Homes for sale - 2422 Venice BLVD, Los Angeles, CA 90019

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$2,000,000

Est. payment - /mo

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5 BA

4,716 SqFt

Active

2422 Venice BLVD Los Angeles, CA 90019

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Paco Licea

paco@pacotherealtor.com +1(951) 213-9131

UPDATED:

09/30/2024 06:41 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,716 sqft

Price per Sqft $424

MLS Listing ID 24404755

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1913

Lot Size 6,006 Sqft

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.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Laundry Common Area

Exterior

Parking Features Carport

Carport Spaces 5

Pool None

Community Features Gated

View Y/N Yes

View City Lights

Roof Type Composition,Shingle

Total Parking Spaces 5

Private Pool No

Building

Faces North

Story 2

Entry Level Multi/Split

Sewer Other

Architectural Style Mid-Century Modern

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5073015001

Security Features Carbon Monoxide Detector(s),Security Gate,Gated Community,Smoke Detector(s),Window Bars

Special Listing Condition Standard

Listed by William James • Lyon Stahl Investment Real Estate, Inc.

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Paco Licea

Broker | License ID: 01337048

+1(951) 213-9131