3617 Venice Blvd
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3617 Venice Blvd
29 Unit Block of Flats £10,824,687 (£373,265/Unit) 4.65% Net Initial Yield Los Angeles, CA 90019
INVESTMENT HIGHLIGHTS
- Newly Constructed Building with 28 Residential Units and One Commercial Space Features Premium Finishes and up-to-date Amenities, Attracting High-Qual
- Separately Metered for all Utilities.
- Positioned on Venice Blvd, Offering Unbeatable Visibility and Quick Access to Culver City, Koreatown, and Downtown LA.
EXECUTIVE SUMMARY
The modern, newly constructed building at 3617 Venice Blvd boasts 28 premium residential units and one prime commercial space, designed with high-end finishes and up-to-date amenities. This setup attracts quality tenants while minimizing long-term maintenance costs. Strategically located on Venice Blvd, the property offers exceptional visibility and quick access to key neighborhoods such as Culver City, Koreatown, and Downtown Los Angeles. It's just minutes from iconic LA attractions like The La Brea Tar Pits, The Grove, and LACMA. The commercial space benefits from significant foot and vehicle traffic, making it ideal for retail or service businesses. Additionally, the property provides easy access to the I-10 Freeway and earns a "Very Walkable" rating from Walkscore.com, with most errands achievable on foot. All utilities are separately metered, ensuring efficiency and flexibility for both tenants and management.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | £10,824,687 | Apartment Style | Mid Rise |
| Price Per Unit | £373,265 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.37 AC |
| Net Initial Yield | 4.65% | Building Size | 27,448 SF |
| Gross Rent Multiplier | 14.36 | Number of Floors | 5 |
| No. Units | 29 | Year Built | 2023 |
| Property Type | Multifamily | Parking Ratio | 1.17/1,000 SF |
| Property Subtype | Apartment |
| Price | £10,824,687 |
| Price Per Unit | £373,265 |
| Sale Type | Investment |
| Net Initial Yield | 4.65% |
| Gross Rent Multiplier | 14.36 |
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.37 AC |
| Building Size | 27,448 SF |
| Number of Floors | 5 |
| Year Built | 2023 |
| Parking Ratio | 1.17/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Microwave
- Washer/Dryer
- Heating
- Kitchen
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- On-Site Retail
- Smoke Free
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 29 | - | 750 - 925 |
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5072-017-016 | Improvements Assessment | £3,276,220 |
| Land Assessment | £2,066,334 | Total Assessment | £5,342,553 |
PROPERTY TAXES
Parcel Number
5072-017-016
Land Assessment
£2,066,334
Improvements Assessment
£3,276,220
Total Assessment
£5,342,553
ZONING
| Zoning Code | LAC2 |
| LAC2 |
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3617 Venice Blvd
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