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    21 S Venice Blvd

    Venice, CA 90291
    • $3,595,000
    • STATUS: Active
    • ON SITE: 25 days
    • MLS #: 21-776210
    UPDATED: 97 min ago
    $3,595,000
    • 5
      BEDS
    • 0.09
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,567
      SQFT
    • $1,008
      $/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. All units are Remodeled Furnished and being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control. Cap rate 4.2 GRM 17 at current rents. Cap 4.6 and GRM 16 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T23:42:31.15. 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/120894956
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    21 S Venice Blvd Venice, CA 90291

    • Price: $3,595,000
    • Status: Active
    • Updated: 97 min ago
    • MLS #: 21-776210
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.09
    Acres
    3,567
    SQFT
    $1,008
    $/SQFT
    1964
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    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. All units are Remodeled Furnished and being rented for 30 day or more rentals and can be delivered vacant by close. Located by famed Venice Boardwalk and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $208,800 yearly. Property is under LA rent control. Cap rate 4.2 GRM 17 at current rents. Cap 4.6 and GRM 16 at Market rents. Great upside potential. Drive by only and inside w/accepted offer.
    Exterior Features

    Lot Size Area 3961 Other Structures None Parking Garage Uncovered Total Parking 5

    Interior Features

    Baths Total 6.00 Cooling None Equipment Dishwasher Heating Wall

    Property Features

    Assessed Total Value 184166 Gross Income 208800 Gross Operating Income 208800 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 150663.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 58137 Type Of Units 6 Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of James Allan DRE#01180635 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-21T23:42:31.15. 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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