3617 Venice Blvd - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$13,750,000 USD
310-909-5454
3617 Venice Blvd, Los Angeles, CA for Sale
$13,750,000 USD
Apartments - FOR SALE
1/28
null | 4.65% Cap Rate

3617 Venice Blvd
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Newly Constructed Building with 28 Residential Units and One Commercial Space Features Premium Finishes and up-to-date Amenities, Attracting High-Qual
  • Positioned on Venice Blvd, Offering Unbeatable Visibility and Quick Access to Culver City, Koreatown, and Downtown LA.
  • Separately Metered for all Utilities.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,750,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

29

PRICE/UNIT

$474,138

CAP RATE

4.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2023

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

LAC2

APN/PARCEL ID

5072-017-016

ASK ABOUT THIS PROPERTY

Tony AzziMarcus & MillichapMore Info
310-909-5454

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Tony AzziMarcus & MillichapMore Info
310-909-5454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.