Venice, CA 90291,412 BROOKS AVE
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Venice, CA 90291,412 BROOKS AVE
Venice, CA 90291,412 BROOKS AVE
Venice, CA 90291,412 BROOKS AVE
Venice, CA 90291,412 BROOKS AVE

$1,938,930

Est. payment /mo

$1,950,000

0.6%
Est.Price: ?

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412 BROOKS AVE Venice, CA 90291

5,000 Sqft Lot

SOLD DATE : 03/31/2022

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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California Regional MLS (CRMLS)
Listed by Ra-Son Theus • Keller Williams Inglewood
Bought with Betty Huang • Berkshire Hathaway Home Srvcs

Tari Haberfield

Agent | SCKELLWILL01918524

+1(805) 234-6882

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