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$ 6,900,000
Est. payment /mo
New
12756 Venice BLVD Los Angeles, CA 90066
23 Beds
27 Baths
18,264 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 18,264 sqft
Price per Sqft $377
MLS Listing ID 25584427
Bedrooms 23
HOA Y/N No
Year Built 1972
Lot Size 0.339 Acres
Property Description
INCREDIBLE 3.2% ASSUMABLE loan fixed until 2029! 12756 Venice Blvd is a 27-unit multifamily community in the heart of Mar Vista, in Prime West Los Angeles. This is a generational offering built by the original owner in 1972 as a long-term family hold and now available for the first time in over 50 years! Designed with durability and stability in mind, the property features a central courtyard layout, abundant parking with a total of 38 spaces, and strong systems that have supported consistent operations across decades of ownership. Investors will benefit from a rare $3.7M Chase loan at 3.21% fixed rate through March 2029, an exceptional financing advantage in today's high-rate market. The loan payments are interest only until March 2027 and then go to principal and interest payments for the remaining fixed rate period. Ownership has completed seismic retrofit compliance, upgraded all individual electrical sub panels, and renovated 8 of the 27 units within the last two years. These renovated units feature modern flooring, stainless steel appliances, upgraded kitchens and baths, and contemporary finishes that command premium rents: currently achieving $1,925 for studios and ~$2,500 for one-bedrooms, with market support up to ~$2,950 for two-bedrooms. Overall, the property offers ~30% remaining rental upside as additional units are modernized. Positioned directly on the Venice Blvd corridor, the property offers tenants a walkable, community-oriented lifestyle with eclectic retail and dining. Just two miles from Venice Beach and minutes from major job centers in Santa Monica, Culver City, Playa Vista, and Silicon Beach, the property combines lifestyle appeal with premier employment access. Michelin-starred dining in Santa Monica, the Expo/Bundy Metro, and proximity to the 405 and 10 Freeways further enhance demand.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Controlled Entrance, Covered, Gated, Side By Side
Garage Spaces 30.0
Carport Spaces 8
Garage Description 30.0
Total Parking Spaces 38
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236016031
Financing Assumed
Special Listing Condition Standard
Listed by Don Favia Realty Investment Advisors, Inc.