2176 S Venice Blvd Los Angeles, CA 90006
- $3,100,000
- 15 bd
- 15 ba
- 8,640 sqft
- 10,015 lot
- Est payment $16641.47/mo
Request More Info
Property Information
-
15 Beds
-
15 Baths
-
8,640 Sq. Ft.
-
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.
Main Features
- Listing Status: Active
- Year Built: 1963
- Floors: 2
- County: Los Angeles
- Units: 14
- Zoning: LAC1
- MLS Number:23-274195
What's My Mortgage?
Request More Info
2176 S Venice Blvd Los Angeles, CA 90006
- $3,100,000
- 15 bd
- 15 ba
- 8,640 sqft
- 10,015 lot
- Est payment $16641.47/mo