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The Price has been discounted to $17.13M ($4,250,000 below independent bank appraised value). $590/ sq. ft., which is below replacement cost
12 New Small Lot Luxury Home Community - a Great Multifamily Hybrid Opportunity - Verona Court in the heart of Mar Vista, CA
12610 Venice Blvd., Los Angeles, CA 90066, USA Los Angeles,
CA 90066
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29044 SQFT Asking: $17,130,000 |
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| Located close to high paying jobs from Amazon, Apple, Alphabet/Google, Meta, YouTube, SpaceX, Hulu, Snap, Entertainment Arts, and others Walk Score of 88 out of 100 (Starbucks, Trader Joe s, & Whole Foods nearby) Each home with 4 bedrooms/4.5 bathrooms, 2,418-2,432 sq. ft. Total living space is 29,044 sq. ft., plus individual two-car garages, balconies, and private cameras/alarms, fiber optic Wi-Fi, and rooftop decks with mountain and city views 100% Bonus/Accelerated depreciation eligible equates to over $1,000,000 with tax savings of $250,000-$500,000 depending on the owner s marginal tax brackets) per McGuire Sponsel. Buyer to verify with their CPA. First year forecasted cap rate of 5.45% (effectively 6.91% with bonus depreciation) New Construction Warranty of 10 years for structural items Best Exit Strategy Options into a 1031 exchange and/or DST with NO ULA aka Mansion Tax, saving over $1M having 12 APN s/addresses choosing to sell any number of homes 1-12 OM is available upon request | ||
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