan, Private Financing Available
Special Listing Condition Standard
