11262 Venice Boulevard

McLaughlin, Culver City, CA 90230

$1,300,000
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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Property 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 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.
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PROPERTY DETAILS

  • Exterior
    .11 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1954
  • MLS/Listing ID
    PW22231075
  • Days On Market
    100
Listing Courtesy of Marcus & Millichap, Listing Agents Kevin King - CA DRE Lic. #01158184 - kking@marcusmillichap.com and Ryan Gonzalez - CA DRE Lic. #01874815 - rgonzalez@marcusmillichap.com