Culver City, CA 90230,11262 Venice Boulevard
Culver City, CA 90230,11262 Venice Boulevard
Culver City, CA 90230,11262 Venice Boulevard
8
$1,075,000
$1,300,000
17.3%
Est.Price: ?

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3 BD

11262 Venice Boulevard Culver City, CA 90230

Est. payment /mo
SOLD DATE : 04/20/2023

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Key Details

Sold Price $1,075,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW22231075

Bedrooms 3

Property Sub-Type Res Income 2-4 Units

Property Description

TRUE VALUE-ADD OPPORTUNITY WITH APPROXIMATLEY 75% UPSIDE IN RENTS CENTRAL WEST LOS ANGELES LOCATION ON VENICE BLVD IN DESIREABLE CULVER CITY IMMEDIATELY ADJACENT TO 405 FREEWAY AND CLOSE TO METRO EXPO LINE, PROVIDING EASY-ACCESS FOR COMMUTING TENANTS PLENTY OF STREET PARKING, ALONG WITH TWO, 2-CAR GARAGES COMMON-AREA LAUNDRY ROOM 1954 CONSTRUCTION HISTORICALLY LOW FINANCING AVAILABE FOR MULTI-FAMILY PROPERTIES We are pleased to present a 4-unit apartment building located at 11262 Venice Boulevard in Culver City, California. Built in 1954, the subject property consists of 3,060 rentable square feet, spread throughout a 5,000 square foot lot. The unit-mix consists of two 2-bedroom/ 1-bath units and two 1-bedroom/ 1-bath units. Owners can enjoy the high demand for rentals in West Los Angeles with desirable rental demographics that include educated and affluent young professionals. Tenants enjoy living in close proximity to many employment opportunities, entertainment venues, shopping, and restaurants. Culver City continues to progress forward and is currently experiencing major redevelopments including the Ivy Station project, which includes 500,000 square feet of offices, apartments, a hotel, stores and restaurants. Apple's 550,000 square-foot mixed-use campus, along with companies like Amazon Studios, Warner Media and Tik Tok can also be found in this area. This is an excellent opportunity to acquire a quality asset with true rental upside, bringing a steady return to the Buyer after conducting renovations.

Location

State CA

County Los Angeles

Zoning Assessor

Exterior

View Y/N No

Others

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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MLS Router / San Diego MLS
Listed by Kevin King Marcus & Millichap
Bought with NONE NONE None MRML

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Dave Dennis

Dave Dennis

Agent | License ID: 01343870

+1(619) 987-9484

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