CA
Los Angeles
Los Angeles
90019
2422 Venice Boulevard
2422 Venice Boulevard, Los Angeles, CA 90019
Listing Type
multi family
Listing Status
active
9
$2,000,000

Home Details for 2422 Venice Boulevard

Price
$2,000,000
Type
ResidentialIncome
Bedrooms
0
Bathrooms
0.0
Square feet
4716
Year built
1913
Lot size acres
0.1379
County
Los Angeles
Garage
0.00
Days on site
118
MLS Listing#
24404755
Listing courtesy: Lyon Stahl Investment Real Estate, Inc.
Property Description

2422 Venice Blvd is a 14 unit apartment building located in the Mid-City Submarket of Los Angeles. Located west of Western Ave, in between Gramercy and St Andrews. Built in 1913, the property consists of (13) SRO units and (1) Bachelor unit. Delivered with 9 vacant units. The property includes 4 recently renovated shared bathrooms totaling 7 toilets and 5 showers, on-site gated parking for 5 cars in the rear, on-site laundry, a recently renovated shared kitchen space, and a new roof. The subject property sits on a 6,006 sf lot zoned LAR3. The investment is offered at a very attractive cap rate and GRM with significant upside in rents. This property covers for a $1,400,000 loan at an 8.5% IO rate for 24 months. This along with the significant amenities for an SRO property make this an attractive opportunity for an investor.

Property Features
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • Wall Furnace
  • Parking
    • Carport
. Presented by: William James
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IDX data provided by Mobile Real Estate, LLC
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Market statistics compiled from data from California Regional MLS.
EXIT ALLIANCE REALTY
43521 Ridge Park Suite 201, Temecula, CA 92590
CA DRE# 01924483. Shawn Sorensen broker.
Karen Totty
REALTOR
Office
951 639 8777
Agent
951 970 5087
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