2422 Venice Boulevard Los Angeles, CA 90019
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site8 Days
- MLS StatusActive
- MLS ID Number24404755
- Home Size Source N/A
- Year Built1913
- Lot Size0.1379 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Mid Century Modern
- Construction Stucco
- Parking Carport
- Parking Spaces 5
- Sewer Other
- Number of Stories Multi/Split2
- Acreage 0.1379
- Security Automatic GateCarbon Monoxide Detector(s)Smoke Detector(s)Gated CommunityWindow Bars
- Garage Spaces 0
- Zoning LAR3
- Listing Conditions Standard
- Property Condition Updated/ Remodeled
- Direction Faces North
Interior Features
- Cooling Wall/ Window Unit(s)
- Heating Wall Furnace
- Appliances DishwasherDisposalRefrigerator
- Laundry Features Washer IncludedDryer IncludedCommunity
Exterior Features
- Roof CompositionShingle
- View City Lights
- Spa No
- Pool Features None
- Spa Features None
Community Features
- Senior Community No
- MLS Area C16 - Mid Los Angeles
- Security Features Automatic GateCarbon Monoxide Detector(s)Smoke Detector(s)Gated CommunityWindow Bars