Armin Soleimani
This listing was posted on RealtyWW.
$3,650,000
Home For Sale In Los Angeles, California
Price:
$3,650,000
BR/BA:
10+ BR, 10+ BA
Location:
2176 S Venice Blvd, Los Angeles, CA
Description:
17-unit value-add opportunity priced at only 214k/door with a remarkable Current Cap Rate of 6.25% and 11.4 GRM and an incredible upside potential to 10.48% Cap Rate and 7.61 GRM on proforma. The property consists of 14 units plus 3 brand-new attached ADUs currently under construction. Additionally, 5 of the 14 units have been already fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Each unit is individually metered for gas and electricity while tenants cover garbage fees - saving you money on utilities from day one. The large 10, 015 SF lot comes complete with gated parking spaces that can accommodate up to multiple cars and requires no soft-story retrofitting. Plus, there are Nearly RTI plans to add 2 additional detached ADUs (2bed/2bath and 3bed/3bath) over the carport to improve the numbers to only 192k/unit, 324/SF, 8.2% Cap Rate, and 9 GRM on current with upside to 12% Cap Rate and 6.6 GRM on proforma after building the detached ADUs. And let's not forget about its unbeatable location near popular neighborhood attractions like Alibi Coffee Co., Starbucks, Koreatown, DTLA, Culver City, and public transportation options all while being in close proximity to major freeways ensuring smooth travel times within Los Angeles city limits. Don't wait another moment to grab this rare opportunity before it slips away!For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69647713
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale at 2176 S Venice Blvd in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2176 S Venice Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale at 2176 S Venice Blvd in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 2176 S Venice Blvd by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 18 Bathroom Single-Family Homes for Sale in Los Angeles CA.