12518 VENICE

Estimated Monthly Payment: $19,609/mo 12518 VENICE, Los Angeles, CA 90066 MLS# 17292450 Residential Income Listing Status: Active
21
12
9,652 sqft
13
1
0
0

REMARKS:

$300, 000 PRICE REDUCTION. MOTIVATED SELLER! Please contact broker for a full marketing package. Prime Mar Vista location 11-unit multi-family property consisting of 3 buildings on a large double lot of over 14, 000 S.F. zoned LAR-3 suitable to develop luxury condominiums. The Property features an excellent mix of 8-two bedroom one bath + dining area, 2-one bedroom one bath units and 1-three bedroom two bath unit suitable for an owner/user. The property is separately metered for gas and electricity minimizing the owner's expenses. The property also features a laundry room for the convenience of the residents and additional monthly income as the machines are owned by the seller. With significant upside of approximately 44% in rents, a savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turnover.

OVERVIEW:

17-292450:CLAW
Residential Income
Active
Palms - Mar Vista
1948
9652
Carport Attached
10
Wall Heater
None
100x140

FEATURES:

None

ROOM INFO:

21
12
12

FINANCIAL:

$4,300,000
$223,912

Broker Reciprocity Courtesy of Ramin Gheitanchi - Charles Dunn West La

 

 

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CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). 

 

Data last updated: 12/10/2017