$5,850,000
$5,000,000
17.0%For more information regarding the value of a property, please contact us for a free consultation.
3,484 Sqft Lot
SOLD DATE : 11/18/2019
Key Details
Sold Price $5,850,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 19507968
Sold Date 11/18/19
Construction Status Fixer
HOA Y/N No
Year Built 1913
Lot Size 3,484 Sqft
Acres 0.08
Property Description
A once in a lifetime opportunity to own a part of Venice history. Built 1913 and renovated in 2019, This 18-unit apartment building is right off the ocean. On the corner of Speedway and Thornton, many of the units have beautiful ocean views. This building comes with the charm you will only find in a few buildings left in Venice of this age. 7 units will be delivered vacant. The above rents only reflect tenant-occupied units. Huge upside in rents!
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Cooling None
Fireplace No
Laundry None
Exterior
Roof Type Composition
Building
Story 4
Construction Status Fixer
Others
Tax ID 4286024001
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Bought with Earle Hyman • Marcus & Millichap
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "