Active
2422 Venice Blvd
Los Angeles CA, 90019
$2,000,000
$424.09 per sqft
Active
5 Baths
4,716 sqft
Multi-family
Built in 1913
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.
24-404755
MLSⓇ ID
June 17, 2024
Listed
August 23, 2024
Updated
Map
2422 Venice Blvd
Los Angeles CA, 90019
Interior Features
Total Stories
2
Total Bathrooms
5
Appliances
Range/Oven, Refrigerator, Garbage Disposal, Washer, Dryer, Dishwasher
Laundry Description
Community
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
Mid-Century
Roof
Composition, Shingle
Sewer
In Street
Other Property Details
Area Name
Mid Los Angeles
Days on Market
8
Garage
No
Parking
Carport
Parking Total
5
View
Yes
View Description
City
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR3
Listed by William James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-600-9858
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Stormie Leoni shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024
