34.04336 -118.3056

2176 S Venice Blvd Los Angeles, CA 90006

330063858 34.04336 -118.3056 213 /listing/330063858-150284439/2176-s-venice-blvd-los-angeles-ca-90006 False 0 3100000.0 8640 105 15 15 23-274195 False
  • $3,100,000
  • 15 bd
  • 15 ba
  • 8,640 sqft
  • 10,015 lot
  • Est payment $16641.47/mo

Property Information

  1. 15 Beds
  2. 15 Baths
  3. 8,640 Sq. Ft.
  4. 10,015 Lot

Multi-Family in Los Angeles

Price Reduction! Value-Add 14 Unit building with 4 fully renovated vacancies in the prime Mid City priced at only 221k/door. Amazing Current Cap Rate of 5.25% and 13 GRM with an incredible 59% upside to 9.6% Cap Rate and 8.2 GRM on the proforma. All units are Individually metered for Gas, Electricity, and tenants pay for trash. The property sits on a large 10,015 SF lot with 12 gated parking spaces and no soft-story requirement. preliminary plans to add 3 attached ADUs and 2 detached ADUs over the carport. Easy to rent unit mix consisting of 11 large (1bed/1bath) units, 1 (3bed/2bath) unit, and 1 (retail store). This property is located in the heart of LA near hip neighborhood attractions such as Alibi Coffee Co and is only minutes away from Koreatown, DTLA, Culver City, and close to public transportation as well as freeways.

Courtesy Of Global Platinum Properties, Inc.

Main Features

  • Listing Status: Active
  • Year Built: 1963
  • Floors: 2
  • County: Los Angeles
  • Units: 14
  • Zoning: LAC1
  • MLS Number:23-274195

Additional Features

  • Unit 6 Furnished:
    • No
  • Unit 6 Rent:
    • 1050.00
  • Unit 6 Total Units:
    • 1
  • Unit 7 Bathrooms:
    • 1.00
  • Unit 7 Bedrooms:
    • 1
  • Unit 7 Furnished:
    • No
  • Unit 7 Rent:
    • 989.00
  • Unit 7 Total Units:
    • 1
  • Unit 8 Bathrooms:
    • 1.00
  • Unit 8 Bedrooms:
    • 1
  • Unit 8 Furnished:
    • No
  • Unit 8 Rent:
    • 1338.00
  • Unit 8 Total Units:
    • 1
  • Unit 9 Bathrooms:
    • 1.00
  • Unit 9 Bedrooms:
    • 1
  • Unit 9 Furnished:
    • No
  • Unit 9 Rent:
    • 989.00
  • Unit 9 Total Units:
    • 1
  • Cooling:
    • Ceiling Fan
  • Disclosures:
    • None
  • Water Heater:
    • Yes
  • Unit 1 Furnished:
    • Yes
  • Unit 2 Furnished:
    • No
  • Unit 3 Furnished:
    • No
  • Unit 4 Furnished:
    • No
  • Other Structures:
    • None
  • Parking:
    • Covered Parking
    • Gated
    • Uncovered
  • Parking Spaces:
    • 0
  • Heating:
    • Wall
  • Number of Buildings:
    • 1
  • Board:
    • The Combined Los Angeles/Westside MLS
  • Gross Income:
    • 237072
  • Net Operating Income:
    • 162642.00
  • Special Conditions:
    • Standard
  • Architectural Style:
    • Traditional
  • Cap Rate:
    • 5.25
  • Expenses:
    • 67318
  • Gross Operating Income:
    • 229960
  • Listing Agent License Number:
    • 01911261
  • Lot Size Area:
    • 10015
  • LP Per SQFT:
    • 358.80
  • Other Equipment:
    • Intercom
  • Total Acres:
    • 0.2299
  • Unit 1 Bathrooms:
    • 1.00
  • Unit 1 Bedrooms:
    • 1
  • Unit 1 Rent:
    • 0.00
  • Unit 1 Total Units:
    • 4
  • Unit 10 Bathrooms:
    • 1.00
  • Unit 10 Bedrooms:
    • 0
  • Unit 10 Furnished:
    • No
  • Unit 10 Rent:
    • 1050.00
  • Unit 10 Total Units:
    • 1
  • Unit 11 Bathrooms:
    • 1.00
  • Unit 11 Bedrooms:
    • 1
  • Unit 11 Furnished:
    • No
  • Unit 11 Rent:
    • 1047.00
  • Unit 11 Total Units:
    • 1
  • Unit 2 Bathrooms:
    • 1.00
  • Unit 2 Bedrooms:
    • 1
  • Unit 2 Rent:
    • 1205.00
  • Unit 2 Total Units:
    • 1
  • Unit 3 Bathrooms:
    • 2.00
  • Unit 3 Bedrooms:
    • 3
  • Unit 3 Rent:
    • 1048.00
  • Unit 3 Total Units:
    • 1
  • Unit 4 Bathrooms:
    • 1.00
  • Unit 4 Bedrooms:
    • 1
  • Unit 4 Rent:
    • 1051.00
  • Unit 5 Bathrooms:
    • 1.00
  • Unit 5 Bedrooms:
    • 1
  • Unit 5 Furnished:
    • No
  • Unit 5 Rent:
    • 989.00
  • Unit 5 Total Units:
    • 1
  • Unit 6 Bathrooms:
    • 1.00
  • Unit 6 Bedrooms:
    • 1
Neighborhood info courtesy of Homes.com © 2023

What's My Mortgage?

$38,769.95*
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34.04336 -118.3056

2176 S Venice Blvd Los Angeles, CA 90006

330063858 34.04336 -118.3056 213 /listing/330063858-150284439/2176-s-venice-blvd-los-angeles-ca-90006 False 0 3100000.0 8640 105 15 15 23-274195 False
  • $3,100,000
  • 15 bd
  • 15 ba
  • 8,640 sqft
  • 10,015 lot
  • Est payment $16641.47/mo