239 3rd Avenue
Venice, CA 90291
MLS #17224996

Income
  • 4units
  • 3,398sq ft
$2,695,000
Est. P&I payment: $10293.07/mo
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Description for 239 3rd Avenue, Venice, CA 90291
UPDATE: $100,000 price reduction and a second 2bed unit is now also vacant. Now there are 2 vacant units and a lot of flexibility and options. Fantastic fourplex for sale in prime Venice Silicon Beach location 1/2 block from Rose Ave. One unit is currently vacant and can be delivered vacant or with a new tenant in place, per buyer's preference. Located just blocks from world-class eateries, shopping, Whole Foods market, Main Street, Venice Boardwalk and the beach. Four detached single-car garages. Additional income potential from two 1-car garages which are to be delivered vacant. Rents are well below market, so there is tremendous value-add and/or re-development opportunities.
MLS #17224996
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My Notes for MLS #17224996

General Features

  • Number Of Buildings: 1
  • Number Of Units Total: 4
  • Year Built: 1953
  • Zoning: LARD1.5
  • Improvements Amount: 54,648
  • Land Value: 38,909

Exterior Features

  • Stories Total: 2
  • Lot Size SqFt: 6,436
  • Lot Size Units: Square Feet
  • Parking YN: 1
  • Parking Features: Garage

Utility Features

  • Cooling: None
  • Laundry YN: 1
  • Laundry Features: See Remarks
  • Appliances YN: 1
  • Appliances: Garbage Disposal,​Dishwasher

Financial Features

  • Electric Expense: 25
  • Gross Scheduled Income: 4,395
  • Insurance Expense: 125
  • Maintenance Expense: 100
  • Net Operating Income: 43,260
  • Price Per SqFt: 793.11
  • Professional Management Expense: 300
  • Total Expenses: 9,480
  • Trash Expense: 25
  • Water Sewer Expense: 100
  • Gross Income: 4,395
  • Gross Multiplier: 53
  • Gross Operating Income: 52,740

Community Features

  • Association YN: 1
  • Association Amenities: Other

Miscellaneous Features

  • Building Area Total: 3,398
  • Days On Market: 180
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 180

Location

 
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Directions to 239 3rd Avenue, Venice, CA 90291
Rose Ave to 3rd Ave
Listing information for 239 3rd Avenue, Venice, CA 90291 was graciously provided by our friends at the listing brokerage, Westside Property Management I and by listing agent Barre Joshua L DRE# 01222605

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P&I Payment $10293.07
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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 01/21/2018 at 6:08am
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