11910 Venice Boulevard, Los Angeles, CA 90066 - Berkshire Hathaway HomeServices California Properties
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11910 Venice Boulevard, Los Angeles, CA 90066

$2,799,000 Approx. USD 9 beds, 9 baths
6,900 sqft
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Listing Agent


Jonathan Swire | jon@jonswire.com
Lic#: 01336277
Broker: Courtesy of The Agency

Agent Remarks

PRICED TO SELL. 11.9 GRM and 5.4% CAP for Non Rent Control on the Westside of Los Angeles. Upside to a 6.3% CAP at market rents. 9 units in Mar Vista (Los Angeles) subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Average rents for similar 1+1's in the area is $2,432, providing a new owner with 10%+ rental upside. All units are 1+1's and were heavily updated with condo-quality finishes in the past few years. Units feature dishwashers, microwaves, recessed lighting and many have private balconies. There is uncovered, assigned parking in the rear for every unit. Windows were also updated in the past 10 years and there is onsite laundry. The building is located on Venice Blvd just blocks from the Sunday Mar Vista Farmers Market as well as many new apartment buildings. It's just minutes from the 405 & 10 Freeways, as well as Venice and Santa Monica. Centrally located to everything with many restaurants and shops within a 5-minute walk. Average home values in the immediate area exceed $1.7MM. Excellent lender financing available for qualified Buyers - 36% down, 5.25% fixed for 5 years. CONTACT LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25501681
Price: $2,799,000
Beds: 9
Baths: 9
Built in 1984
6,900 sqft
2 stories
0.16 acres
Lot size: 0.1587
County: Los Angeles
Zoning: LAR3
Appliances: Dishwasher,Microwave
Parking description: Assigned
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C13 - Palms - Mar Vista

Last Updated: 3/1/2025

 Days On Market (DOM): 25

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This listing belongs to the C13 - Palms - Mar Vista MLS area

Lat/Long: 34.006878, -118.426894.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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