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123 Park Place

Venice, CA 90291
  • $1,950,000
  • STATUS: Active Under Contract
  • ON SITE: 408 Days
  • ID#: 23267293
Under Contract
UPDATED: 61 min ago
$1,950,000
  • 2
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,008
    SQFT
  • $971
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1965
County:
Area:

School Ratings & Info

Listing Agent(s): Michelle Nissani of Douglas Elliman (310-595-3888)


Description

Welcome to the walk Streets of Venice, one block from the Beach at the end of Abbot Kinney/Brooks and just south of Main street.The location is outstanding. Enter through the white picket fence into a shared sun trap of a garden, to be enjoyed by all. This is a four unit building, fully occupied. On the ground floor is unit 1, a 1 bedroom, 1 bathroom unit, and on the 2nd floor are three units, 2 studios and another 1 bedroom, 1 bathroom unit. The units on the upper floor have all been updated. The one bedroom unit upstairs has an exposed wood ceiling, stainless steel appliances, wood floors, cool light fixtures, wood blinds, a little desk area and a light and airy bathroom. There is also a communal laundry, and a carport that fits 6 cars tandem. There are 4 storage bins for the tenants use. Good steady income, low expenses. Expenses include projected property taxes for new owner. An all round great investment. Will need 72 hours notice to show Monday - Saturday.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T17:30:27.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/139242634
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123 Park Place Venice, CA 90291

  • Price: $1,950,000
  • Status: Active Under Contract
  • On Site: 408 Days
  • Updated: 61 min ago
  • ID#: 23267293
2
Beds
0
Baths
0
½ Baths
0.05
Acres
2,008
SQFT
$971
$/SQFT
1965
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
Welcome to the walk Streets of Venice, one block from the Beach at the end of Abbot Kinney/Brooks and just south of Main street.The location is outstanding. Enter through the white picket fence into a shared sun trap of a garden, to be enjoyed by all. This is a four unit building, fully occupied. On the ground floor is unit 1, a 1 bedroom, 1 bathroom unit, and on the 2nd floor are three units, 2 studios and another 1 bedroom, 1 bathroom unit. The units on the upper floor have all been updated. The one bedroom unit upstairs has an exposed wood ceiling, stainless steel appliances, wood floors, cool light fixtures, wood blinds, a little desk area and a light and airy bathroom. There is also a communal laundry, and a carport that fits 6 cars tandem. There are 4 storage bins for the tenants use. Good steady income, low expenses. Expenses include projected property taxes for new owner. An all round great investment. Will need 72 hours notice to show Monday - Saturday.
Exterior Features

Carport YN Yes Open Parking Spaces 3 Parking Features Carport Parking Total 6

Interior Features

Appliances DishwasherRefrigerator Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes Interior Features Ceiling Fan(s)

Property Features

Association YN No Buyer Financing Cash Cap Rate 3.09 Electric Expense 1279 Gross Income 86220 Laundry Features Common Area Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 60419.4 New Construction YN No New Taxes Expense 23200 Other Expense 552 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Water Sewer Expense 770 Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T17:30:27.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Michelle Nissani of Douglas Elliman (310-595-3888)