Homes for sale - 12756 Venice BLVD, Los Angeles, CA 90066

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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$6,900,000

Est. payment - /mo

23 Beds

27 Baths

18,264 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 18,264 sqft

Price per Sqft $377

MLS Listing ID 25584427

Bedrooms 23

HOA Y/N No

Year Built 1972

Lot Size 0.339 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Controlled Entrance, Covered, Gated, Side By Side

Garage Spaces 30.0

Carport Spaces 8

Garage Description 30.0

Total Parking Spaces 38

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4236016031

Financing Assumed

Special Listing Condition Standard

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Listed by Don Favia Realty Investment Advisors, Inc.

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

12756 Venice BLVD Los Angeles, CA 90066