2422 Venice Boulevard

Los Angeles, CA 90019 Active for $2,000,000
 


Beds: 0  Baths: 5  Structure Size: 4,716 sqft  Lot Size: 6,008 sqft


Property Facts
MLS 24404755
Year Built 1913
Property Type
County Los Angeles
Status Active
Active $2,000,000
Structure Size 4,716 sqft
Lot Size 6,008 sqft
Beds 0
Baths 5

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.

Listing information courtesy of: William James, Lyon Stahl Investment Real Estate, Inc. 310-425-9838. *Based on information from the Association of REALTORS/Multiple Listing as of 11/09/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.


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