11457 Venice Boulevard
Los Angeles, CA 90066

7 - units in Mar Vista. The property consists of 2 - 1 bedroom + 1 bath and 5- 2 bedroom + 1 bath. The building is 6,083square feet and sits on a 5,998 square foot lot. It was built in 1956. It is individually metered for gas and electricity. The rents are below market and there is over 50% upside in the rents. There is on site laundry. It is located in the high demand area of Mar Vista adjacent to Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the 405 and 10 freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $626,000, 4.68% fixed until 8/18/25, due in 2045. PLEASE DO NOT DISTURB THE TENANTS.