123 Park Place , Venice, CA - 90291 is For Sale

  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
  • 23267293
$1,950,000· Income property

Description

Welcome to the walk Streets of Venice, one block from the Beach at the end of Abbot Kinney/Brooks and just south of Main street.The location is outstanding. Enter through the white picket fence into a shared sun trap of a garden, to be enjoyed by all. This is a four unit building, fully occupied. On the ground floor is unit 1, a 1 bedroom, 1 bathroom unit, and on the 2nd floor are three units, 2 studios and another 1 bedroom, 1 bathroom unit. The units on the upper floor have all been updated. The one bedroom unit upstairs has an exposed wood ceiling, stainless steel appliances, wood floors, cool light fixtures, wood blinds, a little desk area and a light and airy bathroom. There is also a communal laundry, and a carport that fits 6 cars tandem. There are 4 storage bins for the tenants use. Good steady income, low expenses. Expenses include projected property taxes for new owner. An all round great investment. Will need 72 hours notice to show Monday - Saturday.

Features

MLS#: 23267293
List Price : $1,950,000
Total Units : 4
CAP rate : $3.09
Gross Operating Income : $86,220
Net Operating Income : $60,419
Sq M : 209 M2
Year Built : 1965
Days on market : 352 Days
Gross taxes : N/A
Address : 123 Park Place
City : Venice
State : CA
Zip Code : 90291
Neighborhood : N/A
Appliances : Dishwasher, Refrigerator
Stories : 2
Laundry : Community
Parking Features : Carport
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $1,950,000
Acres : 0.0517
Lot Size (Acres) : 0.0517
Heating : Wall Furnace
Parking Features : Carport
Interior Features : Ceiling Fan(s)
Cooling : None
Driving Directions : West of Main, East of Pacific, South of Rose and North of Abbot Kinney/Brooks
 
Courtesy of : Michelle Nissani , Douglas Elliman

Location

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