2501 Venice BLVD new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90019
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,005 sqft
Price per Sqft $321
MLS Listing ID 25504269
Bedrooms 10
Year Built 1928
Lot Size 0.288 Acres
Property Description
Cash Flowing asset with Massive Upside. Incredible value-add opportunity with potential 123.3% in upside rents from current to market. All units are Month-to-month leases, a highly attractive opportunity for strategic tenant repositioning to reset rents to market rates and significantly increase cash flow and property value. This 10-unit investment opportunity is on a 12,562 lot. Roof is 10 years old, electrical upgrades, resurfaced garages, replace wood staris. Prime location known for its high demand, central location and its appeal to a broad tenant base. Why wait for prices to keep rising, as current trends indicate they will? Units shown with accepted offer. Broker does not guarantee square footage or lot size. Buyer to perform due diligence.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Heating Wall Furnace
Cooling None
Exterior
Pool None
Roof Type Shingle
Building
Story 2
New Construction No
Others
Special Listing Condition Standard