923 933 Venice BLVD Venice, CA 90291
Active
$5,600,000
5%
15 Units
3 Beds
3 Baths
11,278 Area(sq.ft.)
7,684 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 3 | studio | 1 | No | $ 1,686 | $ 5,057 | $ 1,770 |
| Unit 2 | 10 | 1 | 1 | No | $ 1,717 | $ 17,171 | $ 1,802 |
| Unit 3 | 2 | 2 | 1 | No | $ 1,905 | $ 3,810 | $ 2,057 |
| 3 | 15 | 14 | 15 | $ 26,038 | $ 194,501 | $ 27,444 |
| MLS #: | SB24135652MR |
| Days On Market: | 181 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 497 |
| Price per unit: | $ 373,333 |
| Year Built: | 1925 |
Property Details
923-933 Venice Boulevard in Venice, CA, is a classic 1920s architectural apartment building. This property, located just a few blocks from Abbot Kinney and Venice Beach, offers an excellent location. It is adjacent to an 8-unit building also for sale by the same owner. The property provides additional passive income from a billboard lease, generating $4,400 per month. The zoning is C2/R4 TOC Tier 3, allowing for a maximum of 33 units.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 362,527 |
| Total Annual Expense: | $ 149,354 |
| Net Operating Income: | $ 213,173 |
| Cap Rate: | 3.81% |
| Gross Rent Multiplier: | 15.18 |
Structure
| Community Features: | Biking, Curbs, Sidewalks |
| Security Features: | Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LAC2 |
| Land Lease Type: | Fee |
| Parking Garage: | None |
Interior
| Fireplace Rooms: | None |
| Laundry: | Laundry Area |
Exterior
| Pool: | No |
| Spa: | No |
Detailed Map
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