544-546 Grand Blvd, Venice CA. A duplex built in 1947 is in original condition consisting of approximately 1, 473 sq. Ft. In whole, total with two units, each 1 bedroom and 2 bathroom. The property is subject to the Los Angeles Rent Stabilization Ordinance (RSO) and JCO. Unit 546 is occupied by long-term tenants over 62 years of age who have resided at the property for over 10 years and currently pay $1, 713.92 per month. Unit 544 is tenant-occupied at $3, 034.90 per month. The property was previously the subject of an Ellis Act withdrawal application that was declined, and tenants in Unit 546 recently prevailed as defendants in an unlawful detainer action. New owner will take title subject to all existing tenancies, rent control restrictions, and tenant protections, which may limit future use, redevelopment, or withdrawal from the rental market. Buyer to independently investigate all state and local laws, tenant rights, zoning, and regulatory limitations, and consult legal counsel prior to purchase. Property is sold as-is, where-is, with no representations as to future use or vacancy.
