Description
This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. The house is being sold along with the adjoining lot located at 10875 Venice Boulevard. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for 3759 Midvale ave. is $2,545, the 4 apartments are projected at $6,590 total per month, the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.
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2BEDS
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0.05ACRES
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2BATHS
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01/2 BATHS
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936SQFT
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$3,178$/SQFT
School Ratings & Info
Description
This is a wonderful opportunity for an investor to purchase a unique property with strong rental income located in a prime West Los Angeles Location. The house is being sold along with the adjoining lot located at 10875 Venice Boulevard. 10875 Venice Blvd. consists of two commercial spaces, 4 apartments and a cell tower on one lot. The total asking price is $2,975,000. One of the commercial spaces is occupied by a furniture store rented at $3,853 per month and the other space is rented by a t-shirt company at $4,075 per month. The monthly rental income for 3759 Midvale ave. is $2,545, the 4 apartments are projected at $6,590 total per month, the cell tower monthly rent is $1,550. The estimated square footage of each structure is as follows: the commercial space with the furniture store & 4 apartments total 4,964 Sq. Ft, the t-shirt company is in a separate structure that is estimated at 1,890 Sq. Ft., and the single family home is 936 Sq. Ft.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2023-02-06T14:43:10.187. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.