Address
12518 VENICE Los Angeles, CA
Price
$ 4,600,000
Property Attributes
  • MLS#17270154
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaPalms - Mar Vista
  • Zip90066
  • Style
  • Price$ 4,600,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9652
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Ramin Gheitanchi with Charles Dunn West La.
Property Description

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. 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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
9/13/2017 Listed $4,600,000

General Features

MLS Area C13 - Palms - Mar Vista
Price Per Square Foot 476.59
Special Listing Conditions Standard
Total Units 11
Zoning LAR3

Interior Features

Appliances None
Cooling None
Flooring Wood
Laundry Features None
Total Stories 2

Exterior Features

Building Area Total 9652
Lot Dimensions 100x140
Lot Size Acres 0.3200
Lot Size Area 14010.0000
Lot Size Square Feet 14010.00
Lotsizeunits Square Feet
Number of Buildings 3
Parking Features Garage
Parking Y/N 1

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Pets
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90066

Price
AVG $2.11M
$4.6M
Year Built
AVG 1947
1948

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