Property Description

Investor’s Dream!!! Samimi Investments and Lyon Stahl officially announce this incredible opportunity to own two side-by-side courtyard 7 unit buildings located at 11465 and 11473 Venice Blvd in Mar Vista. You will not find a better price per door or a better unit mix in the most coveted market in Los Angeles. The property has an astounding 60% rental upside. Whether you are long-term or a value-add investor, The Venice Properties are the perfect assets to help achieve your investment goals. The Venice Properties feature 14 units and a large footprint of 12,090 rentable square feet. Each building is identical to the other with a combined unit mix of (10) 2-Bed/1-Bath, and (4) 1-Bed/1- Bath Units. Just steps from Downtown Culver City, this investment is in one of the most sought-after neighborhoods on the Westside. Price at $4,300,000 the property offers a very low $307k per unit and $355 Sqft. In February of 2024, the property is eligible for a 7% rent increase and will have this asset operating at a 13.75 GRM and 4.25% CAP Rate! This well maintained asset comes with a brand new roof across both structures and the soft story retrofit completed, minimizing any CapEx for the new buyer. The Venice Properties are sandwiched between new tech companies such as Google, Meta, Snapchat, Hulu, Sony, HBO and Apple