21 S Venice

    Venice, CA 90291
    • $2,800,000
    • STATUS: Active Under Contract
    • ON SITE: 16 days
    • ID#: 19420312
    Under Contract
    $2,800,000
    • 0
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,567
      SQFT
    • $785
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    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. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 3.4 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.

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    Based on information from CARETS as of 2019-01-23T23:49:33.337. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
    www.sellbuyla.com/homes/90667237

    21 S Venice Venice, CA 90291

    • Price: $2,800,000
    • Status: Active Under Contract
    • ID#: 19420312
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,567
    SQFT
    $785
    $/SQFT
    1964
    Built
    Neighborhood:
    Venice (C11)
    County:
    Los Angeles
    Area:
    Venice (C11)
    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. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 3.4 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.
    Exterior Features

    Building Structure Style Other Lot Location Alley Access Parking Features Uncovered Parking Spaces Total 5 Roofing Composition View No View

    Interior Features

    Appliances None Cooling Type None Floor Material Hardwood Heating Type Wall Heater Interior Features 2 Staircases Laundry Locations None Rooms Living Room Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 1 Unit Number Of Bed03 1 Unit Number Of Bed04 0 Unit Number Of Bed05 1 Unit Number Of Bed06 1

    Property Features

    Adjusted Gross Income 148858.00 Assessed Improvement Value 76449.00 Assessed Land Value 107717.00 Cap Rate 3.40 Country United States Of America Cross Streets Pacific Expense Electric 3900.00 Expense Gardener 1500.00 Expense Insurance 1432.00 Expense Licenses 300.00 Expense Management 7200.00 Expense Tax 35000.00 Expense Total Annual 18000.00 Expense Trash 1080.00 Gross Operating Income 130858.00 Gross Rent Multiplier 18.80 Hoa YN N Legal Disclosures Take Property As IsRent ControlTrust/Conservatorship Lot Size Source Public Records Net Operating Income 95858.00 Number Of Buildings 1 Possession Tenantsrights Security Safety Gated Community Special Conditions Standard Sale Square Footage Source Public Records Tenant Pays ElectricityGas Unit Monthly Rent01 2054.85 Unit Monthly Rent03 0.00 Unit Monthly Rent04 1269.39 Unit Monthly Rent05 1580.63 Unit Projected Total Monthly Rent01 2500.00 Unit Projected Total Monthly Rent02 2500.00 Unit Projected Total Monthly Rent03 2500.00 Unit Projected Total Monthly Rent04 1800.00 Unit Projected Total Monthly Rent05 2500.00 Unit Projected Total Monthly Rent06 2500.00 Unit Total Monthly Rent01 2054.85 Unit Total Monthly Rent02 0.00 Unit Total Monthly Rent03 0.00 Unit Total Monthly Rent04 1269.39 Unit Total Monthly Rent05 1580.63 Unit Total Monthly Rent06 0.00 Unit Type01 1 Unit Type02 1 Unit Type03 1 Unit Type04 1 Unit Type05 1 Units Total In Complex 6 Zoning Lar3

    Listing provided courtesy of James Allan DRE#01180635 of Coldwell Banker Residential Brokerage.


    Based on information from CARETS as of 2019-01-23T23:49:33.337. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Licensed in the State of California, USA.
     
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