667 Brooks Avenue

    Venice, CA 90291
    • $2,399,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 18356244
    Open House
    UPDATED: 154 min ago
    $2,399,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,557
      SQFT
    • $674
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1926
    County:
    Area:

    School Ratings & Info

    Open House: 7/22 1:00 PM to 4:00 PM

    Description

    Experience income and beach community living in your own Abbot Kinney adjacent multi-unit rental compound. This gated triplex consists of a 1926 traditional Spanish 2 bd/1 bth home in the front and two side by side 2 bed/1.5 bath tri- level contemporary townhomes in the rear, built in 1990. Townhomes are light and bright units with high ceilings, specious multi-level layout, wood floors throughout, and both units with a patio/deck. The 2 townhomes are Non-Rent Controlled units and are currently vacant and will remain vacant during the sale and will be ready to receive market rents! Front house is currently occupied by a tenant, monthly rent is 2,250 a month. Property has a total of 6 parking spaces, accessible via alley. Property is in the heart of Venice with a walkable score of 86 and a bike score of 82! Walk/ Bike/ Bird to Whole Foods, Ralph's, CVS, Golds Gym, and easy and quick access to all the Abbot Kinney shops and restaurants. An amazing multifaceted investment property!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84764817

    667 Brooks Avenue Venice, CA 90291

    • Price: $2,399,000
    • Status: Active
    • Updated: 154 min ago
    • ID#: 18356244
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,557
    SQFT
    $674
    $/SQFT
    1926
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    Experience income and beach community living in your own Abbot Kinney adjacent multi-unit rental compound. This gated triplex consists of a 1926 traditional Spanish 2 bd/1 bth home in the front and two side by side 2 bed/1.5 bath tri- level contemporary townhomes in the rear, built in 1990. Townhomes are light and bright units with high ceilings, specious multi-level layout, wood floors throughout, and both units with a patio/deck. The 2 townhomes are Non-Rent Controlled units and are currently vacant and will remain vacant during the sale and will be ready to receive market rents! Front house is currently occupied by a tenant, monthly rent is 2,250 a month. Property has a total of 6 parking spaces, accessible via alley. Property is in the heart of Venice with a walkable score of 86 and a bike score of 82! Walk/ Bike/ Bird to Whole Foods, Ralph's, CVS, Golds Gym, and easy and quick access to all the Abbot Kinney shops and restaurants. An amazing multifaceted investment property!
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features GatedDriveway - ConcreteSide By SideCarport AttachedCovered Parking Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Cooling None Cooling YN No Laundry Features None

    Property Features

    Cap Rate 4.24 Gross Multiplier 16.32 Gross Operating Income 147000.00 Improvements Amount 50089 Land Lease YN No Land Value 229015 Laundry YN No Net Operating Income 95550.00 Special Listing Conditions Standard Total Expenses 44100.00 Zoning Lard1.5

    Listing provided courtesy of Vanessa Spiva of Keller Williams Hollywood Hill and Mark Gallandt of Keller Williams Hollywood Hill.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-22T00:29:46.233. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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