239 3RD Avenue

    Venice, CA 90291
    • $2,495,000
    • STATUS: Active Under Contract
    • ON SITE: 535 days
    • ID#: 17224996
    Under Contract
    UPDATED: 60 min ago
    $2,495,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,398
      SQFT
    • $734
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Ratings & Info

    Description

    Fantastic fourplex for sale in prime Venice Silicon Beach location 1/2 block from Rose Ave. Two units are currently vacant and can be delivered vacant or with new tenants in place, per buyer's preference. Located just blocks from world-class eateries, shopping, Whole Foods market, Main Street, Venice Boardwalk and the beach. Four detached single-car garages. Additional income potential from two 1-car garages which are to be delivered vacant. Rents are well below market, so there is tremendous upside and options for value-add and/or re-development opportunities.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-15T15:30:47.89. 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. Licensed in the State of California, USA.
    www.playavistaliving.com/homes/72046917

    239 3RD Avenue Venice, CA 90291

    • Price: $2,495,000
    • Status: Active Under Contract
    • Updated: 60 min ago
    • ID#: 17224996
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,398
    SQFT
    $734
    $/SQFT
    1953
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Fantastic fourplex for sale in prime Venice Silicon Beach location 1/2 block from Rose Ave. Two units are currently vacant and can be delivered vacant or with new tenants in place, per buyer's preference. Located just blocks from world-class eateries, shopping, Whole Foods market, Main Street, Venice Boardwalk and the beach. Four detached single-car garages. Additional income potential from two 1-car garages which are to be delivered vacant. Rents are well below market, so there is tremendous upside and options for value-add and/or re-development opportunities.
    Exterior Features

    Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Appliances Garbage DisposalDishwasher Appliances YN Yes Cooling None Cooling YN No Laundry Features See Remarks

    Property Features

    Association Amenities Other Association YN Yes Cap Rate 3.42 Gardener Expense 100.00 Gross Multiplier 17.32 Gross Operating Income 144000.00 Improvements Amount 54648 Land Value 38909 Laundry YN Yes Net Operating Income 85450.00 Special Listing Conditions Standard Total Expenses 54229.00 Zoning Lard1.5

    Listing provided courtesy of Joshua L Barre of Westside Property Management I.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-15T15:30:47.89. 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. Licensed in the State of California, USA.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094