21 S VENICE, Venice, CA 90291

$2,750,000
3,567
SqFt
Sold Price
$2,750,000
List Price
$2,800,000
Closing Date
Mar 06, 2019
Status
CLOSED
MLS#
19420312
Year Built
1964
Living Sq. Ft
3,567
Lot Size
3,960
Acres
0.0909
Days on Market
15
Property Type
Multifamily
Style
See Remarks
Days on Market
15

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. 3 units delivered vacant with one remodeled premium upstairs unit. Walking distance to Venice canals and vibrant Abbot Kinney shops and famous Venice surfing beach. 5 parking spaces and secured building with private courtyard area. Current gross income of $126,000 yearly with a potential of $172,000 yearly at market rents. Property is under LA rent control. Cap rate 3.4 GRM 22 at current rents. Cap 4.23 and GRM 16.3 at Market rents. Trust sale. Drive by only and inside w/accepted offer.

Additional Information

Lot Description
Gated Community
Appliances
None
Cooling Description
None
View
None
Roof
Composition
Total Number of Units
6

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of James Allan from Coldwell Banker Residential Br

Listing sold by James Allan from Coldwell Banker Residential Br

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.