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12028-12032 Venice Blvd
Los Angeles, CA 90066 Mar Vista

$2,995,000 USD

Apartments For Sale  •  6,194 SF

Property Details

  • Property Type Apartments
  • Total Building Size 6,194 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1960
  • Zoning LAC2
49 Transit Score
86 Walk Score

Highlights

Retail and residential building with an easy cap rate of 7.3% without without relocating any residential tenants
Two six residential 1-bedroom apartments, two retail stores, four office suites, and two single car garages
All of the retail and commercial tenants are on month-to-month leases allowing the opportunity to raise commercial rents
Pro forma income of $187,560 net bringing your total building NOI to $221,773
Relocating residential tenants adds an ADDITIONAL 20% upside in rents
Located one block from the Mar Vista Farmer's Market

Amenities

  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Los Angeles International 12 min - 6.9 mi
Bob Hope 31 min - 21.7 mi
Long Beach (Daugherty Field) 31 min - 24.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Oron Maher 310-464-1453 Maher Commercial Realty
Oron Maher 310-464-1453 Maher Commercial Realty