3008 Pacific Ave Venice, CA 90291
Pending
$2,250,000
19%
2 Units
6 Beds
6 Baths
3,476 Area(sq.ft.)
2,656 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 3 | 3 | No | n/a | n/a | $ 5,000 |
| Unit 2 | 1 | 3 | 3 | No | $ 3,150 | $ 3,150 | $ 5,000 |
| 2 | 2 | 6 | 6 | $ 3,150 | $ 3,150 | $ 10,000 |
| MLS #: | 24-405043 |
| Days On Market: | 106 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 647 |
| Price per unit: | $ 1,125,000 |
| Year Built: | 1971 |
Property Details
Huge Price Improvement!! Amazing Owner-User investment opportunity on the cusp of Venice Beach and the Marina Peninsula! One block north from famous Venice Pier and Washington Square. Minutes from the Venice Canals, Abbot Kinney, and Marina del Rey. Large units with outdoor space.This building is the epitome of coastal living, perfect for an Owner-User that wants to live steps from the beach! Ground floor 3-Bedroom, 3-Bathroom unit with private patio.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 50% |
| Gross Operating Income: | $ 106,506 |
| Total Annual Expense: | $ 49,875 |
| Net Operating Income: | $ 56,631 |
| Gross Annual Income: | $ 109,800 |
| Cap Rate: | 2.52% |
| Gross Rent Multiplier: | 20.49 |
| Actual Gross Rent: | $ 109,800 |
Structure
| Type of Units: | 3 bed |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Traditional |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Carport |
Interior
| AC/Cooling: | None |
| Equipment: | Microwave, Refrigerator, Range/Oven, Dishwasher |
| Heating: | Wall |
| Laundry: | Room |
Exterior
Detailed Map
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