239 3rd Avenue
Venice, CA 90291
MLS #17224996

  • 4units
  • 3,398sq ft
Est. P&I payment: $9529.21/mo
Description for 239 3rd Avenue, Venice, CA 90291
UPDATE: Major price reduction, and 2 units now vacant! 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 upside and options for 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

  • CapRate: 3.42
  • Net Operating Income: 85,450
  • Price Per SqFt: 734.26
  • Total Expenses: 54,229
  • Gross Multiplier: 17.32
  • Gross Operating Income: 144,000

Community Features

  • Association YN: 1
  • Association Amenities: Other

Miscellaneous Features

  • Building Area Total: 3,398
  • Days On Market: 318
  • Special Listing Conditions: Standard
  • Cumulative Days On Market: 318


Street View Not Available
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# 01933459

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P&I Payment $9529.21
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Last Updated 03/22/2018 at 4:31am
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