1167 Nelrose Ave - Apartments FOR SALE


Venice, CA 90291
$1,475,000 USD
310-899-2728
1167 Nelrose Ave, Venice, CA for Sale
$1,475,000 USD
Apartments - FOR SALE
1/14
null | 4% Cap Rate

1167 Nelrose Ave
Venice, CA 90291


OVERVIEW

Lee & Associates is pleased to present the opportunity to purchase this multi-family triplex at 1167 Nelrose Avenue, consisting of ± 1,888 square feet of building on ± 4,401 square feet of land. The property is situated in the heart of Venice, walking distance to iconic Abbot Kinney Boulevard. Originally built in 1952, the property is rich with history. Mature landscaping and an expansive shared patio create an inviting outdoor oasis. Currently built out as a triplex, with two units consisting of one-bedroom and one-bathroom, and one unit consisting of two bedrooms and one-bathroom. The property offers tremendous upside potential to owner occupants, investors and developers alike. One bedroom, one bathroom unit is available for owner/user. Do NOT disturb tenants. Call agent for showing details.

FOR SALE DETAILS

PRICE

$1,475,000 USD

PRICE/SF

$781 USD /SF

# OF UNITS

3

PRICE/UNIT

$491,667

CAP RATE

4%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,401 SF

ZONING

RD 1.5-1

APN/PARCEL ID

4236-001-007

ASK ABOUT THIS PROPERTY

Spencer HorakLee & Associates, Los Angeles West, IncMore Info
310-899-2728

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Spencer HorakLee & Associates, Los Angeles West, IncMore Info
310-899-2728

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