1475 Venice Boulevard,Los Angeles, CA 90006
Los Angeles, CA 90006
Description
CAP 6.84% 2 UNITS TO BE DELIVERED VACANT AT CLOSE OF ESCROW. PRICED TO MOVE: 10-UNIT MULTIFAMILY IN THE PATH OF PROGRESS. Welcome to The Venice Apartments a powerhouse addition to your portfolio or the perfect 1031 exchange destination. Situated right between DTLA and Koreatown, this mid-century property features ten spacious 1-bed/1-bath units capitalizing on Los Angeles' strongest rental demand. Recent infrastructure overhauls include massive electrical system upgrades (main panel and sub-panels completed). Separately metered for gas and electricity means low owner overhead and optimal operational efficiency. High walk score (91) guarantees zero friction filling vacancies. Seller is highly motivated and looking for a clean, lightning-fast close. Bring your best terms and let's lock this down today. The "Value-Add" Play (Aggressive & ROI-Focused)ATTENTION AGGRESSIVE INVESTORS: MASSIVE UPSIDE + MOTIVATED SELLER. Stop looking at low-yield properties. 1475 W Venice Blvd is an absolute cash-flow engine waiting to be fully unlocked. 10 individual 1-bed/1-bath units in a Walker's Paradise location just minutes from USC, DTLA, and Koreatown. The heavy lifting on infrastructure is already underway with electrical system upgrades in progress. Stable in-place income gives you immediate day-one revenue, while an aggressive unit-turn strategy offers massive pro-forma upside. Listed below peak comps for an immediate response. Cash, conventional, or 1031 exchange welcome. Blink and you'll miss it. Submit your offer now before the quicker one takes it. 10 UNITS. PRIME HARVARD HEIGHTS. SELLER MOTIVATED TO MOVE. Don't wait on this one. 1475 W Venice Blvd is priced to sell now. 10 units (all 1+1 layouts) sitting on an 8,400+ SF lot in the direct path of DTLA/K-Town progress. Features low landlord expenses with separate gas/electric meters and brand-new electrical panels/sub-panels already rolling. Exceptional public transit access and a 91 Walk Score keep tenant demand permanently high. Seller is ready to review clean offers immediately and move at lightning speed. Call listing agent for the full Offering Memorandum and secure this asset before it hits the pending list. The main panel and sub-panel electrical upgrades signals that the building isn't a total deferred-maintenance trap. The Utility Layout: Highlighting individual gas/electric meters is music to a multifamily investor's ears because it keeps landlord expenses predictable. The Location Leverage: Calling out the 91 Walk Score and proximity to K-Town/DTLA reminds buyers of how easy it is to keep the building at 100% occupancy.
Details
| MLS # | 26872079 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 17 |
| Listing Provided By | Real Broker | Max Lee |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 6,766 |
| Story(s) | 1 |
| Units | 10 |
| Building(s) | 1 |
| Zoning | LACM |
| Acreage | 0.19 |
Interior
| Appliances | Disposal, Refrigerator |
|---|
Parking
| Parking Features | Assigned |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90006) | |
Price: $1,799,000 low | high Med: $1,400,000 sqft: 6,766 low | high Med: 2,408 $ / sqft: $266 low | high Med: $581 On site: 17 low | high Med: 162 | |
Market Activity 90006
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90006 |
| Area | C16 Mid Los Angeles |
| Listing VS Median (in 90006) | |
Price: $1,799,000 low | high Med: $1,400,000 sqft: 6,766 low | high Med: 2,408 $ / sqft: $266 low | high Med: $581 On site: 17 low | high Med: 162 | |
 | $2,725,0001732 S New EnglandLos Angeles, CA 90006 |