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    40 24th Place

    Venice, CA 90291
    • $2,500,000
    • STATUS: Active
    • ON SITE: 48 days
    • ID#: PW21171587
    UPDATED: 28 min ago
    $2,500,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1969
    County:
    Area:

    School Ratings & Info

    Description

    1969 construction with: one three-bedroom/two-bath with a fireplace and balcony, one two bedroom/two-bath unit with balcony and one-studio unit. All units feature in-unit laundry and are separately metered for electricity. All units have been updated with custom cabinetry tile/ hardwood floors. The property also offers six covered parking spots. LOCATION OVERVIEW A well-maintained 3-unit Apartment building 800 feet from the beach in Venice, California. This exclusive offering presents an excellent opportunity for an investor to acquire a legacy asset in a sought-after coastal market within walking distance of the beach, world-class dining, shopping, and entertainment, Silicon Beach tech employers such as the Google campus located nearby. The propertys proximity to a wide array of retail and services have earned it a noteworthy Walk Score88.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T20:34:01.337. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/120124297
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    40 24th Place Venice, CA 90291

    • Price: $2,500,000
    • Status: Active
    • Updated: 28 min ago
    • ID#: PW21171587
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1969
    Built
    Neighborhood:
    C11 - Venice
    County:
    Los Angeles
    Area:
    C11 - Venice
    Property Description
    1969 construction with: one three-bedroom/two-bath with a fireplace and balcony, one two bedroom/two-bath unit with balcony and one-studio unit. All units feature in-unit laundry and are separately metered for electricity. All units have been updated with custom cabinetry tile/ hardwood floors. The property also offers six covered parking spots. LOCATION OVERVIEW A well-maintained 3-unit Apartment building 800 feet from the beach in Venice, California. This exclusive offering presents an excellent opportunity for an investor to acquire a legacy asset in a sought-after coastal market within walking distance of the beach, world-class dining, shopping, and entertainment, Silicon Beach tech employers such as the Google campus located nearby. The propertys proximity to a wide array of retail and services have earned it a noteworthy Walk Score88.
    Exterior Features

    Carport Spaces 6 Carport YN Yes Lot Features 2-5 Units/AcreCorner Lot Number Of Separate Electric Meters 3 Parking Features CarportGarageTandem Parking Total 69 Pool Features None Pool Private YN No Property Attached YN Yes Waterfront Features Beach FrontCanal FrontOcean AccessOcean Front

    Interior Features

    Common Walls 1 Common Wall

    Property Features

    Additional Parcels YN No Common Interest Community Apartment Community Features BikingDog ParkParkStorm Drain(S)Street LightsSidewalksUrbanWater SportsFishingMarina Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 127260 Gross Scheduled Income 127260 Insurance Expense 1350 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Maintenance Expense 1950 Net Operating Income 81936 New Construction YN No New Taxes Expense 31250 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 38961 Other Expense 3200 Possession Close Of Escrow Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Water Sewer Expense 2941 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Justin White of Justin White


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-23T20:34:01.337. 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 deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373