11262 Venice Blvd.
11262 Venice Blvd.
$1,075,000
3
4
3,060
3,060
$351
Closed 4/20/23
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...• 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.
• 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...• 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.
- Listed by Kevin King • DRE #01158184 • Brokerage DRE #00530854 • Marcus & Millichap
- Listed by Ryan Gonzalez • DRE #01874815 • Brokerage DRE #00530854 • Marcus & Millichap
Property Details for 11262 Venice Blvd.
Parking Spaces Total
4
Private PoolNo
Total Units4.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3060
Assessor Parcel Number4214-001-018
Property Attached YNtrue
Location
LISTING UPDATED: 04/21/2023 02:01 AM
Property Details for 11262 Venice Blvd.
Status | Closed |
---|---|
MLS # | PW22231075 |
Days on Market | 151 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1954 |
Lot Size | 0.11 AC / 5,000 SF |
County | Los Angeles County |
Location
Building Information for 11262 Venice Blvd.
Stories-Residences-Year Built1954Building Size-Lot Size0.11 AC / 5,000 SF
Payment Calculator
$6,368 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 11262 Venice Blvd.
Property History for 11262 Venice Blvd.
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 11262 Venice Blvd.
Taxable ValueLand$102,556Additions$239,196Total$341,752
Tax Record2023$6,011 ($501 / month)
Home Facts
Total Finished SqFt3,060 SqFtAbove Grade Finished SqFt3,060 SqFtLot Size5,000 SqFtStyleQuadraplexYear Built1954ZoningCCR4YYCountyLOS ANGELESAPN4214-001-018
Schools near 11262 Venice Blvd.
This home is within Culver City Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 12 |
Rating | School | Distance |
---|---|---|
La Ballona Elementary School PublicK to 5 | ||
Culver City Middle School Public6 to 8 | ||
Culver City High School Public9 to 12 | ||
Culver City Unified School District Academy PublicK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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