Los Angeles, CA 90019 2501 Venice Boulevard
$2,249,000
Pending
4 more
Presented By: Gayle Barnes with Next Level Properties;
- MLS# 25504269
- 02/27/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 10
Baths • 10
SQFT • 7,005
Home Details
PRIME LOCATION! Flowing asset with Massive Upside. Incredible value-add opportunity. All units are Month-to-month leases, a highly attractive opportunity for strategic tenant repositioning to reset rents to market rates and significantly increase cash flow and property value. This 10-unit investment opportunity is on a 12,562 lot. Roof is 10 years old, electrical upgrades, resurfaced garages, replace wood stairs. Prime location known for its high demand, central location and its appeal to a broad tenant base. Why wait for prices to keep rising, as current trends indicate they will? Units shown with accepted offer. Broker does not guarantee square footage or lot size. Buyer to perform due diligence.
Presented By: Gayle Barnes with Next Level Properties;
Interior Features for 2501 Venice Boulevard
Bedrooms
Total Bedrooms10
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths10
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2
General for 2501 Venice Boulevard
Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingCash, Conventional
Cap Rate3.55
Carport Y/NNo
CityLos Angeles
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsArlington Exit North off 10 freeway, east on Venice.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income116616.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense8670.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet12566.0
Lot Size UnitsSquareFeet
MLS AreaC16 - Mid Los Angeles
MaintenanceExpense8660.0
MobileHomeRemainsYNNo
Net Operating Income79917.0
New ConstructionNo
Number Of Units Total10
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Taxes$3,170
Trash Expense3170.0
Water Sewer Expense10329.0
Waterfront Y/NNo
Year Built1928
Year Built SourceAssessor
ZoningLARD2
Exterior for 2501 Venice Boulevard
Building Area Total7005.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2885
Lot Size Area12566.0
Number of Buildings1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking10.0
Additional Details
Price History
Hal Schlegel
Broker Associate