424-405-3826
101 Dudley Ave, Venice, CA for Sale
Apartments - FOR SALE
1/16
null | Request Cap Rate

101 Dudley Ave
Venice, CA 90291


HIGHLIGHTS

  • Prime Coastal Asset: Located just one block from the beach, walkable to numerous dining and retail options, proximate to major employers
  • Unit Mix: 29-Unit Apartment building with 22 studio SRO’s with shared bathrooms and seven one-bedroom units
  • On-Site Parking: Lot offers 11 surface parking spaces, a rare amenity in this area, that generates additional income
  • 24 Percent potential upside in rents
  • Strong Demographics: Tenant base supported by a one-mile average household income over $148,000
  • Property Tour Thursday, September 10th at 11am

OVERVIEW

PROPERTY TOUR THURSDAY, SEPTEMBER 10TH AT 11AM Marcus & Millichap is pleased to present to market the exciting opportunity to acquire a prime piece of Venice real estate: 101 Dudley Avenue. This highly recognizable 29-unit apartment building features 22 studio SRO’s with shared bathrooms, seven one-bedroom units, laundry facilities, and a shared patio. The building is situated on a corner lot that offers 11 surface parking spaces, a rare amenity in this area that generates additional income. Boasting a prime location just one block from the beach, the famed Venice Boardwalk, and Google’s Venice campus, and near Abbott Kinney, this asset presents an excellent coastal acquisition opportunity with consistent rental demand and upside potential in an affluent submarket.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

29

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,017 SF

ZONING

LAR3

APN/PARCEL ID

4286-016-046

ASK ABOUT THIS PROPERTY

Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

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Steve BogoyevacMarcus & MillichapMore Info
424-405-3826

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.