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1475 Venice Blvd 10 Unit Apartment Building $2,748,711 CAD ($274,871 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!!!
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,528
|
$33.18
|
| Other Income |
$5,373
|
$0.79
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$229,901
|
$33.98
|
| Taxes |
$35,033
|
$5.18
|
| Operating Expenses |
$49,116
|
$7.26
|
| Total Expenses |
$84,149
|
$12.44
|
| Net Operating Income |
$145,752
|
$21.54
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $224,528 |
| Annual Per SF | $33.18 |
| Other Income (CAD) | |
|---|---|
| Annual | $5,373 |
| Annual Per SF | $0.79 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $229,901 |
| Annual Per SF | $33.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,033 |
| Annual Per SF | $5.18 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $49,116 |
| Annual Per SF | $7.26 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,149 |
| Annual Per SF | $12.44 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $145,752 |
| Annual Per SF | $21.54 |
PROPERTY FACTS
| Price | $2,748,711 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $274,871 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 | $2,748,711 CAD |
| Price Per Unit | $274,871 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 (72)
PROPERTY TAXES
| Parcel Number | 5056-007-022 | Total Assessment | $2,855,758 CAD (2025) |
| Land Assessment | $2,127,501 CAD (2025) | Annual Taxes | $35,033 CAD ($5.18 CAD/SF) |
| Improvements Assessment | $728,257 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5056-007-022
Land Assessment
$2,127,501 CAD (2025)
Improvements Assessment
$728,257 CAD (2025)
Total Assessment
$2,855,758 CAD (2025)
Annual Taxes
$35,033 CAD ($5.18 CAD/SF)
Tax Year
2024
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1475 Venice Blvd
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