2422 Venice Boulevard, Los Angeles, CA 90019
- $2,000,000
- $424
- $2,000,000
- $424
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.
Address
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Address: 2422 Venice Boulevard
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90019
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Area: C16 - Mid Los Angeles
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Country: United States
Details
Updated on June 25, 2024 at 8:24 am-
Property ID SGR-33059578
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Price $2,000,000
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Property Size 4716.00 m²
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Land Area 6008.00 m²
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Bathrooms 5
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Garage 0.00
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Year Built 1913
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Property Type Residential Income
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Property Status For Sale
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Living Area 4716.00
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MLS# 24404755
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Office Name LYON STAHL INVESTMENT REAL ESTATE, INC.
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Agent Name William James
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MLS Status Active
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Living Area Prefix Sqft
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Co-Office Name Lyon Stahl Investment Real Estate, Inc.
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Co-Agent Name Peter James
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Agent State License 01734419
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Co-Agent State License 01748556
Additional details
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Roof Composition,Shingle
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View City Lights
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Sewer Other
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Cooling Wall/Window Unit(s)
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Heating Wall Furnace
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County Los Angeles
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Parking 5.00
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Down Payment
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Loan Amount
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Monthly Mortgage Payment
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees
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