1520 Andalusia Ave Venice, CA 90291
Active
$3,000,000
8 Units
2 Beds
8 Baths
3,336 Area(sq.ft.)
5,100 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 1,820 | $ 1,820 | $ 2,200 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,178 | $ 1,178 | $ 3,000 |
| Unit 3 | 1 | studio | 1 | No | $ 2,080 | $ 2,080 | $ 2,200 |
| Unit 4 | 1 | studio | 1 | No | $ 1,810 | $ 1,810 | $ 2,200 |
| Unit 5 | 1 | studio | 1 | No | $ 2,200 | $ 2,200 | $ 2,200 |
| Unit 6 | 1 | studio | 1 | No | $ 2,200 | n/a | $ 2,200 |
| Unit 7 | 1 | 1 | 1 | No | $ 2,750 | $ 2,750 | $ 3,000 |
| Unit 8 | 1 | studio | 1 | No | $ 1,861 | $ 1,861 | $ 2,200 |
| 8 | 8 | 2 | 8 | $ 15,899 | $ 13,699 | $ 19,200 |
| MLS #: | 24-448473 |
| Days On Market: | 8 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 899 |
| Price per unit: | $ 375,000 |
| Year Built: | 1921 |
Property Details
Located just one block south of Abbot Kinney Blvd in Venice's favorite neighborhood! Close to Venice Beach and steps to popular Abbot Kinney shops, restaurants, and galleries. Charming central courtyard configuration with 6 studio and 2 one bedroom apartments. One studio apartment is currently vacant and projected at $2,200/ month (see rent roll) . Expenses are approximate (35%) including new property tax. No parking on premises. Please see Offering Memorandum under docs.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 190,788 |
| Total Annual Expense: | $ 66,776 |
| Net Operating Income: | $ 124,012 |
| Gross Annual Income: | $ 190,788 |
| Cap Rate: | 4.1% |
| Gross Rent Multiplier: | 15.70 |
| Actual Gross Rent: | $ 190,788 |
Structure
| Type of Units: | units |
| Buildings: | 1 |
| Levels: | One |
| Style: | Bungalow |
| View Description: | Green Belt |
Land & Parking
| Zoning: | LARD 1.5 |
| Parking Garage: | None |
Interior
| AC/Cooling: | None |
| Equipment: | Refrigerator, Range/Oven |
| Heating: | Wall |
| Fireplace Rooms: | Bath, Kitchen |
| Laundry: | Community |
Exterior
Detailed Map
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