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    12926 Venice Blvd

    Los Angeles, CA 90066
    • $5,250,000
    • STATUS: Active
    • ON SITE: 126 days
    • MLS #: 20-671032
    UPDATED: 219 min ago
    $5,250,000
    • 4
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,968
      SQFT
    • $659
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Description

    3 Full paying tenants on ground floor, each paying $3.00 NNN. Second floor was two 2-bedroom units and was previously converted for owner-user. No upstairs tenants for 6 years so can be easily converted back to 2 or 3 units, all while covering your costs of ownership by collecting rents from the tenants below. Penthouse has 360 degrees views from every angle and a loft-like living space opens into a 2,000 sf outdoor oasis that includes fire pit, landscaped turf yard, and privacy hedges. C-2 lot so can build up to 27 units by-right. With 6 units it's a going-in 6% cap.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T23:42:27.367. 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.
    www.desertarealuxuryhomes.com/homes/113044989
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    12926 Venice Blvd Los Angeles, CA 90066

    • Price: $5,250,000
    • Status: Active
    • Updated: 219 min ago
    • MLS #: 20-671032
    4
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    7,968
    SQFT
    $659
    $/SQFT
    1954
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    3 Full paying tenants on ground floor, each paying $3.00 NNN. Second floor was two 2-bedroom units and was previously converted for owner-user. No upstairs tenants for 6 years so can be easily converted back to 2 or 3 units, all while covering your costs of ownership by collecting rents from the tenants below. Penthouse has 360 degrees views from every angle and a loft-like living space opens into a 2,000 sf outdoor oasis that includes fire pit, landscaped turf yard, and privacy hedges. C-2 lot so can build up to 27 units by-right. With 6 units it's a going-in 6% cap.
    Exterior Features

    Lot Size Area 7998 Other Structures None Parking Garage Assigned Total Parking 9

    Interior Features

    Baths Total 5.00 Cooling Air ConditioningMulti/Zone Equipment Other Heating Electric Windows Double Pane Windows

    Property Features

    Gross Income 321738 Gross Operating Income 321738 Like Units1 2 Like Units2 1 Like Units3 3 Net Operating Income 320658.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Owner Source Lot Size Area Assessor Tenant Pays InsuranceGasElectricityCable TvGardenerManagementTaxesTrash Collection Total Annual Expense 1080 Type Of Units 5 Year Built Source Vendor Enhanced Zoning Lac2

    Listing provided courtesy of Pamela Day DRE#01251365 of Pamela Day.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-05-12T23:42:27.367. 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.
     
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