In Escrow

11473 Venice Blvd

Los Angeles, CA 90066

12.48 GRM and 5.06% cap in Prime Mar Vista!

Sales Price $4,100,000

Mar Vista Apartment

Beds

3

Baths

2

Home Size

12090 Sq. Ft.

Lot Size

11998 Sq. Ft.

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12.48 GRM and 5.06% cap in Prime Mar Vista!

11465-11473 Venice Blvd is an amazing opportunity to own two side by side courtyard 7 unit buildings at $339/Sq. Ft. 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 56% 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. Priced at $4,100,000 the property offer a very low $292k per unit and $339 Sq Ft. The property is currently operating at 12.48 GRM with 56% in Rental Upside! 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 *GRM and Cap Rate income assume Manager's Unit to be vacant and rented at Market Rate

This home located at 11473 Venice BLVD is currently activeUnderContract and has been available on pardeeproperties.com for 125 days. This property is listed at $4,100,000. It has 3 beds and 2 bathrooms. The property was built in 1956. 11473 Venice BLVD is in the Palms - Mar Vista community of Los Angeles County.

Quick Facts

  • 125 days on market
  • Built in 1956
  • Total parking spaces 9Car
  • Apartment
  • Community | Palms - Mar Vista
  • MLS# | SB24027071MR
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Listed By Aaron Jacobson · Lyon Stahl Investment Real Estate, Inc.

Explore Mar Vista, CA

This neighborhood nestled in between Venice and Palms is the most up and coming area on the Westside of Los Angeles.

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