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1475 Venice Blvd

Los Angeles (City), CA 90006
  • $1,850,000
  • STATUS: Active
  • ON SITE: 11 Days
  • ID#: PW26098354
UPDATED: 56 min ago
$1,850,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1954
County:

School Ratings & Info

Listing Agent(s): Hyeyeon Lee of Dream ERE (657-217-5900)


Description

The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426sqft parcel and provides stable in-place income with additional potential for future growth.Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building’s infrastructure and long-term reliability.With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization. *Please email listing agent for full offering memorandum*

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T13:33:57.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
www.bobkellyteam.com/homes/176157689
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1475 Venice Blvd Los Angeles (City), CA 90006

  • Price: $1,850,000
  • Status: Active
  • On Site: 11 Days
  • Updated: 56 min ago
  • ID#: PW26098354
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1954
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426sqft parcel and provides stable in-place income with additional potential for future growth.Each unit is individually metered for gas and electricity, allowing for efficient utility management. The property has also recently undergone electrical system upgrades, including improvements to the main electrical panel and sub-panels, enhancing the building’s infrastructure and long-term reliability.With its functional unit layouts, improved building systems, and strong surrounding rental demand, the property offers investors the opportunity to further enhance value through thoughtful unit improvements and operational optimization. *Please email listing agent for full offering memorandum*
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 10 Parking Features One Space Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.42 Common Interest None Community Features Sidewalks Electric Expense 1038.49 Fuel Expense 2163.1 Garage YN No Gross Income 166009 Gross Scheduled Income 162577 Insurance Expense 9650.43 Land Lease YN No Laundry Features See Remarks Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Maintenance Expense 7633.02 Net Operating Income 100331 New Construction YN No Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 65678 Other Expense 2163.08 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 5454.5 Water Sewer Expense 12010.55 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-18T13:33:57.157. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.
 
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The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
2355 Northside Drive, Suite 180
San Diego CA, 92108
Listing Agent(s): Hyeyeon Lee of Dream ERE (657-217-5900)