Phone: 310-729-6573
Email: martin@martinfeinberg.com

12518 VENICE, LOS ANGELES, CA 90066

12518 VENICE
Los Angeles, CA 90066

$4,300,000

Number of Units: 11
Type: Multi-Unit Residential
Listing #17292450
$300,000 PRICE REDUCTION. MOTIVATED SELLER! 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. zoned LAR-3 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.
Property Features
Location Information
County: Los Angeles
MLS Area: Palms - Mar Vista
Directions: The Property is located in the high-demand rental market of West Los Angeles known as Mar Vista. The Property is located on Venice Blvd just West of Centinela Avenue within minutes to world famous Venice Beach, Santa Monica, Marina Del Rey and all the hip
Interior Features
Laundry: None
Appliances: None
Total Number of Units: 11
Exterior Features
Parking Description: Carport Attached
Lot Size in Acres: 0.322
Approximate Size (Sq. Ft.): 9, 652
Lot Size in Sq. Ft.: 14, 010
Dimensions: 100x140
Zoning: LAR3
Additional Information
Property Type: RI
Year Built: 1948
APN: 4235012003
Status: Active
HOA Fee: 0
Listing Agent CA BRE #: 1501715
List Date: 2017-11-28 00:00:00.0


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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
This listing is courtesy of: Ramin Gheitanchi Charles Dunn West La - CA BRE # shown above if in IDX data
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©2018 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 20, 2018 7:56 PM PT The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.