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1475 Venice Blvd 10 Unit Apartment Building $2,728,103 CAD ($272,810 CAD/Unit) 5.30% Cap Rate Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Outstanding Value Add Opportunity!!!
- Great walk Score of 89!!! Close Proximity to Metro Local Lines Along Pico & Venice Blvd's!!!
- Spacious One Bedroom One Bath Apartments with Huge Upside Potential!!!
- Excellent, Assumable Financing in the Approximate Amount of $1,260,000 at 3.8%, Fixed until July 2029!!!
- Freeway Access to Westside Beaches (10 fwy), Hollywood & K-Town (101 fwy), LAX & South Bay via the 110 & 405 Freeways!!!
EXECUTIVE SUMMARY
Lee & Associates Investment Services Group is pleased to offer for sale a 10 unit apartment building located just west of Hoover Avenue on the northeast corner of Venice Boulevard and Magnolia Avenue. Residents benefit from convenient access to Downtown LA, Hollywood, and the Westside via major freeways and Metro lines. The surrounding area is highly walkable (score 89) and offers a mix of shopping, global restaurants, local cafes, Korean spas, and nightlife.
Situated on a 6,766 square-foot lot, the building is comprised of 10 spacious one bedroom one bath units (appx 675sf).With approximately 39% rental upside, there is significant potential to increase revenue through interior unit renovations. The Venice Apartments is separately metered for gas and electricity. Additionally, the seller is in the process of upgrading the property’s electrical main panel and sub-panels.
The Venice Apartments represents an outstanding value-add opportunity in a high-demand, Los Angeles sub-market. The neighborhood’s revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors.
Situated on a 6,766 square-foot lot, the building is comprised of 10 spacious one bedroom one bath units (appx 675sf).With approximately 39% rental upside, there is significant potential to increase revenue through interior unit renovations. The Venice Apartments is separately metered for gas and electricity. Additionally, the seller is in the process of upgrading the property’s electrical main panel and sub-panels.
The Venice Apartments represents an outstanding value-add opportunity in a high-demand, Los Angeles sub-market. The neighborhood’s revitalization combined with the potential for increased rental income makes this an outstanding investment for multifamily investors.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$222,844
|
$32.94
|
| Other Income |
$5,333
|
$0.79
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$228,177
|
$33.72
|
| Taxes |
$34,771
|
$5.14
|
| Operating Expenses |
$48,748
|
$7.20
|
| Total Expenses |
$83,518
|
$12.34
|
| Net Operating Income |
$144,659
|
$21.38
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $222,844 |
| Annual Per SF | $32.94 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,333 |
| Annual Per SF | $0.79 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $228,177 |
| Annual Per SF | $33.72 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,771 |
| Annual Per SF | $5.14 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $48,748 |
| Annual Per SF | $7.20 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $83,518 |
| Annual Per SF | $12.34 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $144,659 |
| Annual Per SF | $21.38 |
PROPERTY FACTS
| Price | $2,728,103 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $272,810 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.30% | Building Size | 6,766 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 1.33/1,000 SF |
| Zoning | LACM | ||
| Price | $2,728,103 CAD |
| Price Per Unit | $272,810 CAD |
| Sale Type | Investment |
| Cap Rate | 5.30% |
| Gross Rent Multiplier | 12 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,766 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | LACM |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 675 - 677 |
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 5056-007-022 | Total Assessment | $2,769,565 CAD (2025) |
| Land Assessment | $2,063,288 CAD (2025) | Annual Taxes | $34,771 CAD ($5.14 CAD/SF) |
| Improvements Assessment | $706,277 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5056-007-022
Land Assessment
$2,063,288 CAD (2025)
Improvements Assessment
$706,277 CAD (2025)
Total Assessment
$2,769,565 CAD (2025)
Annual Taxes
$34,771 CAD ($5.14 CAD/SF)
Tax Year
2024
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1475 Venice Blvd
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