11262 Venice BLVD

CULVER CITY, CA, 90230

$1,300,000

$424 per ft²
$1,300,000
$424 per ft²
Pending
Pending
 - For Sale
beds
3 Beds
baths
2 Baths
carpenters-square
3,060 ft²
property_type
Multi-family
calendar
Built 1954
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.
MLS® ID:
PW22231075MR
Listed:
10/26/22
Updated:
3/31/23

Interior Features

Total Bedrooms
3
Total Bathrooms
2
Laundry Description
None

Exterior/Building Features

Lot Size
5,000 ft² lot
Sewer
Public Sewer

Other Property Details

Garage
Yes
Garage Spaces
4
Parking
4
Parking Total
4.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
CCR4YY

Property History

Date
Event
Price
Value
1/11/23
Price Change
$1,300,000
-7%
3/27/23
Pending
-
-

Courtesy of Marcus & Millichap, Kevin King,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Megan Whalen Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/31/23

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