$3,211,289
$3,650,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
1500 Venice BLVD Venice, CA 90291
5,850 Sqft Lot
Key Details
Sold Price $3,211,289
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23332723
Sold Date 12/27/23
HOA Y/N No
Year Built 1985
Lot Size 5,850 Sqft
Property Description
1985 construction, 9*-unit multifamily apartment building located in the heart of West LAnot subject to City of Los Angeles rent control *Well-maintained property with a brand-new roof first time on the market in over 30 years *Diverse unit-mix of studio, one-bedroom, and two-bedroom floor plans all units equipped with Caesarstone countertops, manufactured wood floor, private balconies, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room * Residents benefit from an onsite laundry facility and 15 gated parking spots *Opportunity for a Buyer to achieve 38% in rental upside and an additional ~$79,000 in annual NOI through upgrading the unit interiors to feature stainless steel appliances, in-unit washers and dryers, and revitalizing the exterior with a new paint job
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR4
Interior
Fireplace No
Exterior
Total Parking Spaces 12
Building
Story 2
Others
Tax ID 4236006021
Special Listing Condition Standard
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Bought with Anna Kampling • Colliers International Greater Los Angel