$1,938,930
$1,950,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
412 BROOKS AVE Venice, CA 90291
5,000 Sqft Lot
Key Details
Sold Price $1,938,930
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22119704
Sold Date 03/31/22
HOA Y/N No
Year Built 1964
Lot Size 5,000 Sqft
Lot Dimensions Assessor
Property Description
We are proud to present this very rare opportunity to acquire a quadplex in the heart of Venice, CA. Three units to be delivered vacant. This quadplex in the heart of Venice, is conveniently located just steps from Abbot Kinney Blvd., close to beaches, trendy shops, and Marina Del Rey. It's Ideal for an owner-user or entry-level investment. This 4-unit, 2,355 SqFt multifamily building sits on a 4,999 SqFt lot, and it has a unit mix of (4) 1-Bed / 1-Bath units. With the upside in rent potential of 445%, its excellent location is perfectly positioned for an investor who wants a value-add property in a highly appreciating location. This property is perfect for an investor who wants to capitalize on the upside potential in rental income and the historically strong appreciation of this Venice market. It is also perfect for an owner-occupied buyer who wants to live in one of the units and collect rent on the other three. Furthermore, this property's zoning (LARD1.5) also offers an investor the potential for future redevelopment of 4 units/condos. Lastly, since this property has 4-units, it qualifies for residential financing. Three of these units will be delivered vacant.
Location
State CA
County Los Angeles
Area C11 - Venice
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
Cooling None
Fireplace No
Appliance Disposal
Laundry In Kitchen
Exterior
Garage Assigned
Community Features Gated
Parking Type Assigned
Total Parking Spaces 4
Building
Faces North
Story 1
New Construction No
Others
Senior Community No
Tax ID 4239010020
Security Features Gated Community
Special Listing Condition Standard
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Bought with Betty Huang • Berkshire Hathaway Home Srvcs