Active

2422 Venice Blvd

Los Angeles CA, 90019

$2,000,000


$424.09 per sqft

Active

5 Baths

4,716 sqft

Multi-family

Built in 1913

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.

24-404755

MLS ID

June 17, 2024

Listed

October 2, 2024

Updated

Map

2422 Venice Blvd
Los Angeles CA, 90019

Interior Features

Total Stories

2


Total Bathrooms

5


Appliances

Range/Oven, Refrigerator, Garbage Disposal, Washer, Dryer, Dishwasher


Laundry Description

Community


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Wall

Exterior/Building Features

Lot Size

0.14 Acres


Architectual Style

Mid-Century


Roof

Composition, Shingle


Sewer

In Street

Other Property Details

Area Name

Mid Los Angeles


Days on Market

8


Garage

No


Parking

Carport


Parking Total

5


View

Yes


View Description

City


County

Los Angeles


Water Source

Public


Pool

No


Pool Features

None


Zoning

LAR3

Listed by William James with Lyon Stahl Investment Real Estate, Inc.
Listing Contact: 310-600-9858 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Robert Edie shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

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