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1025 Pleasantview Ave

Venice, CA 90291
  • $3,150,000
  • STATUS: Closed
  • ON SITE: 48 Days
  • MLS #: 22-141405
Sold - 05/16/2022
$3,150,000
SOLD - 05/16/2022
  • 8
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,801
    SQFT
  • $1,125
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1977
County:
Area:

School Ratings & Info

Description

4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing!

Sold by Trevor Levin BRE#01897085 of Nourmand & Associates-Bw.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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.
www.searchdesertrealestate.com/homes/127207920
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1025 Pleasantview Ave Venice, CA 90291

  • Price: $3,100,000
  • Status: Closed
  • On Site: 48 Days
  • Updated: 29 min ago
  • MLS #: 22-141405
8
Beds
0
Baths
0
½ Baths
0.1
Acres
2,801
SQFT
$1,125
$/SQFT
1977
Built
Neighborhood:
Venice
County:
Los Angeles
Area:
Venice
Property Description
4.53% Cap Rate & 15.7 GRM! Ability to add an ADU! Fully renovated turnkey triplex West of Lincoln in the heart of Venice. Upgraded Plumbing, Electrical, Roof. The property sits a mile from the Venice Canals, Venice Beach Boardwalk, and is walking distance to the shops (Whole Foods & Erewhon) and restaurants on Abbot Kinney, Rose, and Lincoln Blvd. This two-story building contains one large bottom floor unit, which is 3-Beds/3-Bath and two units on the second floor: one 3-Bed/2-Bath and one 2-Bed/2-Bath. The property was originally built in 1977, and completely renovated in 2021 with high-end finishes for the most discerning residents. The property features a spacious front yard and a large lot in the back that has 5 surface parking spaces. This investment is offered at a 15.7 GRM and 4.53% Cap Rate with the ability to achieve a 5.06% Cap Rate by converting the garage into a Studio ADU (Plans have been submitted). Contact us today for a showing!
Exterior Features

Lot Size Area 4180 Other Structures Other Parking Garage Other Total Parking 5

Interior Features

Baths Total 7.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1800000 Gross Income 197100 Gross Operating Income 197100 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 0 Net Operating Income 140316.00 Number Of Buildings 1 Number Of Units 3 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 56784 Type Of Units Apartments Year Built Source Other Zoning Lard1.5

Listing provided courtesy of Elijah Korobkin DRE#01897085 of Central Realty Advisors Inc.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-18T21:42:57.743. 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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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210