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… Read More 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. Read Less
Property listed by Real Broker, Max Lee 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Beds
10
3/4 Baths
10
Square Ft.
6,766
Lot Size
0.19 Acres
Year Built
1954
MLS Number
26872079
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1954, Living area: 6766.0, 1 building, 2 stories, Levels: One
Income
Gross Income: $177,987, Net Operating Income: $124,590
Lot
0.193 acres
Parking
9 total parking spaces, Assigned
Taxes
Parcel Number: 5056007022, Zoning: LACM
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