2422 Venice Boulevard, Los Angeles, CA 90019

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Property Description

2422 Venice Blvd is a 14 unit apartment building located in the Mid-City Submarket of Los Angeles. Located west of Western Ave, in between Gramercy and St Andrews. Built in 1913, the property consists of (13) SRO units and (1) Bachelor unit. Delivered with 9 vacant units. The property includes 4 recently renovated shared bathrooms totaling 7 toilets and 5 showers, on-site gated parking for 5 cars in the rear, on-site laundry, a recently renovated shared kitchen space, and a new roof. The subject property sits on a 6,006 sf lot zoned LAR3. The investment is offered at a very attractive cap rate and GRM with significant upside in rents. This property covers for a $1,400,000 loan at an 8.5% IO rate for 24 months. This along with the significant amenities for an SRO property make this an attractive opportunity for an investor.


Interior Features

Laundry Information
Location(s) Common Area
Bathroom Information
Bathrooms 5
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 2422 Venice Boulevard
City Los Angeles
State CA
Zip 90019
County Los Angeles
Listing Agent William James DRE #01734419
Co-Listing Agent Peter James DRE #01748556
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
List Price $2,000,000
Status Active
Type Residential Income
Structure Size 4,716
Lot Size 6,008
Year Built 1913

Listing information courtesy of: William James, Peter James, Lyon Stahl Investment Real Estate, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.