2422 Venice Blvd.
$2,000,000
—
5
4,716
4,716
$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...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.
- Listed by William James • DRE #01734419 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
- Listed by Peter James • DRE #01748556 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 2422 Venice Blvd.
Water Front
None
ZoningLAR3
StyleMid-Century
Cross StreetsVenice Blvd & St. Andrews
Parcel Number5073015001
Total Units14.0
Living Area4716
Source Living AreaTitle Company
LISTING UPDATED: 06/25/2024 12:01 AM
Property Details for 2422 Venice Blvd.
Status | Active |
---|---|
MLS # | 24-404755 |
Days on Market | 153 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1913 |
Lot Size | 0.14 AC / 6,008 SF |
County | Los Angeles County |
Building Information for 2422 Venice Blvd.
Stories2Residences-Year Built1913Building Size-Lot Size0.14 AC / 6,008 SF
Property Information for 2422 Venice Blvd.
Property History for 2422 Venice Blvd.
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2422 Venice Blvd.
Taxable ValueLand$1,393,861Additions$589,709Total$1,983,570
Tax Record2024$24,590 ($2,049 / month)
Home Facts
Total Finished SqFt4,716 SqFtAbove Grade Finished SqFt4,716 SqFtLot Size6,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1913ZoningLAR3CountyLOS ANGELESAPN5073-015-001
Schools near 2422 Venice Blvd.
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 4 | |||
Public - | K to 5 | |||
Charter - | 5 to 8 | |||
Public - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Twenty-Fourth Street Elementary School PublicK to 4 | ||
Carson-Gore Academy Of Enviornmental Studies PublicK to 5 | ||
Crown Preparatory Academy Charter5 to 8 | ||
Pio Pico Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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