2220 Brenta PL Venice, CA 90291
Active
$2,800,000
10%
8 Units
8 Beds
8 Baths
4,904 Area(sq.ft.)
5,344 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,159 | $ 2,159 | $ 2,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,337 | $ 1,337 | $ 2,500 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,050 | $ 2,050 | $ 2,500 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,224 | $ 1,224 | $ 2,500 |
| Unit 5 | 1 | 1 | 1 | No | $ 1,895 | $ 1,895 | $ 2,500 |
| Unit 6 | 1 | 1 | 1 | No | $ 1,781 | $ 1,781 | $ 2,500 |
| Unit 7 | 1 | 1 | 1 | No | $ 1,924 | $ 1,924 | $ 2,500 |
| Unit 8 | 1 | 1 | 1 | No | $ 1,976 | $ 1,976 | $ 2,500 |
| 8 | 8 | 8 | 8 | $ 14,346 | $ 14,346 | $ 20,000 |
| MLS #: | SB24135676MR |
| Days On Market: | 197 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 571 |
| Price per unit: | $ 350,000 |
| Year Built: | 1953 |
Property Details
2220 Brenta Place in Venice, CA, is a charming 1950s apartment complex situated on a quiet side street off Venice Boulevard. The property features eight units, all of which are 1-bedroom/1-bath. Four of the units are rented close to market rates, while the other four offer significant upside potential. Tenants are responsible for their own gas and electric utilities. Additionally, the property is adjacent to a 15-unit building also for sale by the same owner, located at 923-933 Venice Blvd. The zoning is R3 TOC Tier 3, allowing for a maximum of up to 12 units.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 169,340 |
| Total Annual Expense: | $ 69,309 |
| Net Operating Income: | $ 100,031 |
| Cap Rate: | 3.57% |
| Gross Rent Multiplier: | 16.20 |
| Actual Gross Rent: | $ 14,400 |
Structure
| Community Features: | Curbs, Gutters, Sidewalks |
| Sewer: | Public Sewer |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | LAR3 |
| Land Lease Type: | Fee |
| Parking Garage: | None |
Interior
| Fireplace Rooms: | None |
| Laundry: | None |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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