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Investment Highlights

  • Prime Central Los Angeles Location near Koreatown and Downtown LA
  • Individually Metered Utilities for gas and electricity
  • Convenient Freeway and Transit Access connecting residents to the Westside, Hollywood, and the Valley
  • Electrical System Upgrades in Progress including main panel and sub-panels
  • Ten Spacious One-Bedroom / One-Bathroom Units
  • Highly Walkable Neighborhood (Walk Score 89) with abundant retail and dining options

Executive Summary

CAP 6.84%
2 UNITS TO BE DELIVERED VACANT AT CLOSE OF ESCROW.
PRICED TO MOVE: 10-UNIT MULTIFAMILY IN THE PATH OF PROGRESS.
Welcome to The Venice Apartments—a powerhouse addition to your portfolio or the perfect 1031 exchange destination.
Situated right between DTLA and Koreatown, this mid-century property features ten spacious 1-bed/1-bath units capitalizing on Los Angeles’ strongest rental demand. Recent infrastructure overhauls include massive electrical system upgrades (main panel and sub-panels completed). Separately metered for gas and electricity means low owner overhead and optimal operational efficiency. High walk score (91) guarantees zero friction filling vacancies.
Seller is highly motivated and looking for a clean, lightning-fast close. Bring your best terms and let's lock this down today.
The "Value-Add" Play (Aggressive & ROI-Focused)ATTENTION AGGRESSIVE INVESTORS: MASSIVE UPSIDE + MOTIVATED SELLER. Stop looking at low-yield properties—1475 W Venice Blvd is an absolute cash-flow engine waiting to be fully unlocked. 10 individual 1-bed/1-bath units in a Walker’s Paradise location just minutes from USC, DTLA, and Koreatown. The heavy lifting on infrastructure is already underway with electrical system upgrades in progress. Stable in-place income gives you immediate day-one revenue, while an aggressive unit-turn strategy offers massive pro-forma upside. Listed below peak comps for an immediate response. Cash, conventional, or 1031 exchange welcome. Blink and you’ll miss it—submit your offer now before the weekend crowd takes it.
10 UNITS. PRIME HARVARD HEIGHTS. SELLER MOTIVATED TO MOVE. Don't wait on this one—1475 W Venice Blvd is priced to sell now. 10 units (all 1+1 layouts) sitting on an 8,400+ SF lot in the direct path of DTLA/K-Town progress. Features low landlord expenses with separate gas/electric meters and brand-new electrical panels/sub-panels already rolling. Exceptional public transit access and a 91 Walk Score keep tenant demand permanently high.
Seller is ready to review clean offers immediately and move at lightning speed.
Call listing agent for the full Offering Memorandum and secure this asset before it hits the pending list.
The main panel and sub-panel electrical upgrades signals that the building isn't a total deferred-maintenance trap.
The Utility Layout: Highlighting individual gas/electric meters is music to a multifamily investor's ears because it keeps landlord expenses predictable.
The Location Leverage: Calling out the 91 Walk Score and proximity to K-Town/DTLA reminds buyers of how easy it is to keep the building at 100% occupancy.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $230,405 $34.05
Other Income $5,444 $0.80
Vacancy Loss - -
Effective Gross Income $235,849 $34.86
Taxes $50,539 $7.47
Operating Expenses $42,770 $6.32
Total Expenses $93,309 $13.79
Net Operating Income $142,540 $21.07

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $230,405
Annual Per SF $34.05
Other Income (CAD)
Annual $5,444
Annual Per SF $0.80
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $235,849
Annual Per SF $34.86
Taxes (CAD)
Annual $50,539
Annual Per SF $7.47
Operating Expenses (CAD)
Annual $42,770
Annual Per SF $6.32
Total Expenses (CAD)
Annual $93,309
Annual Per SF $13.79
Net Operating Income (CAD)
Annual $142,540
Annual Per SF $21.07

Property Facts

Price $2,557,260 CAD
Price Per Unit $255,726 CAD
Sale Type Investment
Cap Rate 6.84%
Gross Rent Multiplier 10.23
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 80%
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 - 600 - 700
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
5056-007-022
Land Assessment
$2,143,494 CAD
Improvements Assessment
$733,732 CAD
Total Assessment
$2,877,226 CAD
Annual Taxes
$50,539 CAD ($7.47 CAD/SF)
Tax Year
2025
  • Listing ID: 41173997

  • Date on Market: 2026-04-27

  • Last Updated:

  • Address: 1475 Venice Blvd, Los Angeles, CA 90006

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