12756 Venice Boulevard, Los Angeles, CA 90066

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. 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.