1604 Venice
Venice, CA 90291
MLS #17222822

Income
  • 7units
  • 4,200sq ft
Pending Sale $3,100,000
Est. P&I payment: $11839.9/mo
1604 Venice, Venice, CA 90291
  • 1604 Venice, Venice, CA 90291 Photo 1
  • 1604 Venice, Venice, CA 90291 Photo 2
  • 1604 Venice, Venice, CA 90291 Photo 3
  • 1604 Venice, Venice, CA 90291 Photo 4
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Description for 1604 Venice, Venice, CA 90291
IN ESCROW PENDING COURT CONFIRMATION.$3.1 price includes 1600 VENICE - APN #4236-006-013 - 3 - two bedroom, one bath. 7 multifamily units total. Gross Income - $87,540 - Prime development location on Venice Blvd. in Venice, California. Minutes from the beach, the land sits close to a number of retail amenities with close access to the 405, 10, 90 Freeways. The subject property offers a Developer a remarkable opportunity to develop a well-trafficked and extraordinary multifamily building in Venice. The current residents are on month-to-month leases and offers income while obtaining entitlements. Superb Corner Lots with Back Alley access. Multiple ingress and egress options. PLEASE DO NOT DISTURB TENANTS. SUBJECT TO COURT CONFIRMATION.
MLS #17222822
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My Notes for MLS #17222822

General Features

  • Number Of Buildings: 2
  • Number Of Units Total: 7
  • Year Built: 1946
  • Zoning: LAR4
  • Improvements Amount: 40,775
  • Land Value: 40,775

Exterior Features

  • Stories Total: 1
  • Lot Size SqFt: 11,926
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Garage

Utility Features

  • Cooling: None
  • Laundry Features: None
  • Appliances: None

Financial Features

  • Net Operating Income: 67,405
  • Price Per SqFt: 738.1
  • Total Expenses: 20,134
  • Gross Multiplier: 35
  • Gross Operating Income: 87,540

Miscellaneous Features

  • Building Area Total: 4,200
  • Days On Market: 133
  • Lot Size Source: Owner
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 133

Location

 
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Directions to 1604 Venice, Venice, CA 90291
Corner of Venice Blvd. and Glencoe Avenue
Listing information for 1604 Venice, Venice, CA 90291 was graciously provided by our friends at the listing brokerage, Dover Management Corp. and by listing agent Steinriede Douglas DRE# 00824995

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P&I Payment $11839.9
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Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Alliance Realty's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Alliance Realty, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Last Updated 01/17/2018 at 8:09pm
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