2422 Venice Boulevard

Los Angeles, CA 90019

$2,000,000

List Price

0

bed Beds

5

shower Baths

4,716 sqft

straighten / sqft

1913

calendar_month Built

Property 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 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.

Listing Information

List Price $2,000,000
Status Active
MLS 24404755
Type Residential Income
Year Built 1913
Lot Size 6,008
Structure Size 4,716
DOM 57
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent William James DRE#01734419
Co-Listing Agent Peter James DRE#01748556

Interior Features

Laundry Information
Location(s) Common Area
Total Bathroom
Bathrooms 5
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Jun 25th, 2024 at 12:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.