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1500 Venice Boulevard

Venice, CA 90291
  • $3,211,289
  • STATUS: Closed
  • ON SITE: 306 Days
  • ID#: 23332723
Sold - 12/27/2023
$3,211,289
SOLD - 12/27/2023
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1985
County:
Area:

School Ratings & Info

Listing Agent(s): Anna Kampling of Colliers International Greater Los Angel (213-532-3205)


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

Sold by Anna Kampling of Colliers International Greater Los Angel.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-18T11:28:06.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/145326717
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1500 Venice Boulevard Venice, CA 90291

  • Price: $3,650,000
  • Status: Closed
  • On Site: 306 Days
  • Updated: 4 min ago
  • ID#: 23332723
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1985
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
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
Exterior Features

Parking Total 12

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Special Listing Conditions Standard Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-18T11:28:06.527. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Anna Kampling of Colliers International Greater Los Angel (213-532-3205)