Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 9 BR |
| Bathrooms: | 9 |
| Area: | 6912 sq ft |
| Lot Size: | 0.16 Acres |
FinancialsPrice:$2,799,000
DescriptionPRICED 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.
Neighborhood
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.
11910 Venice Blvd 9.0 Marina Del Rey LA
DescriptionPRICED 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.
Neighborhood
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.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.