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    354 4TH Ave

    Venice, CA 90291
    • $8,675,000
    • STATUS: Active
    • ON SITE: 293 days
    • MLS #: 20-550964
    UPDATED: 23 min ago
    $8,675,000
    • 31
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,958
      SQFT
    • $725
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    Located on a larger corner lot walking distance to the beach - one block South of Rose Ave. and two blocks east of Main St. The property features lots of outdoor space with a large community courtyard and has achieved 95%+ rent collections throughout the pandemic. The almost 12,000 sq. ft. two-story building is comprised of (1) three-bedroom and one-bath townhouse, (1) two-bedroom and one-bath townhouse, (2) three-bedroom and two-bath units, (9) two-bedroom and one-bath units and (2) one-bedroom and one-bath units. 7 out of 15 units have been remodeled to include quartz countertops, stainless steel Frigidaire appliances, soft-close custom cabinets, LED lighting package, copper plumbing, and a custom black window package. Additionally, 354 4th Avenue features secured entry and approximately 24 covered parking spaces. Remodeled units are achieving market rents, which present a significant value-add opportunity to investors, as current rents are approximately 40% below market value.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T16:43:03.7. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.haciendagroupinc.com/homes/103181120
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    354 4TH Ave Venice, CA 90291

    • Price: $8,675,000
    • Status: Active
    • Updated: 23 min ago
    • MLS #: 20-550964
    31
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    11,958
    SQFT
    $725
    $/SQFT
    1964
    Built
    Neighborhood:
    Venice
    County:
    Los Angeles
    Area:
    Venice
    Property Description
    Located on a larger corner lot walking distance to the beach - one block South of Rose Ave. and two blocks east of Main St. The property features lots of outdoor space with a large community courtyard and has achieved 95%+ rent collections throughout the pandemic. The almost 12,000 sq. ft. two-story building is comprised of (1) three-bedroom and one-bath townhouse, (1) two-bedroom and one-bath townhouse, (2) three-bedroom and two-bath units, (9) two-bedroom and one-bath units and (2) one-bedroom and one-bath units. 7 out of 15 units have been remodeled to include quartz countertops, stainless steel Frigidaire appliances, soft-close custom cabinets, LED lighting package, copper plumbing, and a custom black window package. Additionally, 354 4th Avenue features secured entry and approximately 24 covered parking spaces. Remodeled units are achieving market rents, which present a significant value-add opportunity to investors, as current rents are approximately 40% below market value.
    Exterior Features

    Lot Size Area 11528 Other Structures None Parking Garage Covered ParkingTandem Total Parking 24

    Interior Features

    Baths Total 17.00 Cooling Ceiling Fan Equipment Built-InsCeiling FanDishwasherRange/OvenRefrigerator Heating Central

    Property Features

    Gross Income 441192 Gross Operating Income 430162 Like Units1 5 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 273436.00 Number Of Buildings 1 Number Of Units 15 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 156726 Type Of Units Apartments Year Built Source Assessor Zoning Lar4

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-02T16:43:03.7. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253