Property listed by Michael Anthony Salerno, Michael A Salerno 310-200-1309
$2,350,000
Charming 6 - unit investment property in the heart of Venice on a "Walk-Street", just steps to the sand. The property features 4 -Singles, 2 of them have a sun porch, 1 - 1bd+1ba and 1 - 2bd+1ba units. Long term owner (over 40 years) with below market… Read More rents. The building has copper plumbing. Two of the units (units 2 & 4) have been completely remodeled. Two other units (units 3 & 5) have been partially remodeled including hardwood floors. Master metered for electricity. Individually metered for gas. However, the seller pays the gas for the tenants. The are 4 parking spots. The owner collects $450/mo for parking from 3 of the tenants. The building was earthquake retrofitted in 1994. You can't beat the location, close to the Venice Boardwalk, Santa Monica Pier and Muscle Beach. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
3
Square Ft.
2,765
Lot Size
0.06 Acres
Year Built
1904
MLS Number
25617141
Additional Details
Building
Built in 1904, Living area: 2765.0, 1 building, Levels: One
Income
Gross Income: $167,118, Net Operating Income: $112,714
Lot
0.0608 acres
Parking
4 open parking spaces, 4 total parking spaces, Uncovered
Taxes
Parcel Number: 4226011013, Zoning: LAR3
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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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