Venice, CA 90291,1500 Venice BLVD
Venice, CA 90291,1500 Venice BLVD
Venice, CA 90291,1500 Venice BLVD
$3,211,289
Est. payment /mo
$3,650,000
12.0%
Est.Price: ?

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5,850 Sqft Lot
SOLD DATE : 12/27/2023

Key Details

Sold Price $3,211,289

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 23332723

Sold Date 12/27/23

HOA Y/N No

Year Built 1985

Lot Size 5,850 Sqft

Property Description

1985 construction, 9*-unit multifamily apartment building located in the heart of West LAnot subject to City of Los Angeles rent control *Well-maintained property with a brand-new roof first time on the market in over 30 years *Diverse unit-mix of studio, one-bedroom, and two-bedroom floor plans all units equipped with Caesarstone countertops, manufactured wood floor, private balconies, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room * Residents benefit from an onsite laundry facility and 15 gated parking spots *Opportunity for a Buyer to achieve 38% in rental upside and an additional ~$79,000 in annual NOI through upgrading the unit interiors to feature stainless steel appliances, in-unit washers and dryers, and revitalizing the exterior with a new paint job

Location

State CA

County Los Angeles

Area C11 - Venice

Zoning LAR4

Interior

Fireplace No

Exterior

Total Parking Spaces 12

Building

Story 2

Others

Tax ID 4236006021

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Anna Kampling • Colliers International Greater Los Angel
Bought with Anna Kampling • Colliers International Greater Los Angel

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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