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Property Type:Residential Income (Multi-Family)
Lot Size:0.12 Acres
Triplex investment opportunity located within walking distance of Abbot Kinney Blvd and heart of Venice Beach. Delivered with one unit vacant, a value-add opportunity with large upside in current rents. Land is zoned LAR3, and may provide an opportunity for an investor/developer to add more density now or in the future. Motivated seller. Property sold in as-is condition.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:602 Venezia Avenue Venice, CA 90291
Total Units: 3
Unit 1: 1 Bed•1 Bath•Unfurnished•$2,000 actual rent•$2,000 total rent
Unit 6: 1 Bath•Unfurnished•$2,100 actual rent•$2,100 total rent
Unit 7: 1 Bed•1 Bath•Unfurnished•$1,700 actual rent•$1,700 total rent
Parking: Detached Carport
Garage Spaces: 2
Features / Amenities
Parking Total: 2
Cooling Type: Wall/Window Unit(s)
Lot Size: 0.12 Acres / 5312 Sq. Ft.
Directions:Located on South-West corner of Venezia Avenue & Zeno Place, in Venice, CA
Tax and Financial Info
Gross Annual Income: 67512.00
Gross Operating Income: 69600.00
WALKING AND TRANSPORTATION
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Listing provided courtesy of Alexander Frapech, Cb Richard Ellis, Inc..
Based on information from California Regional Multiple Listing Service, Inc. as of April 7, 2020. 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. IDX provided by Sierra Interactive.