$2,700,000
$2,975,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
6,834 SqFt
SOLD DATE : 03/09/2023
Key Details
Sold Price $2,700,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,834 sqft
Price per Sqft $395
MLS Listing ID 23229279
Sold Date 03/09/23
Bedrooms 4
HOA Y/N No
Year Built 1924
Lot Size 4,965 Sqft
Property Description
This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The property is being sold along with a single family home on an adjoining lot located at 3759 Midvale Ave. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for the apartments is projected at $6,590, the single family home monthly rent is $2,545 and the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Total Parking Spaces 3
Building
New Construction No
Others
Senior Community No
Tax ID 4252025003
Special Listing Condition Standard
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Bought with Gary Fox Miller & Desatnik Realty Co.
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