Listed by RE/MAX Luxe
$1,895,000
2113 Venice
Details
APN 5074008014
Property Type Multifamily
Sub Type Apartment Building
Units 8
Cap Rate 5.87%
NOI $111,228
Occupancy 100%
Buildings 2
Acreage 0.168
Zoning Assessor
Multifamily | 8 Units | $236,875/unit
Marketing description
Nestled in the vibrant MidLos Angeles neighborhood, this charming 8-unit property at 2113 Venice Boulevard offers a compelling investment opportunity. Comprised of two separate structures with four units each, the property features a desirable unit mix of seven one-bedroom, one-bath units and one spacious two-bedroom, two-bath unit, catering to a broader tenant base. The total living area spans approximately 5,858 square feet on a generous 7,294-square-foot lot. The property generates approximately $144,588 in annual rental income and includes four assigned parking spaces for added convenience. Ideally situated, this location blends the accessibility of Mid-City with close proximity to the vibrant cultural and culinary hub of nearby Koreatown. Residents benefit from easy access to dining, entertainment, and major transit corridors, while investors will appreciate the consistent rental demand driven by this central location. With no soft-story retrofit required, the asset is well-positioned for ease of ownership and long-term stability. This is a prime opportunity to acquire a well-located multifamily property in one of Los Angeles most dynamic and evolving neighborhoods.
Listing Contacts
Listed by RE/MAX Luxe
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$111,228.00
$9,269.00/mo
Valuation Metrics
0
DSCR
5.87%
Cap Rate
5.87%
ROI
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