1500 Venice Boulevard, Venice, CA 90291

About this commercial property

1985 construction, 9*-unit multifamily apartment building located in the heart of West LAnot subject to City of Los Angeles rent control *Well-maintained property with a brand-new roof first time on the market in over 30 years *Diverse unit-mix of studio, one-bedroom, and two-bedroom floor plans all units equipped with Caesarstone countertops, manufactured wood floor, private balconies, large closets with ample storage, fireplaces, and wall HVAC in each bedroom and living room * Residents benefit from an onsite laundry facility and 15 gated parking spots *Opportunity for a Buyer to achieve 38% in rental upside and an additional ~$79,000 in annual NOI through upgrading the unit interiors to feature stainless steel appliances, in-unit washers and dryers, and revitalizing the exterior with a new paint job

Listing description from the December 2023 sale, as reported to CRMLS.

Sale history

$3,211,289

Sold December 2023 · listed $3,650,000, on market September 2023 · MLS #23332723 · Source: CRMLS

Listing Agent: Anna Kampling · Listing Office: Colliers International Greater Los Angel · Contact: 213-532-3205 · Bought with: Anna Kampling · Colliers International Greater Los Angel

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