Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-425-9838
$1,750,000
PORTFOLIO SALE: 11 19TH AVE (3 UNITS), 20 19th AVE (4 UNITS) & 11 20th AVE (3 UNITS) PROPERTIES CAN BE SOLD TOGETHER OR SEPARATELY.... 20 19th Ave, a charming 4-plex investment opportunity right in the heart of Venice on a Walk-Street, just steps away from the beach. This 2,328… Read More square foot property features four bright 1-bedroom / 1-bathroom units with two units on each floor.Current ownership has held the property for almost 40 years and has made significant capital investments into the asset. Three of the four units have been tastefully renovated with wood flooring, recessed lighting in two, and upgraded kitchens & bathrooms. Almost the entire property is redwood construction (except the deck which has supports and steps that were replaced with redwood). The roof is approximately 7 years old and utilizes fireproof composite material. Electrical wiring and plumbing have also been replaced (now copper). Working gas lines were installed in the four wood-burning fireplaces. Lastly, one of the upstairs units was upgraded with A/C.All of the units come with ample outdoor space, with the upstairs units sharing a large sundeck, and the downstairs units sharing a private & fenced front yard along 19th Ave with beautiful landscaping. Additionally, there are four uncovered parking spaces in the back of the lot, one stall for each unit. There is also a community laundry room on the property, which provides additional monthly income. The building's location is unbeatable, just a few parcels over from the Venice Boardwalk and Muscle Beach. Read Less
Listing Snapshot
Days Online
91
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,328
Lot Size
0.06 Acres
Year Built
1908
MLS Number
25539009
30 Days Snapshot Of 90291
$2.47M
-6%
(avg) sold price
16
-27%
homes sold
86
+30%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1908, Building area total: 2,328, Levels: Two, Living area: 2328, 2 stories, 1 building
Cooling
None
Heating
None
Income
Gross income: $116,472, Net operating income: $81,490
Laundry
CommonArea
Lot
0.0606 acres, 2,640 square feet, Size: 2,640
Parking
4 open parking spaces, 4 totals parking, Uncovered
Property
Zoning: LAR3, Deck
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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