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$ 1,395,000
Est. payment | /mo
5,664 SqFt
$ 1,395,000
Est. payment | /mo
5,664 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,664 sqft
Price per Sqft $246
MLS Listing ID CRSR25036332
HOA Y/N No
Year Built 1920
Lot Size 10,501 Sqft
Acres 0.24
Property Sub-Type Other
Property Description
We are pleased to present an excellent 5-unit investment opportunity located near Venice Blvd & Arlington Ave in Mid City! Consisting of +/- 5,664 sq. ft. of rentable space, the subject spaciously features two 3 bedroom / 1 bath units, two 2 bedroom / 1 bath units, and one 1 bedroom / 1 bath unit. Three of the five units were completely remodeled and have new kitchens, bathrooms, windows, restored hardwood flooring and built in cabinetry. Capital improvements include new sewer lines replaced in 2020 and updated electrical panels and subpanels. Other amazing advantages of the building include washer/dryers in each unit, individual water heaters in each unit, as well as on-site private parking provided for tenants. More impressive, the building boasts a GRM of 10.8 and CAP rate of 6.9% on current rents! With a generous lot size of +/- 10,501 sq. ft., the opportunities for further improvements to the property are endless. This is a rare opportunity for an investor to acquire a pride of ownership and well maintained property in a great Mid City location just north of Venice Blvd and close to all major attractions such as Los Angeles County Museum of Art, The Original Farmers Market, The Grove, and the Petersen Museum.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Fireplace No
Appliance Dryer
Laundry Dryer, Washer
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 5072024012
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Anie Mayelian • Keller Williams Realty Calabasas