Virtual Open House Tue, Oct 20th 11:00 AM - 02:00 PM
Address
21 S Venice Boulevard Venice, CA
Price
$ 3,195,000
Property Attributes
  • MLS#20627716
  • TypeIncome
  • CountyLOS ANGELES
  • CityVenice
  • AreaVenice
  • Zip90291
  • Style
  • Price$ 3,195,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size3,920 SqFt
Listing Provided Courtesy Of:
James Allan with Compass.
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. 4 units are Remodeled Furnished and 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 $177,600 yearly with a potential of $218,400 yearly at market rents. Property is under LA rent control. Cap rate 3.9 GRM 18 at current rents. Cap 5.2 and GRM 14.6 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.

Price History
9/4/2020 Listed $3,195,000

General Features

Appliances Dishwasher
Cooling None
Directions South of N. Venice Blvd. West of Pacific
Heating Wall Furnace
Listagentaor Malibu
Listing Agent James Allan - BRE#01180635
Listing Agent State License 01180635
MLS Area C11 - Venice
Parking Features Uncovered
Source System CRMLS
Special Listing Conditions Standard
Total Units 6
Zoning LAR3

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.0900
Lot Size Area 3961.0000
Lot Size Square Feet 3961.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90291

Price
AVG $3.25M
$3.2M
Visits
AVG 33
94
Year Built
AVG 1948
1964

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