22 28th Ave - Apartments FOR SALE


Venice, CA 90291
$4,995,000 USD
310-704-0007
22 28th Ave, Venice, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/45
null | 5.52% Cap Rate

22 28th Ave
Venice, CA 90291


HIGHLIGHTS

  • Current GOI is $359,928 // Large Luxury Units
  • Two of the main units can be delivered vacant.

OVERVIEW

Perfect Owner/User or Pied-a-Tere! Rare 4 unit Venice compound on a double lot located in the heart of Silicon Beach. Located just steps from the Beach on a Beautiful walk street surrounded by $5 mil + homes in the most sought after "South Venice Beach" area. seconds to top restaurants and trendy Abbott Kinney. Property consists of a 3 bed townhouse on East side of lot with private yard and private garage which has been recently remodeled with Hardwood flrs, new kitchen and new bathrooms. West lot has 3 units comprised of Penthouse with 3 bed 2 ba, open flr plan, rooftop deck and windows surrounding living rm to make this a bright and airy residence w/ Ocean breezes and partial Ocean views from living rm and balcony. Middle unit is a 3 bed 2 bath unit with a balcony off the living rm, Primary w/ beautiful view of the walk st and front yard. Lower unit is a one bed unit with private parking and use of the front lawn area. Total of 8 parking spaces for the property. Owners unit can be delivered vacant. Cap rate of 5.52.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$925 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,248,750

CAP RATE

5.52%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LARD1.5

APN/PARCEL ID

4226-021-026

ASK ABOUT THIS PROPERTY

James AllanCompassMore Info
310-704-0007

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James AllanCompassMore Info
310-704-0007

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