Julio Ruiz
This listing was posted on Julio Ruiz (via ListedBuy).
$2,995,000
2176 South Venice Boulevard, Los Angeles, CA 90006
Price:
$2,995,000
BR/BA:
10+ BR, 10+ BA
Location:
2176 South Venice Boulevard, Los Angeles, CA
Description:
Huge 300k Price drop alert! 100% occupied 14-unit value-add opportunity with a remarkable Current Cap Rate of 6% and 12 GRM and an incredible 65% upside potential to an 11.2% Cap Rate and 7.2 GRM on proforma. Located in prime Mid City, this property is offered at an unbelievable price of only 206k/unit and $335/SF, making it too good to pass up. Plus, there are Fully Approved RTI plans to add 3 Attached ADUs to improve the numbers to only 170k/unit, 7.8% Cap Rate, and 9.6 GRM on current. 4 of the units have been already fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, 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 twelve cars and requires no soft-story retrofitting. Preliminary plans have already been drafted to add 2 additional Detached ADUs over the carport - adding even more income-generating potential! 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! Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
8,640 sq. ft.
Amenities:
Gated, Parking
For sale by:
Agent/Broker
Agent Name:
Julio Ruiz
Posted:
September 1 2023 on ListedBuy
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to Julio Ruiz (via ListedBuy)
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: 2176 South Venice Boulevard, Los Angeles, CA 90006
2176 South Venice Boulevard, Los Angeles, CA 90006 is a 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale at 2176 South Venice Boulevard in Los Angeles CA. Find other listings like 2176 South Venice Boulevard, Los Angeles, CA 90006 and listings near 2176 South Venice Boulevard by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.
2176 South Venice Boulevard, Los Angeles, CA 90006 is a 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale at 2176 South Venice Boulevard in Los Angeles CA. Find other listings like 2176 South Venice Boulevard, Los Angeles, CA 90006 and listings near 2176 South Venice Boulevard by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 15 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.