3617 Venice Blvd
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3617 Venice Blvd
29 Unit Apartment Building $14,650,000 ($505,172/Unit) 4.70% Cap Rate Los Angeles, CA 90019
Investment Highlights
- Newly Constructed Building with 28 Residential Units and One Commercial Space Features Premium Finishes and up-to-date Amenities, Attracting High-Qual
- Separately Metered for all Utilities.
- Positioned on Venice Blvd, Offering Unbeatable Visibility and Quick Access to Culver City, Koreatown, and Downtown LA.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $14,650,000 | Apartment Style | Mid Rise |
| Price Per Unit | $505,172 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Cap Rate | 4.70% | Building Size | 28,000 SF |
| Gross Rent Multiplier | 14.53 | No. Stories | 5 |
| No. Units | 29 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 1.14/1,000 SF |
| Property Subtype | Apartment |
| Price | $14,650,000 |
| Price Per Unit | $505,172 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.53 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 28,000 SF |
| No. Stories | 5 |
| Year Built | 2023 |
| Parking Ratio | 1.14/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- On-Site Retail
- Smoke Free
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 29 | - | 750 - 925 |
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Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5072-017-016 | Total Assessment | $6,786,349 |
| Land Assessment | $2,624,749 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $4,161,600 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5072-017-016
Land Assessment
$2,624,749
Improvements Assessment
$4,161,600
Total Assessment
$6,786,349
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
zoning
| Zoning Code | LAC2 |
| LAC2 |
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3617 Venice Blvd
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