$1,850,000
1475 Venice Blvd, Los Angeles CA 90006
Multi-Family (10 Units)
Property type
30 days
On market
$273
Price per sqft
0 cars
Garage
1954
Year built
8,408 sqft
Lot size
Open Houses
Overview
The Venice Apartments is a 10-unit multifamily building constructed in 1954, offering well-proportioned one-bedroom, one-bathroom apartments that appeal to a broad tenant base. The property is situated on an approximately 8,426sqft parcel and provides stable in-place income with additional potential for future growth. Each unit is individually metered for gas and...
Listing provided by: Hyeyeon Lee DRE #02225694, Dream ERE
Listing updated: May 6, 2026 at 01:28pm.
Last checked: Jun 4, 2026 at 12:30pm
Source: CRMLS #PW26098354
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 10 | 10 | 10 | — | $1,621 | $162,177 | $182,908 | Unfurnished |
# of Buildings: 1
# of Units Total: 10
Separate Electric Meters: 10
Separate Gas Meters: 10
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 10
Financial Snapshot
Gross Rent Multiplier
11.4x
List Price / Annual Gross Rent
Cap Rate
5.42%
NOI / List Price
Gross Scheduled Income: $162,577
Operating Expense: $65,678
Net Operating Income: $100,331
Annual Operating Expenses
Electric: $1,038
Fuel: $2,163
Insurance: $9,650
Maintenance: $7,633
Professional Management: $6,000
Trash: $5,455
Water / Sewer: $12,011
Other Expense: $2,163
Interior
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: One Common Wall
Lot Features: Six To Ten Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: One Space
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5056007022
Additional Parcels: No
Tax Lot: 2021
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1475 Venice Blvd, Los Angeles, CA 90006. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,480,000
Total Interest
$1,887,658
Total Payment
$3,367,658
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,432
per month
Property History for 1475 Venice Blvd
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90006.
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