12518 VENICE Los Angeles, CA 90066

193499255 34.0022087097168 -118.435546875 124 /listing/193499255-150476128/12518-venice-los-angeles-ca-90066 False 0 4300000.0000 105 17292450 False
$4,300,000
  • Est payment $23083.33/mo

Property & Neighborhood Info

Courtesy Of Ramin Gheitanchi, Charles Dunn West La

Multi-Family in Los Angeles

$300,000 PRICE REDUCTION. MOTIVATED SELLER! Please contact broker for a full marketing package. Prime Mar Vista location 11-unit multi-family property consisting of 3 buildings on a large double lot of over 14,000 S.F. zoned LAR-3 suitable to develop luxury condominiums. The Property features an excellent mix of 8-two bedroom one bath + dining area, 2-one bedroom one bath units and 1-three bedroom two bath unit suitable for an owner/user. The property is separately metered for gas and electricity minimizing the owner's expenses. The property also features a laundry room for the convenience of the residents and additional monthly income as the machines are owned by the seller. With significant upside of approximately 44% in rents, a savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turnover.

Courtesy Of Ramin Gheitanchi, Charles Dunn West La

Main Features

  • Listing Status: Off Market
  • Year Built: 1948
  • Floors: 2
  • County: Los Angeles
  • Units: 11
  • Zoning: LAR3
  • MLS Number:17292450

Additional Features

  • Appliances:
    • None
  • Cooling:
    • None
  • Laundry:
    • None
  • Parking:
    • Carport Attached
  • Special Conditions:
    • Standard
  • CDOM:
    • 124
  • Gross Operating Income:
    • 223912.00
  • Land Value:
    • 550328
  • Lot Size Dimensions:
    • 100x140
  • Lot Size Square Feet:
    • 14010.00
  • Net Operating Income:
    • 135519.00
  • Number of Buildings:
    • 3
  • Price Per SQFT:
    • 445.50
  • Tax ID:
    • 4235012003
  • Total Expenses:
    • 88393.00
Neighborhood info courtesy of Homes.com © 2018

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.

12518 VENICE Los Angeles, CA 90066

193499255 34.0022087097168 -118.435546875 124 /listing/193499255-150476128/12518-venice-los-angeles-ca-90066 False 0 4300000.0000 105 17292450 False
  • $4,300,000
  • Est payment $23083.33/mo