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240 3rd Avenue

Venice, CA 90291
  • $3,990,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: 23308773
UPDATED: 234 min ago
$3,990,000
  • 4
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,288
    SQFT
  • $1,214
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:
Area:

School Ratings & Info

Listing Agent(s): David Ghermezian of Newmark Residential (310-528-5565)


Description

8 UNIT APARTMENT BUILING FOR SALE IN VENICE. FOUR 1 BED 1 BATH UNITS, AND FOUR STUDIO UNITS. 7 UNITS ARE VACANT. This prime location offers the convenience of being just a half-mile stroll away from the stunning Venice Beach shore and a similar distance from the vibrant Rose Ave neighborhood. It is surrounded by trendy restaurants, popular shops, and an array of entertainment options, ensuring residents have a lively and dynamic environment to explore. The property comprises four recently renovated 1-bedroom/1-bath units and four studio units, all thoughtfully furnished to provide a comfortable living experience. The area boasts a robust demand for rentals, particularly among working professionals seeking proximity to the thriving employment centers on the west side. Additionally, the property features a spacious parking lot for tenants' convenience and an on-site laundry room. Notably, seven of the units will be delivered vacant, presenting an excellent opportunity for customization and rental income potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
www.romerohometeam.com/homes/143175839
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240 3rd Avenue Venice, CA 90291

  • Price: $3,990,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 234 min ago
  • ID#: 23308773
4
Beds
0
Baths
0
½ Baths
0.14
Acres
3,288
SQFT
$1,214
$/SQFT
1956
Built
Neighborhood:
C11 - Venice
County:
Los Angeles
Area:
C11 - Venice
Property Description
8 UNIT APARTMENT BUILING FOR SALE IN VENICE. FOUR 1 BED 1 BATH UNITS, AND FOUR STUDIO UNITS. 7 UNITS ARE VACANT. This prime location offers the convenience of being just a half-mile stroll away from the stunning Venice Beach shore and a similar distance from the vibrant Rose Ave neighborhood. It is surrounded by trendy restaurants, popular shops, and an array of entertainment options, ensuring residents have a lively and dynamic environment to explore. The property comprises four recently renovated 1-bedroom/1-bath units and four studio units, all thoughtfully furnished to provide a comfortable living experience. The area boasts a robust demand for rentals, particularly among working professionals seeking proximity to the thriving employment centers on the west side. Additionally, the property features a spacious parking lot for tenants' convenience and an on-site laundry room. Notably, seven of the units will be delivered vacant, presenting an excellent opportunity for customization and rental income potential.
Exterior Features

Parking Features One Space Parking Total 9

Interior Features

Appliances Refrigerator Heating Heat Pump Heating YN Yes

Property Features

Association YN No Gross Income 213492 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 144961 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 88 Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-10-03T00:28:54.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.
 
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Romero Home Team | eXp Realty
865 Aerovista Pl, Suite 120
San Luis Obispo CA, 93401
Listing Agent(s): David Ghermezian of Newmark Residential (310-528-5565)