2318 Beach Ave Venice, CA 90291
Active
$3,195,000
3 Units
5 Beds
3 Baths
2,519 Area(sq.ft.)
4,428 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 4,995 | n/a | $ 5,450 |
| Unit 2 | 1 | 2 | 1 | No | $ 3,900 | $ 3,900 | $ 4,200 |
| Unit 3 | 1 | 1 | 1 | No | $ 3,950 | $ 3,950 | $ 4,795 |
| 3 | 3 | 5 | 3 | $ 12,845 | $ 7,850 | $ 14,445 |
| MLS #: | 24-450687 |
| Days On Market: | 29 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,268 |
| Price per unit: | $ 1,065,000 |
| Year Built: | 1936 |
Property Details
Exquisite triplex nestled on a prime corner lot in Venice's highly sought-after Silver Triangle neighborhood. This impeccably maintained property offers the charm and feel of single-family living with three unique individual homes, each with its own address and each providing tremendous privacy. Perfect for owner-occupants or investors seeking income opportunities in one of LA's most vibrant and desirable areas. 2,519 SF of total interior living space and tremendous lush outdoor areas, this property has been thoughtfully updated including new windows, wood like flooring, modern lighting and recent exterior painting. Additional features include WIFI thermostats, and built-ins throughout enhance comfort and convenience. The townhouse-style unit, 2318 Beach Ave, features an open-concept layout with a modern kitchen flowing into the dining, living area and outdoor oasis ideal for entertaining. Upstairs, the primary bedroom offers garden views with ample closet space and no common wall. The second room on the first level is a flexible space that provides extra space for sleeping quarters or a den/office. 614 Mildred Ave is a single-level residence offering two bedrooms and one bathroom beautifully remodeled with a lovely outdoor lounge area. 618 Mildred has no common walls at all and as you enter the gate from the street level you will find yourself in a private garden space with steps leading to the front door. Upon entering this charming and bright one bedroom with laminate floors, there are windows on all sides, beautiful kitchen and remodeled en-suite bathroom. All units have their own private outdoor spaces, mature landscaping, and laundry facilities, making them perfect for residents seeking the ultimate Venice lifestyle. Moments away from Abbot Kinney Blvd, Venice Beach, and the iconic Venice Canals, this triplex is a rare opportunity to own a stylish, income-generating property in the heart of Silicon Beach. 2318 Beach Ave unit will be delivered vacant. Experience the best of coastal living while enjoying the benefits of a versatile, move-in-ready investment. Don't miss out on this gem - Venice's finest awaits!Interested in this Listing?
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Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 159,600 |
| Total Annual Expense: | $ 36,850 |
| Net Operating Income: | $ 136,490 |
| Gross Annual Income: | $ 159,600 |
| Cap Rate: | 4.3% |
| Gross Rent Multiplier: | 19.60 |
Structure
| Type of Units: | SFR, Apt |
| Buildings: | 2 |
| Levels: | Two, Multi/Split, One |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | Contemporary |
| View Description: | Other |
| Water: | Public |
Land & Parking
| Zoning: | LAR1 |
| Parking Garage: | On street |
Interior
| Cooking Appliances: | Cooktop - Gas, Range, Range Hood, Oven, Built-In And Free Standing |
| AC/Cooling: | Ceiling Fan |
| Equipment: | Dryer, Dishwasher, Ceiling Fan, Built-Ins, Freezer, Garbage Disposal, Microwave, Washer, Range/Oven, Refrigerator |
| Heating: | Wall |
| Interior Features: | Detached/No Common Walls, Built-Ins, Recessed Lighting, Storage Space, Laundry - Closet Stacked, Other, Open Floor Plan |
| Kitchen Features: | Granite Counters, Remodeled, Skylight(s), Pantry, Counter Top, Galley Kitchen |
| Laundry: | In Unit |
| Laundry Equipment: | Own |
| Patio Features: | Rock/Stone, Patio Open, Balcony |
Exterior
| Pool: | No |
| Spa: | No |
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