$3,460,000
$3,595,000
3.8%For more information regarding the value of a property, please contact us for a free consultation.
3,567 SqFt
SOLD DATE : 01/06/2022
Key Details
Sold Price $3,460,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,567 sqft
Price per Sqft $970
MLS Listing ID 21776210
Sold Date 01/06/22
HOA Y/N No
Year Built 1964
Lot Size 3,959 Sqft
Acres 0.0909
Property Description
Trophy Silicon Beach 6 unit building 100 yards from the famed Venice Beach. Consists of 5 x 1 Bd 1ba units and 1 studio. All units are remodeled and delivered fully furnished. All units are being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control. Cap rate 4.2 GRM 17 at current rents. Cap 4.6 and GRM 16 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LAR3
Interior
Heating WallFurnace
Cooling None
Fireplace No
Appliance Dishwasher
Exterior
Garage Uncovered
Parking Type Uncovered
Total Parking Spaces 5
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 4226014010
Special Listing Condition Standard
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Bought with James Allan • Compass
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