Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-425-9838
$1,699,000
3 out of 4 Units will be delivered VACANT! Charming 4-Unit Investment Opportunity in Prime Venice Location
Built in 1949, this well-maintained 4-unit apartment building sits on a 4,364 sq ft lot and offers a total of 1,870 sq ft of living space. Each unit is a 1-bedroom, 1-bath, ideally situated… Read More on a quiet, tree-lined street in one of Venice’s most sought-after residential neighborhoods.
Presenting immediate upside for investors or owner-users will operate at 5.22% CAP & 13.31 GRM. Recent upgrades include a new roof, approximately 90% updated plumbing, and a shared laundry room. The property also boasts two private backyards, two single-car garages with ADU potential, and three additional off-street parking spaces—a rare convenience in Venice.
Located just down the street from Penmar Golf Course and moments from popular cafes, restaurants, fitness studios, and top-rated schools. This high-demand location supports strong, consistent rental income and long-term appreciation potential. Read Less
Listing Snapshot
Days Online
6
Last Updated
Property Type
Quadruplex
Lot Size
0.1 Acres
Year Built
1949
MLS Number
SB25239794
Additional Details
Building
1 building, Built in 1949, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Curbs, Gutters, Sidewalks, Park
Cooling
SeeRemarks
Expenses
Insurance: $2,338, Operating: $32,575
Fireplaces
None
Garage
2 spaces
Home Owner's Association
Association Fee: $0
Income
Gross Income: $121,228, Gross ScheduledIncome: $127,608, Net Operating Income: $88,653
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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