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$ 6,900,000
Est. payment /mo
Pending
12756 Venice Boulevard Los Angeles, CA 90066
18,264 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 18,264 sqft
Price per Sqft $377
MLS Listing ID CL25584427
HOA Y/N No
Year Built 1972
Lot Size 0.339 Acres
Acres 0.34
Property Sub-Type Other
Property Description
Accepting Backup Offers! 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. Overal
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Building
New Construction No
Others
Tax ID 4236016031
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Don Favia • Realty Investment Advisors, Inc.
