This Multifamily Property is no longer advertised on LoopNet.com.
2176 Venice Blvd
17 units | $214k/door - 6.25% Actual Cap Rate · Multifamily Property For Sale
·
17 Units
INVESTMENT HIGHLIGHTS
Incredible value-add opportunity with potential for high returns on investment
Current Cap Rate of 6.25% and GRM of 11.4, with potential to increase to 10.48% Cap Rate and 7.6 GRM on proforma
5 units have already been fully remodeled with permits, featuring modern cabinets and flooring
17 units at a low price of only $214k per door
Includes 3 brand-new attached ADUs currently under construction
Prime location in a desirable neighborhood
PROPERTY FACTS
No. Units
17
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
B
Lot Size
0.23 AC
Building Size
9,311 SF
Average Occupancy
76%
No. Stories
2
Year Built/Renovated
1963/2024
Parking Ratio
0.54/1,000 SF
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
2
-
-
1+1
14
-
-
3+2
1
-
-
PROPERTY TAXES
Parcel Number
5074-018-025
Improvements Assessment
$504,594
Land Assessment
$1,872,720
Total Assessment
$2,377,314
ZONING
Zoning Code
C1-1VL-HPOZ-CPIO
